ProcureTech SIGNALS 2022 Issue #39

Lance Younger

ProcureTech CEO l Digital Procurement Transformation l We are hiring!

Published Oct 3, 2022

Welcome to ProcureTech 's weekly LinkedIn newsletter!

This week, Archlet shares the 8 building blocks of successful procurement technology implementation, proving it doesn't have to be as difficult as some executives might have experienced.

'More than 50% cite digital solutions as important to advancing their sustainability objectives.'

IBM 's survey findings from nearly 2,000 C-level executives reveals there is still more to be done: a lot of talk but not enough action. What challenges are holding them back from seeing results sooner?

Kearney compares Indonesia's digital transformation to China's, suggesting there are many lessons to be learned from their success, with a key focus on investment in digital and startups.

8 building blocks of successful procurement technology implementations ✅

Implementing procurement technology requires more than simply buying a software license.

Archlet outlines 8 key steps to build a successful procurement technology implementation, as many executives are reminded of past experiences through lengthy and costly endeavours. It doesn't need to be difficult; there is a simpler way to implement SaaS without much involvement from IT teams.

Learn about the 8 building blocks here.

86% of companies have a sustainability strategy - only 35% have taken action 🤔

Lots of talk is happening, but not enough action.

Achieving sustainability demands transformation, which comes through implementing digital technology, data and metrics. However, over 1900 survey respondents comprised of C-level executives from across electronics, automotive, agriculture and more, shared their challenges when trying to achieve a more sustainable strategy - why is more not being done?

'We want to be the world's 5th to 7th largest economy by 2045' 📣

What will make Indonesia's digital transformation work?

Kearney looks at how Indonesia can take inspiration from China as it seeks to improve its industry competitiveness, placing an emphasis on accelerating its need for digital. Can digital transformation help Indonesia become a top-10 economic powerhouse?

Learn more about digital transformation in Indonesia.

News

The news that matters this week...

💵 Digital account startup Frost raises £1.1m to disrupt paycheque management

🔨 Per Angusta, a SpendHQ company : should you buy or build a Procurement Performance Management solution?

📈 8 steps to grow your procurement process and improve spend efficiency , outlined by Zip

Experiences

The must-attend digital and procurement experiences...

🎉 Sifted Summit Sifted 5-6 October

🎉 United by the Power of Spend Coupa 6 October

🎉 Knowledge Conference The Project A 7 October, Berlin

🎉 CLOC Legal EMEA Summit CLOC 10 October, London

🎉 WIRED Smarter WIRED 11 October

🎉 Supplier Management: New pathways to growth Vizibl 12 October

🎉 Procurement & Supply Chain Management in Oil & Gas Prospero Events 18-19 October

🎉 AI World Congress AI Conference 27-28 October

🎉 Slush 2022 Slush 17-18 November, Helsinki

Podcast

Check out the featured podcast...

🔎 Zylo speaks to Aaqil Kassamali , Senior Manager of Procurement at Hootsuite , where he describes how his function has become the heart of the company's SaaS Management program. Listen here 🎧

If you enjoyed this newsletter, then please share with your peers and friends, more collaboration and conversation = more inspired action!

As usual, we'd also love to hear your wisdom, feedback and suggestions on any 'hot' 🔥 digital procurement topics or events you'd like to hear more about or to share.

The ProcureTech Team