“It's important for providers to understand it’s not just about providing technology, but a solution that actually drives value. They have a responsibility to ensure that the implementation and adoption go well because it has a long-term effect.” - Chris Sawchuk, Principal and Global Procurement Advisory Practice Leader at The Hackett Group

Evaluating P2P solution providers can be challenging, but it is critical for procurement to tailor how they assess and select their solutions to the specific needs and expectations of their stakeholders. Procurement should look for solution providers that fit into ongoing transformation initiatives and align with their organization’s maturity level while also relying on data-driven benchmarking to evaluate their best options.

Philip Ideson recently spoke with Andy Warzecha, Principal and Chief Market Intelligence Officer, Christopher Sawchuk, Principal and Global Procurement Advisory Practice Leader, and Rick Gardner, Director, from The Hackett Group. They discussed how procurement can implement The Hackett Value Matrix to create new opportunities for innovation and improvement.

In this conversation they address:

How to drive more cost savings and value for the organization
The impact of AI in the procurement solution space
How to increase adoption to achieve greater spend visibility
Procurement’s ability to generate value beyond savings

Links:

639: Separating AI Hype from Digital Procurement Value w/ Andy Warzecha, Christopher Sawchuk and Rick Gardner