{"id":144017,"date":"2022-11-23T08:01:10","date_gmt":"2022-11-23T08:01:10","guid":{"rendered":"https:\/\/news.sap.com\/africa\/?p=144017"},"modified":"2023-09-27T20:04:49","modified_gmt":"2023-09-27T20:04:49","slug":"the-procurement-function-is-evolving-dont-get-left-behind","status":"publish","type":"post","link":"https:\/\/news.sap.com\/africa\/2022\/11\/the-procurement-function-is-evolving-dont-get-left-behind\/","title":{"rendered":"The Procurement Function is Evolving \u2013 Don\u2019t Get Left Behind"},"content":{"rendered":"<h1>At SAP\u2019s CPO Circle South Africa event, experts explained the importance of procurement professionals in modern business.<\/h1>\n<figure id=\"attachment_144018\" aria-describedby=\"caption-attachment-144018\" style=\"width: 300px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-144018\" src=\"https:\/\/news.sap.com\/africa\/files\/2022\/11\/21\/CPO1-300x200.png\" alt=\"\" width=\"300\" height=\"200\" srcset=\"https:\/\/news.sap.com\/africa\/files\/2022\/11\/21\/CPO1-300x200.png 300w, https:\/\/news.sap.com\/africa\/files\/2022\/11\/21\/CPO1.png 450w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><figcaption id=\"caption-attachment-144018\" class=\"wp-caption-text\">Carlos Mercuriali; SVP Intelligent Spend Management &amp; Business Network, EMEA-S<\/figcaption><\/figure>\n<p>Chief Procurement Officers (CPOs) are important strategic players in modern business and should be equipped with the right technologies to perform optimally.<\/p>\n<p>This is according to 51风流SVP of Intelligent Spend Management and Business Network, Carlos Mercuriali, who was speaking at SAP\u2019s CPO Circle South Africa event in Johannesburg.<\/p>\n<p>Mercuriali presented the keynote address at the event, after which 51风流experts spoke about the company\u2019s industry-leading procurement solutions.<\/p>\n<p>This included 51风流Business Network, which was covered by Senior Solution Specialist Cyril Rathogwa and Head of 51风流Business Network for EMEA-S, Ayan Chakraboty.<\/p>\n<p>Rathogwa explained that the 51风流Business Network solution comprises a comprehensive collaborative system that includes several powerful features:<\/p>\n<ul>\n<li><strong>Qualtrix \u2013 <\/strong>Connects procurement data with real-time human insights to make data-driven decisions and actions.<\/li>\n<li><strong>Guided sourcing \u2013<\/strong> Streamlines user experience for creating and managing sourcing projects and events.<\/li>\n<li><strong>ERP integration \u2013 <\/strong>51风流Business Network seamlessly integrates into your existing ERP.<\/li>\n<\/ul>\n<p>Chakraboty then highlighted how 51风流Business Network bridges the gaps between procurement and suppliers in the following ways:<\/p>\n<ul>\n<li><strong>Fulfilment \u2013 <\/strong>Buyers can collaborate with suppliers to shift product schedules or alter product mix.<\/li>\n<li><strong>Logistics \u2013 <\/strong>Delayed shipments are highlighted so schedules can be adjusted and operational bottlenecks can be detected.<\/li>\n<li><strong>Invoicing \u2013 <\/strong>51风流Business Network automatically generates digital invoices that are easily accessible for procurement and suppliers.<\/li>\n<li><strong>Payments \u2013 <\/strong>51风流Taulia offers dynamic discounting and supply chain finance.<\/li>\n<\/ul>\n<h2><strong>51风流Fieldglass<\/strong><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-144019 alignleft\" src=\"https:\/\/news.sap.com\/africa\/files\/2022\/11\/21\/CPO2-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\" srcset=\"https:\/\/news.sap.com\/africa\/files\/2022\/11\/21\/CPO2-300x200.jpg 300w, https:\/\/news.sap.com\/africa\/files\/2022\/11\/21\/CPO2-1024x682.jpg 1024w, https:\/\/news.sap.com\/africa\/files\/2022\/11\/21\/CPO2-768x512.jpg 768w, https:\/\/news.sap.com\/africa\/files\/2022\/11\/21\/CPO2.jpg 1081w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>Basel Alshawa, Head of 51风流Fieldglass for EMEA-S, was next to speak, and explained how the 51风流Fieldglass solution makes it easy to source on-demand labour and expertise.