Organizations have had to “react and respond” by immediately pivoting and adapting to fast-changing government advice and regulations, as well as navigating to a “new normal” of greater supplier risk management and more agile investment decision-making. One of the most remarkable aspects of the Covid crisis is seeing how communities have come together to face the situation. How does the pandemic affect how companies view and work with suppliers and their spend management?
Welcome to view or review a session where Ulrik Lolk, Head of Indirect Procurement at Salling Group and John Callan, Sr. Director, Product & Segment Marketing at Coupa EMEA share their insights into how to increase insight and control over spend in turbulent times.
How is Business Spend Management Impacted by Pandemic?
Coupa have collected some key aspects affecting spend management during 2020 and the pandemic. Do you agree?
Increased focus on risk mitigation
– Availability is more important than price
– Increased supplier vetting including requirements for supplier transparency and reliability
Heightened attention to payment terms
– Suppliers demanding full day’s production be paid up front not upon receipt of goods
– Increased restrictions on approved fund limits
Suppliers showing interest in innovative funding alternatives
Agility to source alternate suppliers
– Supply chain disruptions due to government/regulatory impact
– China’s shut down of all exports of PPE from all but 10 factories is driving demand for alternate sources
On demand session with Salling Group & Coupa
Below (by clicking the image) or >>here you can view or review the webinar. Learning from hands on experienced and possible advice from two knowledgeable professionals.
During this session you will learn more about:
- How business spend management has evolved and has been impacted by the pandemic
- How to know what projects to prioritize in times of uncertainty
- Follow Salling Group’s journey to Business Spend Management from selection and implementation to results
The Salling Group case background
Salling Group is Denmarks’s largest retailer with several brick & mortar and e-commerce formats. Growing the past 110 years as new formats and countries came along.
Learn how Salling Group navigate through the “new normal” with different spending trends and 12 weeks inventory. How they remain agile with fast changing regulations and critical management reporting.
Salling Group had no central solution with maverick buying, by phone orders and internal orders and store supplies in SAP. Their to-be including a controlled process from vendor selection and contract management through to financial analysis and tracking of performance across the entire P2P process.
Moving from AS IS to TO BE
What is your desired outcome? Below are some of the considerations Salling Group did – what would be yours?
Key changes between the AS-IS and TO-BE processes:
- Controlled and structured vendor selection and contract mgmt.
- All orders are placed – using “one system only” – across all formats and BUs
- Tracking of orders and invoices – available for both users and external vendors
- Approval flows are incorporated in the process – depending on the situation it will either be automatic or manual
- Manual registration in the system of all external deliveries – payment depends on registration
- Automated invoicing and payment flow – when invoice matches order and payment criteria
- Financial analysis and tracking of performance across the entire P2P process
Take a look at the session and compare with your current and desired spend management and supplier collaboration vision!
About Salling Group
Over 53,000 employees. Denmark’s most diverse workplace. Stores, web shops, coffee bars, restaurants and a variety of unique and well-known brands. Spread over four countries. All to make everyday life better. We are Salling Group.sallinggroup.com
Salling Group’s history stretches back more than 100 years to 1906. Over the years, the company has developed dramatically, and what began as a small draper’s shop in Aarhus is today an international retailing group.
Highlights from the Salling Group history
Ferdinand Salling opens his draper’s shop in Aarhus
The first Salling department store opens
Ferdinand Salling dies and his son Herman Salling takes over the company
føtex, Denmark’s first supermarket, opens its doors in Aarhus
Landets første hypermarked, Bilka i Tilst ved Aarhus, åbner
The first Netto store opens in Copenhagen
Netto expands abroad with stores in the United Kingdom and Germany
Herman Salling dies after more than 60 years in the business
The Salling Foundations complete the reacquistion of shares and thereby acquire 100% ownership of Dansk Supermarked Group
Dansk Supermarked Group changes its name to Salling Group
About Coupa Software
Coupa Software is the leading provider of BSM solutions. We offer a comprehensive, cloud-based BSM platform that has connected hundreds of organizations with more than four million suppliers globally. Our platform provides greater visibility into and control over how companies spend money. Using our platform, businesses are able to achieve real, measurable value and savings that drive their profitability. Learn more at www.coupa.com. Read more on the Coupa Blog or follow @Coupa on Twitter.