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What are the toughest challenges facing procurement today? 🤔
We asked CFOs, procurement leaders, and Omnea customers at our CFO Series London event.
👀 Watch the video to hear how we’re driving meaningful change in procurement strategy. Whether you’re transforming user experience, rethinking risk management, or setting bold new goals for 2025, we’re here to help.
A huge thank you to Darren Bosman, Alexander Pilsl, Tanja F., Olivier ., Marina Ingignieri, and Aruna Solomon for sharing your insights!
Is helping us to solve a big challenge, especially when it comes to giving accountability to specific teams. We wanted to be able to give accountability to our legal and compliance teams, to our third party risk management, to our IT teams. There used to be a choice of do I actively manage my risk or not? Nowadays you don't have that choice anymore, you have to and that's sort of where the where the value comes in. Again, from that orchestration layer that Omnia provides automate that end to end flow where you can look at risk, financial risk as well as just having one source of truth for all of your vendors in one. ICE is something that will make such a huge difference for a function such as procurement, and it also helps me understand that it's capable of scaling the company. I'm in the midst of choosing Omnia as well, so it just gives you more trust in my decision making as well in the future. Guess the aim really is just to make sure that our team, the procurement team are involved from sort of that beginning point of the process. So we're not just kind of pulled in right at the end. It's allowed. Visibility at each step for the relevant person. So rather than pinging Slack messages or creating a Slack group and that gets lost, we've been able to say, OK, at this stage it's a finance review to review the possible invoices or the contract. Then it's legal review to. Yeah, I think from a source of truth perspective, everything's been within one system. And Omnia.
Senior Lecturer and Project Manager at Cardiff Metropolitan University | Public Speaker | Author | Vice-Chancellor’s Excellence Award Winner | Field Group Chair Transferable Skills (TNE)
In today’s rapidly evolving business landscape, procurement high-order capabilities—such as strategic sourcing, supplier collaboration, and risk management—are critical for driving long-term value and resilience. These capabilities go beyond cost-saving measures, enabling organizations to innovate, stay competitive, and respond to market changes with agility.
But are we talking enough about them? How can we better leverage these strategic functions to transform procurement from a support role to a core driver of business success?
I’d love to hear your thoughts!
#Procurement#StrategicSourcing#BusinessGrowth#SupplyChain
Transform Your Spend Management with Preis Consulting
Are you looking to maximize value and efficiency in your spend management processes? At Preis Consulting, we specialize in transforming spend management functions to deliver measurable results. Here's how we can help:
Spend Analysis and Optimization: Identify opportunities to reduce costs and enhance value.
Supplier Relationship Management: Build strong, strategic partnerships with suppliers.
Strategic Sourcing: Implement sourcing strategies that align with your business goals.
Process Improvement: Streamline spend management processes for greater efficiency and effectiveness.
Risk Management: Develop resilient supply chains that can withstand unexpected challenges.
We are ready to partner with you to drive success and innovation in your spend management function. Ready to see the difference? Schedule a free consultation today and let's get started on optimizing your spend management strategy.
#SpendManagement#SupplyChain#CostReduction#SupplierManagement#StrategicSourcing#ProcessImprovement#RiskManagement#PreisConsulting
The Hackett Group's 2024 CPO Agenda reveals how procurement is evolving. Key trends like prioritizing spend management, cost reduction, and supply continuity are reshaping strategies.
At JAGGAER, we're excited to support procurement leaders by enabling digital transformation, enhancing risk management visibility, and advancing ESG initiatives. With flexible solutions tailored to unique business needs, we're ready to help procurement teams drive performance and strategic alignment in the year ahead.
Read more here: https://okt.to/qhOBio#CPOAgenda#Procurement#DigitalTransformation#RiskManagement#ESG
How mature is your supply chain? Discover how your company’s supply chain stacks up against others in our upcoming webinar, “How to Move Up the Supply Chain Maturity Curve” on July 31 at 11 AM PT.
Don't miss this engaging discussion led by Resilinc’s CEO Bindiya Vakil and CPO/CMO LeAnne Hester as they discuss strategic insights and actions that businesses can take to move up the supply chain maturity curve.
