1.0 Summary
It sometime becomes difficult to pull out valuable time from our “Days of lives” to tune into some critical thought leadership sessions that are held and that calls for a steward that fishes these great reminances and helps deliver that to you in less than 140 characters.
I am not taking credit for this, but I really appreciate the presenters of the webcast : the Colgate-Palmolive team, SAP and also the Social media support from SAP Procurement to share this information in real-time on the twitter feed.
The twitteratti today are some of the top tweets from the joint Sourcing Interest Group ((www.sig.org) webinars showcasing Colgate-Palmolive’s success story of Achieving Procure to Pay Excellence with SAP Procurement solutions.
You can download the recording of the event from this link http://bit.ly/KUlJ3E
2.0) Who presented?
Emily Rakowski – Global Head of Procurement Solution Marketing, SAP Procurement
Patty Vollmar – Associate Director, Global Supply Chain Development - Colgate-Palmolive
3.0) Summary of the presentation
Thoughts from Emily Rakowski - SAP
- SAP discusses world class procurement excellence and what does it take to stay competitive and be on the top
- Global trends that are driving procurement: Economic Volatility Cost Savings Pressure Sustainability Focus Risks of Natural Disaster
- What to focus when creating a business case for procurement excellence
- Procurement excellence focus areas: Spend Optimization, Reliability, Productivity, Innovation
- How does the technology strategy help empower your Procurement transformation & excellence: Strategic Sourcing tops the charts
- Discussing the issue of Disconnected procurement process
- World class procurement teams use a comprehensive, integrated procurement solution portfolio
- Understanding the classic SAP Procurement portfolio to understand how to address these building blocks
Success story from Patty Vollmar – Colgate-Palmolive
• Driving factors toward the P2P Initiative
• Scope of the eProcurement solution
• Project Roll Out Details
• How did it go?
• Phase II
• Next Generation – Mobile!
• Critical Success Factors
4.0) Poll Questions
Also there were 2 poll questions as below, check the webinar recording for the poll-results http://bit.ly/KUlJ3E
Poll Q1) Where is your company today in terms of Procure-to-Pay automation?
- A. Not automated at all – still mostly paper-based processes
- B. Automated for a portion of spend (e.g., direct or indirect only)
- C. Automated for all categories with employee tools in place but not optimized
- D. Automated for all categories with employee tools in place and optimized
Poll Q2) If your company is managing an eProcurement program, what is the most compelling benefit?
- Decrease in req to PO timing / employee satisfaction with the process
- Contract/pricing compliance through use of catalogs
- Cost reductions in the purchasing and AP departments (lower headcount, less time in transactional work)
- Better spend visibility and reporting
- Other
5.0) Twitteratti Stream: Check the twitteratti to understand how Colgate-Palmolive did it, hear the webcast for deeper insights