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New digital tools shaping the future of procurement

New digital tools shaping the future of procurement

KPMG Finland organized a second well-attended Procurement Breakfast event in May. During the event procurement experts presented the main disruptors that are shaping the future of procurement and how different organizations are dealing with these changes to stay relevant.

Berndt Wickholm

Advisory Director, GSG

KPMG Suomi

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Tomas Otterström and Berndt Wickholm hosted the Procurement seminar in Helsinki in May.

Procurement seminar Tomas Otterström Berndt Wickholm

Creating value through digital services, developing responsible sourcing practices and managing supplier risk are on the rise. 

KPMG Finland organized a second well-attended Procurement Breakfast event in May. During the event procurement experts presented the main disruptors that are shaping the future of procurement and how different organizations are dealing with these changes to stay relevant.

One major challenge these days is digitalizing procurement. Martin Molnberg, from KPMG Norway, has helped several organizations in the Nordics navigate through complex procurement transformations.

During the event, Molberg presented KPMG Powered Procurement Methodology, an approach based on leading practices enabling speed to value and certainty of business transformation outcome across cloud solution implementations. 

BI tools for better spend management

This approach has been used to implement Coupa (a leading P2P e-Procurement solution) at one of the largest telecommunication companies in the Nordics. Some highlights of the implementation included:

a- On-time delivery – Pilot and global core design delivered on plan and budget within 30 weeks; 

b- Cost and efficiency – From 0% to 60% touchless invoicing; 

c- Spend under Management – More than 30% increase in pre-approved spend after go-live with Coupa.

In organizations that are only starting to embark on the digital journey, KPMG Finland has supported assessing their level of digital maturity and recommending a sustainable path for development. This can include introducing better digital tools for spend management or digital category rooms. 

KPMG has a history of developing several Power BI tools to manage spend for clients in the Nordics. Furthermore, through our proven Procurement 365 Digital concept and tool we have helped clients building digital category rooms to manage category strategy.  

Sustainability in supply chains

Another major challenge for Procurement is ensuring sustainability in the supply chain such that supplier performance as regards environmental, social and governance matters is in line with procurement principles and key stakeholder expectations.

As climate change has become increasingly important, data on supplier CO2 emissions is in increasing demand. In response to this challenge, KPMG Finland has developed AIRBICS. This tool utilizes AI (artificial intelligence) to collect data on CO2 emissions from suppliers and other named third parties for supporting you to estimates the impact of suppliers on your own company carbon footprint.

The tool has been developed in cooperation with a globally operating industrial company with some 20 000 suppliers and is now available to other KPMG clients.

 

More information:

Berndt Wickholm, Advisory Director, GSG

040 596 4575

berndt.wickholm@kpmg.fi

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