Register now: https://okt.to/sC6tYL#SupplyChain#SupplierRiskManagement#SCRM#RiskManagement#SupplyChainRiskManagement
How mature is your supply chain?
🌎 ⛓️ Discover how your company’s supply chain stacks up against others in our upcoming webinar, “How to Move Up the Supply Chain Maturity Curve” on July 31 at 11 AM PT.
🔥 Join this fireside chat to hear insights from Resilinc’s CEO Bindiya Vakil and CPO/CMO LeAnne Hester as they discuss strategic insights and actions that businesses can take to move up the supply chain maturity curve.
Register now: https://okt.to/GcsCHM#SupplyChain#SupplierRiskManagement#SCRM#RiskManagement#SupplyChainRiskManagement
How Can You Truly Balance Sustainability, Cost Savings, and Risk in Procurement ? 🌍🔄 ⚖
Supply chains are evolving, and businesses today are faced with a tough challenge: balancing sustainability goals with cost savings and risk management. But what if you didn’t have to choose?
👉 Swipe right to explore how agile procurement models and AI-driven spend insights are transforming the way businesses think about sustainability and cost efficiency.
#Sustainability#ProcurementInnovation#SupplyChainTransformation#CostEfficiency#FutureOfProcurement#YCPConsus
How mature is your supply chain? 🌎 ⛓️ Discover how your company’s supply chain stacks up against others in our upcoming webinar, “How to Move Up the Supply Chain Maturity Curve” on July 31 at 11 AM PT.
🔥 Join this fireside chat to hear insights from Resilinc’s CEO Bindiya Vakil and CPO/CMO LeAnne Hester as they discuss strategic insights and actions that businesses can take to move up the supply chain maturity curve.
Register now: https://okt.to/zkCWyZ#SupplyChain#SupplierRiskManagement#SCRM#RiskManagement#SupplyChainRiskManagement
How mature is your supply chain? 🌎 ⛓️ Discover how your company’s supply chain stacks up against others in our upcoming webinar, “How to Move Up the Supply Chain Maturity Curve” on July 31 at 11 AM PT.
🔥 Join this fireside chat to hear insights from Resilinc’s CEO Bindiya Vakil and CPMO LeAnne Hester as they discuss strategic insights and actions that businesses can take to move up the supply chain maturity curve.
Register now: https://okt.to/ZObTg3#SupplyChain#SupplierRiskManagement#SCRM#RiskManagement#SupplyChainRiskManagement
How mature is your supply chain? 🌎 ⛓️ Discover how your company’s supply chain stacks up against others in our upcoming webinar, “How to Move Up the Supply Chain Maturity Curve” on July 31 at 11 AM PT.
🔥 Join this fireside chat to hear insights from Resilinc’s CEO Bindiya Vakil and CPO/CMO LeAnne Hester as they discuss strategic insights and actions that businesses can take to move up the supply chain maturity curve.
Register now: https://okt.to/u5MdRy#SupplyChain#SupplierRiskManagement#SCRM#RiskManagement#SupplyChainRiskManagement
🚀 Introducing The Ultimate Supply Chain Success Toolkit 🚀
I’ve bundled my top resources to help you optimize your supply chain, cut costs, and drive real results—all in one comprehensive package!
Here’s what you get in the bundle:
1. Supply Chain Optimization Checklist
2. Cost Reduction Strategies Guide
3. Efficiency Improvement Templates
4. Technology Integration Reference Sheet
5. Sustainability in Supply Chain Guide
6. Performance Tracking Workbook
7. Risk Management Plan Template
8. Course Teaser Document
💡 **Special Offer: Get the entire toolkit for just $29.99!** (Regularly $79.99)
Whether you’re a seasoned professional or just starting out, this bundle is packed with everything you need to take your supply chain skills to the next level.
Don’t miss out on this affordable way to elevate your supply chain management. Click the link below to get your bundle now and start making an impact today!
👉 [https://lnkd.in/gRP4vJyq](https://lnkd.in/gRP4vJyq)
#SupplyChainSuccess#BusinessToolkit#SpecialOffer#RussellSchanerConsulting
Head of Finance
3wSuch a fantastic evening! Thanks so much all who attended and looking forward to the next one