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Procurement and Finance Outlook Intelligence

EBG | Play: How do you digitize your sourcing strategy and operations?

May 7, 2019 By ebgnetwork

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Follow up from live webinar enabled by Basware

Digitizing all parts of doing business is on everybody’s lips. Yet it proves to be challenging for most. Why? During a webinar focusing on digitizing sourcing strategies and operations some clues were given.

How automated and digitized is your sourcing process?

  • 5% of the attendees use a full eSourcing cycle end to end..but
  • 43% manage suppliers and/or contracts electronically…yet
  • 36% of attendee sourcing operations are manual

Using the same definitions and having the same understanding is key if we are to be able to compare with each other. Below a Scanmarket and Basware definition over the full Source to pay cycle – in which they collaborate. Basware covering 6-8 (+1) and Scanmarket 1-5.

Source to Pay with Basware
Full Source to Pay Cycle
Full eSourcing cycle explanation

Highest priority sourcing objective?

As 41% (choosing the one highest sourcing objective) choose driving down supplier costs – another 32% chose increasing visibility and control to be the highest priority.

Recorded session on demand

Take a look at the on demand webinar where Cathrine Engman at Basware share why they enable a session focusing on eSourcing and eAuctions. Further, Dan Gianfreda at Scanmarket give an excellent overview over digitizing sourcing strategies and operations and what that could mean. Following this link you get access to the recorded session.

Click the image to access the on demand recording

What is stopping you from becoming more digitized and automated?

So – what is stopping companies from becoming more digitized and automated (suggesting that that could lead to increased visibility and control and lowered supplier costs).

  • 41% stated other priorities come first (consider for a while what sourcing and procurement professionals spend their most time on)
  • 34% lack senior management buy-in
  • 32% do not see eSourcing and eAuctions as enough value bringing
  • 24% mentioned internal resistance
  • 12% mentioned lack of budget

In summary it could be argued that since 36% have manual sourcing operations and only 5% a full eSourcing cycle there is a clear room for improvement. Driving down costs and increasing visibility are the highest priorities and believing digitizing and automating would increase at least visibility, one could wonder what other priorities come first.

Poll results in images

How automated and digitized is your sourcing process? (multiple options)
What is your highest priority sourcing objective? (choose one)
What is stopping you from becoming more digitized and automated? (multiple options)
Describe your eAuction usage (multiple options)

Welcome to join us another time – all who register to join live sessions also receive the slides which are usually quite valuable to view.


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Anna & Lars are partners in business and life. Together we run EBG bringing together peers and experts in an informal yet to the point way.

Anna Bjarkerud

Anna Bjarkerud

anna@ebgnetwork.com +46 735819302

Anna & Lars are partners in business and life. Together we run EBG bringing together peers and experts in an informal yet to the point way.

Lars Bjarkerud

Lars Bjarkerud

lars@ebgnetwork.com +46733500343

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CPO Outlook 2023 | October 18th & 19th | Stockholm

Having enabled true networking among peers and experts since 2010 it was evident that EBG | Network fill a gap when we finally could meet again in person in 2022.

In 2023 we meet again in Stockholm on October 18th & 19th. Are you a practitioner and want to host round table discussions or a workshop? Based on the very simple question “What would You want to discuss and share experiences about with a peer group?” Contact EBG for a discussion

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EBG | Webinar: Obligation or Opportunity? The value of e-invoicing beyond compliance

With the continuous deployment of global e-invoicing regulations, businesses are facing a wave of mandated alterations to their current practices. France, Poland, Belgium, Germany, Spain, and Hungary are just some of the most recent countries under scrutiny to start making changes to prepare for these mandates. Even though many of these countries are already practicing […]

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