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Managing Project Spend – Tarmo Saidla from Procurement Flow

Managing Project Spend – Tarmo Saidla from Procurement Flow

FromThe Procurement Software Podcast


Managing Project Spend – Tarmo Saidla from Procurement Flow

FromThe Procurement Software Podcast

ratings:
Length:
22 minutes
Released:
Apr 1, 2020
Format:
Podcast episode

Description

Tarmo Saidla joins me from Procurement Flow, an Estonian startup focusing on:Making workflows more visible for procurement and requisitionersKeeping budgets under control for CFOsAllowing project managers to keep track in real time of what in the process their requisitions for materials and services are at.The classic "to do", "doing", "done" kanban interface of the tool allows buyers and stakeholders to collaborate on projects without the need for silos and email-based communication. Buyers on the same team can work on the same requisition or project without the need to be copied on emails or attend unnecessary project meetings.What's more, this tool doesn't require connectivity to an existing ERP system to get the key benefits from it.I discover how this simple, but effective tool helps especially with remote-based teams and with one-time purchase requirements for key projects such as capex.Eliminating maverick spend and early procurement involvement are major objectives to keep spend predictable and under control. Both of these are at the centre of what Procurement Flow facilitates.NOTE: My side I had an audio glitch (I'm still learning this whole podcasting thing...I'm human!) So, if you're wondering why my audio is a bit distorted, now you know. I hope it doesn't detract from the podcast!Using a Kanban Board for Buyers: How Procurement Flow makes remote working and project procurement easy0:45Is "Trello for Procurement" a fair description of Procurement Flow?1:48We discuss the fact that procurement is behind the curve vs. more progressive industry sectors (tech startups, for example) with regard to ditching email chains for managing workflows and tasks between team members.3:13How UX is behind everything in Procurement Flow's DNA.4:43Is it really possible to digitise within a day (as their website claims) by switching from an email based requisitioning system to using Procurement Flow?6:19Tarmo explains why he sees the biggest value of Procurement Flow as being to bring under control and give structure to the pre-PO part of the procurement process.7:30We explore the need for visibility of stakeholder requirements, as well as early procurement involvement, and how a user-friendly tool such as Procurement Flow can improve compliance by increasing the number of cases where procurement input happens before the last minute "I need a PO, can you negotiate this?"8:15How Procurement Flow can aid and facilitate collaboration, especially among remote working teams.9:32Tarmo explains 3 critical time-sucking activities in operational procurement, from sourcing through to PO placement, and how he is convinced that Procurement Flow solves all of these.11:53I ask how easy would it be to put together a business case for Procurement Flow if it doesn't drive any hard, P&L visible savings which can clearly be attributed to its use.14:41Who is Procurement Flow's typical ideal customer base?16:14How does Procurement Flow plan to grow, and what additional features are in the pipeline to keep improving the product?19:11To wrap up, I ask Tarmo which countries they are currently serving with their software.How can you contact Tarmo?Procurement Flow websiteTarmo's LinkedIn profileHow to connect with James:James Meads Consulting website
Released:
Apr 1, 2020
Format:
Podcast episode

Titles in the series (100)

Digital procurement technology, or "Procuretech", is a game changer. A key enabler and driver of rapid change in the profession. Want to find out how to significantly improve your operational efficiency and enable more to be done with fewer resources? This show is for Procurement, Purchasing, Supply Chain and Finance professionals, as well as C-Suite executives. We showcase all the best new software and bring you interviews with thought leaders and practitioners, to show you how technology can drive a competitive advantage. Show notes and further info available at: https://procurementsoftware.site/podcast Follow us on LinkedIn https://www.linkedin.com/company/procsoft Connect with me at: https://linkedin.com/in/james-meads/