Skip to main content

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

 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. 

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. 

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. 

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.

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. 

Chris Salis said that SAP offered technology to rationalize the company's supply base around the business units to offer visibility into how much the organization is spending with suppliers worldwide. The new SAP solution allows the procurement to handle its data internally via a user-friendly interface. In addition, it enables the users to slice the data in various ways. 

The SAP ecosystem supports the entire procurement process. The investments bring a holistic set together to support the needs of the procurement organization. Besides, the enterprises that already have a strong backbone of SAO can benefit from the solutions with the SAP system. 

ChrisSalis as an SAP expert, has offered a lot to the corporate world and still has much more to give. 

 

Comments

Post a Comment

Popular posts from this blog

SAP Tips for Businesses: Insights from Chris Salis

SAP software is a popular business solution that offers a wide range of applications for businesses to streamline their processes, manage finances, and improve overall performance. In this blog, we will look at tips from Chris Salis , an expert in SAP software and implementation, to help businesses make the most of their SAP investment. Tip 1: Understand Your Business Processes Before implementing SAP, it's crucial to have a deep understanding of your business processes. This will help you determine which SAP applications and modules are most relevant to your business needs. Chris Salis suggests taking the time to map out your business processes, identify areas where automation can improve efficiency, and understand which data is most critical to your business. Tip 2: Take Advantage of Customization Features SAP offers a wide range of customization features, including custom fields, user-defined tables, and business add-ins. Chris Salis emphasizes the importance o...
Post a Comment
Read more

How to Measure and Track Key Performance Indicators for Startup Growth

As a startup owner, it's important to measure and track your key performance indicators (KPIs) to understand how your business is performing and make data-driven decisions. KPIs are quantifiable metrics that help you evaluate your progress toward your business goals. In this blog, we will discuss how to measure and track KPIs for startup growth and the role of Christopher Salis in this process.   Identifying Relevant KPIs The first step in measuring and tracking KPIs is identifying your business's relevant metrics. These metrics should align with your business goals and provide insight into your performance. Some common KPIs for startups include:   1.     Customer Acquisition Cost (CAC): The cost of acquiring a new customer, including marketing and sales expenses. 2.     Monthly Recurring Revenue (MRR): The revenue your business generates every month. 3.     Churn Rate: The percentage of customers who stop using you...
Post a Comment
Read more

Standing Out from the Crowd, Says Christopher Salis

My father surely affected my career direction. Our dinner chats frequently focused on leadership, people management, and strategic boardroom discussions. His ideas gave me tremendous exposure to senior leadership dynamics, which influenced my path to becoming a SAP specialist myself.    However, my interest in technology was piqued during my time at Purdue University, where I was steeped in a culture of technical innovation. It was then that I fell in love with the limitless potential of technology. Participating in a Melinda Gates-sponsored study that investigated the convergence of computer interfaces and human interaction was a transformative experience. Though our plans for making interfaces more social could not completely materialize owing to technological limitations at the time, they gave me a peek into technology's revolutionary potential in many aspects of life.    Following this insight, I pursued a career in software, motivated by the belief that techno...
Post a Comment
Read more