Through analysis of historical spend data SMBC ’ s procurement function and key stakeholders can identify :
• Savings opportunities
• Concentration / fragmentation of suppliers across businesses and / or spend categories
• Negotiations leveraged through aggregate purchasing power ( region , business , etc .)
What technology is SMBC utilising to optimise its procurement operations ? SMBC went through an extensive RFP process to assess several leading sourceto-pay technology solutions . “ We ultimately selected Coupa as our technology of choice , and I ’ m pleased to say that , looking back over the past year – and six implementations later – we made the right choice ,” says Wadsworth . “ Coupa is a Software-as-a-Service ( SaaS ) solution that is highly configurable and interoperable across various modules or source-to-pay functions . Aside from its robust functionality , Coupa provides an intuitive , user-friendly interface that is easy to navigate . Coupa also regularly enhances the product to stay ahead of customer needs and market developments ”.
SMBC ’ s centralised , strategic and value-driven procurement function Establishing a centralised procurement function allows SMBC to shift from a tactical transactional purchasing approach