Video: Managing the People & Technology change requirements for Procurement 4.0

GRA and Zycus ran a webinar Managing the People & Technology change requirements for Procurement 4.0 

In this webinar, a panel of industry practitioners and experts identified and discussed the new elements for managing the people and technology change requirements for the new digital age.

About:

We are all aware of the inevitability of change, but technological advancements change the nature of change itself. This statement stands true for all technological disruptions, but it applies most in the case of Artificial Intelligence. This means we need to study the implications this change will have on all elements of a process, but most of all we need to focus on how it will affect people. Implementing change in the world of Industry 4.0 depends first on getting employees to embrace the changes. That process starts by developing “change champions” who are ready to embrace innovation and can influence others in their networks to adopt transformation.

After two decades of gradual onset, Industry 4.0 and now procurement 4.0 has made digital transformation an in-your-face reality. What's more, they are driving more insight, oversight, and control under the control of CPOs, procurement teams, and line-of-business clients as the speed of business keeps on quickening, the business risk grows, and the stakes increase.

In this webinar, a panel of industry practitioners and experts identified and discussed the new elements for managing the people and technology change requirements for the new digital age.

This webinar was hosted by:

  • Carter McNabb, Partner, GRA
  • Timothy Hetzel, Senior Consultant, GRA 
  • Andrew Dillon, Senior Manager, GRA
  • Ashish Naik, Senior Consultant, Zycus
  • Adriel Pinto, Manager Strategic Alliances, Zycus

 

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Testimonials

"GRA helped us reduce inventories and improve operating cash flow by $12 million within 12 months whilst improving stock availability in stores. All the more impressive considering we were growing rapidly, but experiencing tough retail trading conditions at the time."

– Peter Birtles, Managing Director, Super Cheap Auto Group

Typical results

  • 20-40% inventory investment reduction
  • increased service levels ranging up to 99.9%
  • 10%-15% reduction in supply chain operating costs
  • 5%-20% spend management savings
  • the ability to fund business initiatives from operating cash flow (OCF) improvements
  • improved return on capital employed (ROCE)
  • a minimum 3:1 ROI (10:1 to 30:1 typical)