WBSRocks: Business Growth with ERP and Digital Transformation

WBSP480: Grow Your Business by Learning the Best Practices for Managing Unmanaged Spend w/ Sudhir Bhojwani and Yuan Tung

April 24, 2023 Sam Gupta Episode 480
WBSP480: Grow Your Business by Learning the Best Practices for Managing Unmanaged Spend w/ Sudhir Bhojwani and Yuan Tung
WBSRocks: Business Growth with ERP and Digital Transformation
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WBSRocks: Business Growth with ERP and Digital Transformation
WBSP480: Grow Your Business by Learning the Best Practices for Managing Unmanaged Spend w/ Sudhir Bhojwani and Yuan Tung
Apr 24, 2023 Episode 480
Sam Gupta

Which spend categories should procurement control would always be debatable. Most companies may have a budget threshold where they might dictate the involvement of procurement. But this approach might not be suitable for every category. Some categories may be so strategic, even if the budget threshold may not be as high, that the business might want to take over because of the cross-functional implications or risks. These categories might also have very unique workflows and processes that require unique designs compared to the other categories.

In today's episode, our guest, Sudhir Bhojwani and Yuan Tung discusses the best practices for managing unmanaged spend. They also discuss the disconnect between procurement and business and the scope of procurement. Finally, they describe where ORO labs fit in the enterprise architecture and how it compares with other workflow automation tools, P2P, CLM, etc.

For more information on growth strategies for SMBs using ERP and digital transformation, visit our community at wbs.rocks or elevatiq.com. To ensure that you never miss an episode of the WBS podcast, subscribe on your favorite podcasting platform.

Show Notes

Which spend categories should procurement control would always be debatable. Most companies may have a budget threshold where they might dictate the involvement of procurement. But this approach might not be suitable for every category. Some categories may be so strategic, even if the budget threshold may not be as high, that the business might want to take over because of the cross-functional implications or risks. These categories might also have very unique workflows and processes that require unique designs compared to the other categories.

In today's episode, our guest, Sudhir Bhojwani and Yuan Tung discusses the best practices for managing unmanaged spend. They also discuss the disconnect between procurement and business and the scope of procurement. Finally, they describe where ORO labs fit in the enterprise architecture and how it compares with other workflow automation tools, P2P, CLM, etc.

For more information on growth strategies for SMBs using ERP and digital transformation, visit our community at wbs.rocks or elevatiq.com. To ensure that you never miss an episode of the WBS podcast, subscribe on your favorite podcasting platform.