The procure-to-pay process (P2P) for direct materials resists standardization and automation. As the critical execution phase of source and procurement, it is where the rubber meets the road for inbound materials. This is the first in a series on direct P2P, based on our primary research interviews and surveys we conducted.
Sourcing and Procurement
Solutions, practices, policies, processes related to sourcing and procurement.
Direct Materials P2P — Part One: Introduction
Millennials’ Desire for Meaning in Work – A Potential Key to Addressing the Supply Chain Talent Shortage
Millennials are seeking jobs with meaning and purpose. They are more concerned about social and environmental issues. Companies that are strongly committed to sustainable and responsible supply chains have an advantage in attracting and retaining younger supply chain professionals.
The Ethical Supply Chain Practitioner – Part Two: Labor and Ethical Business Practices
A look at how to ensure that suppliers are treating their workers fairly, paying living wages, not using forced labor, providing a safe working environment, allowing collective bargaining, have non-discriminatory hiring practices, and ethical business practices. These are required not only to minimize reputational risk, but to underpin a company’s purpose and identity as a force for good in the world.
The Ethical Supply Chain Practitioner – Part One: The Social Responsibility Imperative
Supply chain practitioners and executives are in a unique position to help change the world for the better by their influence over global supply chains’ labor conditions, environmental footprint, and ethical practices. In this first in a series, we examine what is driving increasing corporate social responsibility and the desire by employees to do meaningful work and make a difference in the world.
Growing the Network Effect Beyond T&E
SAP Concur recently launched SAP Business Exchange. The vision is bold: to provide an SMB community—across all of SAP and beyond to non-SAP customers—that aggregates purchasing power, provides peer benchmarking, facilitates collaboration, and promotes corporate responsibility. Also at Fusion, we heard about SAP Concur’s continuing progress towards the expense report that writes itself, their use of AI/ML, and other innovations enabling SAP Concur’s clients to simultaneously achieve compliance and employee satisfaction in T&E processes.
Leveraging Global Trade Data-as-a-Service: Part Two – Applications of Trade DaaS
Here we discuss applications of Trade DaaS including ERP/GTM integration, supply chain risk management, sourcing optimization, supplier discovery, price discovery, total landed cost, compliant duty optimization, should-cost modeling, ecommerce, real-time denied party screening, competitive intelligence, lead generation, and KYC.
SAP Concur: Consumerization at Work
SAP Concur’s products in Travel, Expense, and Invoice are good examples of how enterprise software is being ‘consumerized’ to encourage use by employees who have increasingly higher UX expectations.
Outcome-based Business Models for Enterprise Software
A few pioneering enterprise software solution providers offer pricing and business models based on achieving specific outcomes for their clients, rather than just charging for software.
Healthy Growth and Innovations Highlighted at Ariba Live
SAP Ariba is getting serious about managing direct materials spend, as well as innovating in areas such as machine learning, blockchain, integrating with other networks, and more. We explore these and other highlights from this year’s Ariba Live conference.
Concur’s Relentless Quest for the Perfect Trip
Highlights from Fusion, Concur’s annual conference, including Risk Messaging, Hipmunk’s travel bot (Hello Hipmunk), Concur’s SMB business, and more.