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WBSP327: Grow Your Business by Learning About the Procurement Maturity Model and Governance Framework w/ Anna McGovern

WBSP327: Grow Your Business by Learning About the Procurement Maturity Model and Governance Framework w/ Anna McGovern

FromWBSRocks: Business Growth with ERP and Digital Transformation


WBSP327: Grow Your Business by Learning About the Procurement Maturity Model and Governance Framework w/ Anna McGovern

FromWBSRocks: Business Growth with ERP and Digital Transformation

ratings:
Length:
46 minutes
Released:
Jun 6, 2022
Format:
Podcast episode

Description

While Sales and operations planning is the shared responsibility of both sales and operations. Sales typically have far more clout while procurement with very little to no say in it. And as a result, most SMB organizations end up stocking the inventory far more than they need. And this overstocking results in the locking of cash and profitability issues. This is especially common with SMBs that are smaller and don't have PE or VC investment with them. In today's episode, our guest, Anna McGovern, shares her insights into the procurement maturity model and governance framework. She also discusses the role KPIs play in setting the governance framework. Finally, she describes the ownership of various cross-functional responsibilities and how to ensure the accountability of supply chain KPIs. For more information on growth strategies for SMBs using ERP and digital transformation, visit our community at wbs.rocks or elevatiq.com. To ensure that you never miss an episode of the WBS podcast, subscribe on your favorite podcasting platform.
Released:
Jun 6, 2022
Format:
Podcast episode

Titles in the series (100)

WBSRocks podcast features in-depth conversations on ERP, digital transformation, manufacturing, supply chain, eCommerce, and industry 4.0. The purpose of the show is to help CFOs, COOs, CEOs, and business owners with their daily operational and financial growth challenges by taking a deep dive into business cases and processes, technology strategy and architecture, transformation initiatives, and business models. The show also offers an independent analysis of technology trends, various ERP vendors and solutions, and enterprise software mergers and acquisitions. Subscribe today to stay on top of digital transformation trends!