Forward-thinking players are setting their sights on advancing the future of procurement with active value management. But there's a long way to go to become an essential part of the enterprise performance conversation.
How Effective Collaboration Between Procurement and Finance Can Mitigate Supply Chain Risk
As supply chain disruptions increase, organizations are looking for ways to become smarter and recover more quickly from these events. One path is through more effective collaboration among cross-functional teams, especially the procurement and finance departments. In this podcast, Rose Kelly-Falls outlines key steps to help procurement and finance build a solid working relationship and discusses how collaboration between them can lead to a stronger supplier risk management strategy, providing tangible benefits to the company.
A.T. Kearney Procurement & Analytic Solutions works with clients to assess their current enterprise-wide supply management capabilities, determine the critical gaps in relation to best practices and build a roadmap for improvement. We leverage current investments and capabilities to prioritize areas that will drive the biggest near term improvement results.
Lead your procurement organization in the right direction with ROSMA℠
The ability to measure, track, and manage the forces that drive performance is critical to a procurement organization’s success. A.T. Kearney has developed an innovative Procurement Performance Management (PPM) solution that allows accurate and real-time visibility into supply management activities and improvement opportunities. The solution guides procurement and key stakeholders through the entire workflow,from annual planning and project pipeline management to project tracking and results validation. Additionally, it manages resources and provides dashboards with performance metrics such as A.T. Kearney’s breakthrough performance indicator, ROSMA℠ (Return on Supply Management Assets). ROSMA℠ measures a procurement organization’s productivity and financial impact on the entire business.
Organizations acknowledge maintaining a competitive edge requires the infusion of analytics into their business strategies. Procurement and sourcing functions can leverage analytics to differentiate themselves from competitors and optimize key business processes.
A.T. Kearney Procurement & Analytic Solutions is dedicated to helping clients benefit from services and solutions that transform supply chain management processes, as well as analytic driven initiatives. We help them not only realize an immediate impact from improving their procurement management, procurement analytics, strategic sourcing initiatives, and supply chain management organizations but also secure a sustainable and growing advantage.