If you want to learn from experiences digitizing a global procurement organization – learn from SKF. If you want to learn from experiences changing stakeholder mindset – learn from SKF. If you want to draw from experiences in how to use technology to help achieve the above – learn from SKF. In short – on October 8th you can both listen to and discuss with Kristin Ang, Group Purchasing Strategy & Business Transformation Manager at SKF. It takes great leaders and persistence to achieve what they are achieving! And Kristin is and have both. Thank you to SAP Ariba for enabling this session.
Sourcing Outlook 2020 will be an entirely online experience. As always, EBG is focusing on bringing great minds together. People who can draw from each others experiences. And we will keep you together as groups sharing the same challenges and opportunities should you want to. Take a look below and register today to not miss out!
How do you use data, machine learning and robots to help create instant and actionable insights?
Those following EBG | Network know we have followed the transformational procurement development at SKF for several years. Step by step. How they walk the walk.
Today, end users have been given online tools (dashboards) with data insights that are aggregated with several data sources in order to make better decision making. New regression algorithms have been developed in order to predict and enable quicker decision making and thus lead time reductions.
Flexible contract authoring have, together with a new way of measuring and tracking savings and projects, increased the user adoption and compliance. This alongside a high focus on user interfaces to make the user experience as positive as possible.
Machine learning is being used to equip end users with useful and reliable data, Robotic Process Automation is replacing manual processes in order to get speed, compliance and cost savings.
The aim: transactions should be as automatic as possible and business decisions should be guided by smart tools and insights.
”Implementing our key purchasing processes S2C and R2P in a cloud solution has given us control to act fast in changing environments (for instance corona) where we easily and fast could change the spend behavior and follow up the results in a detailed manner. Furthermore our structuralized approach has given us data that we have made available to all our end users so they can act quickly, update category strategies and control supplier base”state Kristin Ang, Group Purchasing Strategy & Business Transformation Director at SKF, who during this session will give you a walk through how they have achieved the above.
Learn more about:
- What does the step by step digitization approach look like taken by SKF?
- How do you decide what to automate, which processes to hand over to robots and when to ad machine learning an AI?
- Who are the people involved and what are the competence needed to achieve a digitized transformation?
- What smart tools can be used to enable faster and better decision making in the organization?
Following her keynote, Kristin and SAP Ariba invite you to a limited seats, on web camera Theme Discussion where the below will be covered:
How do you ensure a smooth transition to digitized and automated procurement?
Following the keynote, here you can ask questions to Kristin and SAP Ariba. Many are – or want to – embark on a more centralized and structured way of managing direct and indirect spend data. Making it easier for stakeholders to do informed decisions. Harnessing the power in supplier innovation. Automating and digitizing to make best use of talented people stuck in tactical work. Reduce cost and communicate savings opportunities. Often in global organizations with many different systems in place, de-centralized decision making and data all over the place.
Here you have an excellent opportunity to draw from both practitioner and technology insights.
- Have the pandemic created new situations in need to address with technology?
- How do you proceed digitizing procurement ensuring stakeholder engagement?
- What actions can you take tomorrow to evaluate how to make better use of data and technology?
Kristin began her journey at SKF in 2014 as Group Purchasing Manager Business Excellence. Today she is Group Purchasing Strategy & Business Transformation Director. Prior to working at SKF, Kristin worked at Nobel Biocare as Senior Global Procurement Manager, responsible for development and implementation of procurement sourcing strategies, processes and policies.
What started with the invention of the self-aligning bearing in 1907 has now evolved into something much more! Our products enable rotation. Machinery, cars, airplane engines, even household products – anywhere there are parts that rotate, our solutions can be found!
As the world moves swiftly into an age of digitalisation, so are we. With sensorised bearings, condition monitoring and connected factories – SKF offers exciting opportunities and challenges – whatever your area of expertise.SKF LinkedIn
This is SKF
Represented in more than 130 countries
Over 17,000 distributors
Around 103 manufacturing sites
Number of employees 2019 were 43,360
Net sales 2019 were SEK 86,013 million
About Sourcing Outlook
The year 2020 is nothing like anyone could ever (we dare say) imagine. What possibly could be the end have instead for many businesses been a catalyst for change. To re-consider ways of working, ways of collaborating and ways to markets. It has seemingly been a digitalization catalyst – pushing companies years ahead of schedule by mere necessity.
It is considering that a year filled with possibilities for insightful and curious professionals wanting to take their businesses to another level. Wanting to learn from others, sharing experiences and speaking to experts. Only you cannot do that physically – so how do you have informal experience exchange with people you don’t even know where to find?
This is the aim – always – or EBG | Network – and especially so in 2020. Bringing people together in an informal yet to the point setting that can help You and your business grow. If this is what you need you can register to join Sourcing Outlook on October 8th now, online where ever you are.