IBM, GSK, and Source One Are Practicing Next-Generation Procurement

Released just last week, Hackett's 2019 CPO Agenda identifies digital transformation as an imperative. Introducing next-generation solutions, the report suggests, is essential if Procurement wants to evolve its service offering while continuing to drive down costs. 

CPOs are bullish on the potential benefits of new tools. 60% expect they'll make a "high" to "very high" impact within three years. Comparatively few, however, are currently realizing any sort of an impact. 

Procurement's Next Generation is Closer Than You Think

In their search for the next big thing, many organizations fail to recognize the potentially game-changing technologies that are already available to them. At next month's ExecIn Forum, experts from Source One, GlaxoSmithKline, and IBM will demonstrate some of tools they've employed to bring Procurement into a new era. 

Transformative Procurement Technologies You Can Implement Tomorrow will see Source One's Senior Data Scientist, James Patounas and VP of Operations, William Dorn showcase the Qlik Sense dashboard. In addition to exhibiting some of Qlik Sense's features, Dorn and Patounas plan to detail the ways it has empowered and enabled the Source One team. 

"Qlik Sense," Dorn remarks, "has made it possible for our team to turn 25 years of worth of data and market intelligence into actionable insights. It provides for more strategic, intelligent decision making and dramatically boosts our efficiency."

Dorn, Patounas, and the entire Source One team have long advocated for the value of a closer relationship between Procurement and Data Science teams. Qlik Sense, they suggest, has made it easier than ever to not only advocate, but demonstrate the power of data-driven Procurement. 

Patounas elaborates, "With real-time access to good data and the tools to derive insights from that data, Procurement is capable of taking the lead in transformative initiatives. Qlik is a perfect example of the tool that's robust enough to provide genuine insight and user-friendly enough for just about anyone to leverage."

Source One's analytics team will share the stage with IBM's Procurement Data and Analytics Officer, Marco Romano and GlaxoSmithKline's Global Category Lead for Digital and Tech Innovation, Jasdeep Sandhu. 

IBM's forays into new Procurement technology make headlines almost every day. From their work on predictive analytics to their series of blockchain-powered partnerships, they've continually stood at the vanguard of supply chain evolution. 

Romano has taken an active role in driving IBM's initiatives and Procurement's digital transformation as a whole. He'll discuss the work he's done to bring data scientists and Procurement professionals together as allies and demonstrate some of the solutions that have supported recent engagements. 

IBM's not the only organization that's turned blockchain's boundless promise into genuine results. During his portion of the presentation, Sandhu will describe the way this much-discussed technology has transformed GlaxoSmithKline.

Sandhu, this year's ISM Megawatt Rising Star, has established nearly a dozen blockchain pilots in his time with the British pharmaceutical giant. He also heads a think tank comprised of hundreds of thought leaders from throughout the organization. Together, they've established a new standard of visibility and produced more than 3 million euro in savings.

Think Procurement solutions are all hype and no substance? Think again.

Join Procurement Executives 

ISM2019 is less than two weeks away. Headed to Houston? You won't want to miss the ExecIn Forum. In addition to next-generation solutions, this exclusive two-day event will feature thought leadership discussions on topics like Procurement's talent gap, the value of empathetic leadership, and the changing shape of the CPO's role.

The ExecIn Forum is reserved for senior-level professionals from non-consulting organizations with more than $1.2 billion in revenue. If you qualify, reach out to Carole Boyle ( today to reserve your spot. 

Don't forget, all conference attendees are invited to visit Booth #438 to meet Source One's award-winning team and discuss their approach to elevating the Procurement function. 

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