Post on 16-Apr-2017
transcript
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What’s the future of Procurement?Christian Lanng CEO
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Extinct?
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Or science fiction?
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In the last 15 years, 52% of the Fortune 500 companies have
disappeared
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1955:75 years life expectancy
2016:15 years life expectancy
VS
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And at the same time there is an explosion of new value and companies
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And it’s not just new beats old,
anyone can win.
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“The future is already here, just not very evenly distributed”
- William Gibson
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So why is this happening?
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It happens because companies prioritize process over innovation
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And inflexible systems over smart people
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It happens because companies prioritize cost savings over value creation
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A focus on savings only will not:
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• Enable new product and service innovation• Accelerate your speed to market• Protect your business from disruptive forces• Reduce exposure to risk
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Agility and flexibility will matter as much as cost going forward
The more digitally integrated the supply chain, the faster companies can respond to change.
Digitized processes can be reconfigured far more quickly than manual processes
Simplify and speed the exchange of information in collaborative design processes
Hyper Competition, Accelerating Business = Constantly shifting supply chain
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And it’s not enough to just rebrand cost-saving as “value-as-a-
service” if it’s still the same thing in the box
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So we have a choice
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Extinct? Or defining the future?
What does this mean for Procurement?
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• Indirect, Direct and Services will all mix○ You will be buying an outcome, not a commodity
• There will be no one size fits all○ Rapidly changing business requirements and
environments will require process agility• Commerce will be highly collaborative
○ Defining needs, responding to change and solving complex problems will require collaboration between stakeholders
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But more importantlyProcurement is just the starting point
It’s time to tear down the silos
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Procurement Treasury Account Payable Resource Planning Direct Materials CSR Risk Management Product information
Time Management Analytics Temp labor Travel Supplier Information Collaboration
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It’s the same suppliers
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It’s the same end-users
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It’s the same data
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Yet we keep buying stand alone solution to solve the same needs over and over
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We are moving beyond software to networks and platforms
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The future is one platform for your supply-chain, flexible enough to run any process you want and change
when you need it, connected in real-time with all your suppliers
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Networked data will allow us to move from automating transactions to decisions
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In a platform world documents won’t matter, outcomes will
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We will move from document centric supply chains to
collaboration centric supply chains
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People, not processes will be the core of interactions
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And the future is already here
Live Chat
Content Sharing
Document Events
We build software for the future of procurement
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One platform, infinite business processes● Procure-to-pay, Supplier
Engagement, Risk Management, Product Information, Direct Materials all in one platform
● Collaborative and agile● Apps enable new business
processes instantly for the whole supply chain
● End-to-end transparency and analytics
● Open, Free for suppliers and no lock-in
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Uber Integration Box Quickbooks Zero RFP Sage Extended Supplier Reporting
VAT Tax Support Contract Lifecycle Management Benchmarking Price Benchmarks Shipping Parcel Tracker Invoice Fraud Detection
Supply Chain Finance Time Tracking Quote Collaboration Research Content Apps Bill of Lading Supply Chain Finance Twilio Shopify
Magento Employee Management Inventory Management Direct Materials
Shipping Carrier Integration Digital Asset Management Industry Specific Apps
Freelance Marketplace Custom Invoice Styles Send Invoice To Collections Salesforce Lead Gen Management Certification Management
Applications
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Thank you!
twitter: @christianlanng
learn more: tradeshift.com