How to Elevate Role of Procurement in Your Enterprise by Chris Salis

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How to Elevate Role of Procurement in Your
Enterprise by Chris Salis

• A guide by Chris Salis

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A renowned name in Startup Consultancy and
Business Strategy, Chris Salis has immense
experience and great accomplishments in his
career that speak volumes about him. His
financial expertise has helped many businessmen
across to grow exponentially. Chris Salis, an SAP
expert, has experience in procurement as well.
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Procurement is an area of the enterprise that is
full-grown for innovation and mature user of
technology. As these processes mature, the
technology to automate procure-to-pay and collect
the spend data has been there for quite a time.
Most organizations have chosen the immature
fruit. If they haven't, the technology is
available for all sizes, which can implement it
and streamline its procurement policies and
process quickly. The innovation needs to be
applied to the more strategic processes.

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According to Chris Salis, a factor that always
steers procurement technology adoption is that it
offers provable ROI. Any company can implement
the technology and produce measurable real
revenue on investment by understanding and
capturing the company's spending before and after
the usage of the technology.
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The various procurement organizations have to
ensure that the company is purchasing against its
optimizing prices and contracts properly to drive
such ROI. Thus, the procurement technology may
get approved during tighter IT spending times,
whereas the other requests get denied. The market
is currently unique as top-growth initiatives and
bottom-line savings are going a mile in a minute.
The downswing has raised procurement to
visibility level in the company while managing
costs have become the priority. However, the
current pace of global innovation is fast as it's
ever been at the same time. Procurement is viewed
increasingly as a partner in that innovation.
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• Strengthening the effective spend analytic tools
  can entitle an organization to deliver the
  board-level results discussed. The most advanced
  spend analytics enable the procurement enterprise
  to achieve what used to need a group of
  consultants.

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• About Chris Salis
• Chris Salis as an SAP expert, has offered a lot
  to the corporate world and still has much more to
  give.