Listen to Kristin and join her Theme Discussions! Sessions enabled by SAP Ariba – make sure to ask questions we know you have.
How do you use data, machine learning and robots to help create instant and actionable insights?
Those following EBG | Network know we have followed the transformational procurement development at SKF for several years. Step by step. How they walk the walk.
Today, end users have been given online tools (dashboards) with data insights that are aggregated with several data sources in order to make better decision making. New regression algorithms have been developed in order to predict and enable quicker decision making and thus lead time reductions.
Flexible contract authoring have, together with a new way of measuring and tracking savings and projects, increased the user adoption and compliance. This alongside a high focus on user interfaces to make the user experience as positive as possible.
Machine learning is being used to equip end users with useful and reliable data, Robotic Process Automation is replacing manual processes in order to get speed, compliance and cost savings.
The aim: transactions should be as automatic as possible and business decisions should be guided by smart tools and insights.
”Implementing our key purchasing processes S2C and R2P in a cloud solution has given us control to act fast in changing environments (for instance corona) where we easily and fast could change the spend behavior and follow up the results in a detailed manner. Furthermore our structuralized approach has given us data that we have made available to all our end users so they can act quickly, update category strategies and control supplier base” state Kristin Ang, Group Purchasing Strategy & Business Transformation Director at SKF, who during this session will give you a walkthrough how they have achieved the above.
Learn more about:
- What does the step by step digitization approach look like taken by SKF?
- How do you decide what to automate, which processes to hand over to robots and when to ad machine learning an AI?
- Who are the people involved and what are the competence needed to achieve a digitized transformation?
- What smart tools can be used to enable faster and better decision making in the organization?
How do you ensure a smooth transition to digitized and automated procurement?
Following the keynote, here you can ask questions to Kristin and SAP Ariba. Many are – or want to – embark on a more centralized and structured way of managing direct and indirect spend data. Making it easier for stakeholders to do informed decisions. Harnessing the power in supplier innovation. Automating and digitizing to make best use of talented people stuck in tactical work. Reduce cost and communicate savings opportunities. Often in global organizations with many different systems in place, de-centralized decision making and data all over the place.
Here you have an excellent opportunity to draw from both practitioner and technology insights.
- Have the pandemic created new situations in need to address with technology?
- How do you proceed digitizing procurement ensuring stakeholder engagement?
- What actions can you take tomorrow to evaluate how to make better use of data and technology?