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WBSRocks: Business Growth with Enterprise Software and Digital Transformation
WBSRocks podcast features in-depth conversations on customer experience, digital transformation, supply chain, eCommerce, industry 4.0, and enterprise software categories such as CRM, ERP, or analytics suites. The purpose of the show is to help CFOs, COOs, CEOs, and business owners with their daily commercial, operational, or financial challenges by taking a deep dive into business cases and processes, technology strategy and architecture, transformation initiatives, and business models. The show also offers an independent analysis of technology trends, various enterprise software vendors and solutions, and their mergers and acquisitions. Subscribe today to stay on top of digital transformation trends!
WBSRocks: Business Growth with Enterprise Software and Digital Transformation
WBSP480: Grow Your Business by Learning the Best Practices for Managing Unmanaged Spend w/ Sudhir Bhojwani and Yuan Tung
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.