Through analysis of historical spend data SMBC’ s procurement function and key stakeholders can identify:
• Savings opportunities
• Concentration / fragmentation of suppliers across businesses and / or spend categories
• Negotiations leveraged through aggregate purchasing power( region, business, etc.)
What technology is SMBC utilising to optimise its procurement operations? SMBC went through an extensive RFP process to assess several leading sourceto-pay technology solutions.“ We ultimately selected Coupa as our technology of choice, and I’ m pleased to say that, looking back over the past year – and six implementations later – we made the right choice,” says Wadsworth.“ Coupa is a Software-as-a-Service( SaaS) solution that is highly configurable and interoperable across various modules or source-to-pay functions. Aside from its robust functionality, Coupa provides an intuitive, user-friendly interface that is easy to navigate. Coupa also regularly enhances the product to stay ahead of customer needs and market developments”.
SMBC’ s centralised, strategic and value-driven procurement function Establishing a centralised procurement function allows SMBC to shift from a tactical transactional purchasing approach
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