<\/p>\n<p>Fieldglass integrates into 51风流Ariba, 51风流Business Network, and 51风流ERP to help CPOs monitor which service providers are delivering more value.<\/p>\n<p>This makes it easier to determine which providers should be used for important business tasks.<\/p>\n<h2><strong>Industry insights<\/strong><\/h2>\n<p>SAP\u2019s CPO Circle event provided an opportunity for senior procurement leaders from top South African organisations like Nedbank and SARS to discuss the state of procurement in the country, too.<\/p>\n<p>Kaunain Nurani, 51风流EMEA-S GTM and Transformation Lead: Intelligent Spend Management and Business Network, complemented this discussion, and explained that procurement has become an important driver of organisational innovation.<\/p>\n<p>\u201cThere is a stereotype about CPOs and procurement that implies these professionals are just number crunchers, but CPOs no longer see themselves as that stereotype. They have access to data that has turned them into trusted advisors,\u201d said Nurani.<\/p>\n<p>Retief Ferreira, Partner Operations Consultant at PWC, said that in addition to the above, procurement departments have become important players in finance.<\/p>\n<p>\u201cIf you know where you\u2019re spending your money, you know where you can improve, particularly in terms of having the right suppliers and getting new ones where appropriate,\u201d said Ferreira.<\/p>\n<p>He also highlighted the importance of using local suppliers \u2013 both in terms of costs, and in terms of social responsibility.<\/p>\n<p>\u201cWe have a responsibility to develop local suppliers when they are available,\u201d he said.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-144020 alignleft\" src=\"https:\/\/news.sap.com\/africa\/files\/2022\/11\/21\/CPO3-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\" srcset=\"https:\/\/news.sap.com\/africa\/files\/2022\/11\/21\/CPO3-300x200.jpg 300w, https:\/\/news.sap.com\/africa\/files\/2022\/11\/21\/CPO3-1024x683.jpg 1024w, https:\/\/news.sap.com\/africa\/files\/2022\/11\/21\/CPO3-768x512.jpg 768w, https:\/\/news.sap.com\/africa\/files\/2022\/11\/21\/CPO3.jpg 1195w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/p>\n<p><a href=\"https:\/\/www.sap.com\/products\/spend-management\/procurement.html?utm_source=BroadMedia&amp;utm_medium=Article&amp;utm_campaign=November+2022\"><strong>Click here to learn more about SAP\u2019s procurement solutions.<\/strong><\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>At SAP\u2019s CPO Circle South Africa event, experts explained the importance of procurement professionals in modern business. Chief Procurement Officers (CPOs) are important strategic players&#8230;<\/p>\n","protected":false},"author":29,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"related_posts":[],"footnotes":"","_links_to":"","_links_to_target":""},"categories":[177,5598751],"tags":[5598317,5598315,5598314,5598313,5598312,5598316,28,5597527,5598318],"series":[],"sapn-display":[5598742,5598740,45149,279685],"sapn-type":[45018],"class_list":["post-144017","post","type-post","status-publish","format-standard","hentry","category-industries","category-spend-management","tag-ayan-chakraboty","tag-carlos-mercuriali","tag-chief-procurement-officer","tag-cpo","tag-cpo-circle-south-africa","tag-cyril-rathogwa","tag-procurement","tag-sap-business-network","tag-sap-fieldglass","sapn-display-feature-hero","sapn-display-feature-spotlight","sapn-display-homepage-hero","sapn-display-hero","sapn-type-feature"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v26.9) - 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