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How to get ROI on Digital Transformation – Oliver Jones from Procure4

How to get ROI on Digital Transformation – Oliver Jones from Procure4

FromThe Procurement Software Podcast


How to get ROI on Digital Transformation – Oliver Jones from Procure4

FromThe Procurement Software Podcast

ratings:
Length:
34 minutes
Released:
Jun 26, 2024
Format:
Podcast episode

Description

This week on The Procurement Software Podcast, host James Meads brings on guest Oliver Jones from Procure4, a UK-based procurement consultancy known for their focus on the mid-market and being solution agnostic.

Oliver shares insights and tips for effective procurement tech implementation, offering a unique perspective on the process.

Tune in to gain valuable knowledge on driving successful technology adoption in procurement.
How to get ROI on digital procurement transformation
In this episode, Oliver underscores the importance of communication and managing expectations during procurement technology implementation. He emphasises clear initial communication about the necessity for automation to improve supply performance, transparency, and visibility, aiding smoother stakeholder onboarding.

Oliver advocates for a phased, wave-based approach, promoting agility and continuous improvement through feedback. He highlights the need for diverse training formats like quick reference guides, drop-in sessions, and interactive workshops to boost user adoption.

Proper data management, including data cleansing and taxonomy creation, ensures accurate reporting and informed decision-making. The hypercare phase involves live usage, immediate assistance, and ongoing support, fostering continuous learning and proficiency. Establishing governance structures and appointing super users enhances this process.

Overall, the episode highlights key strategies for effective procurement technology implementation, driving long-term value and stakeholder buy-in.
Timestamps:
[00:01:54] Procure4's Approach and Market Perspective
[00:05:26] Defining ROI in procurement tech.
[00:08:33] Building stakeholder relationships for success.
[00:11:58] Lazy approach to technology implementation.
[00:14:20] Commercial illiteracy in procurement.
[00:19:50] Potential banana skins during implementation.
[00:23:44] Data's role in process improvement.
[00:26:13] Ensuring good post-implementation practices.
[00:27:37] Utilising hypercare for software launch.
[00:32:09] Favourite guilty pleasure.

And that wraps up another episode of The Procurement Software Podcast!

Thanks to Oliver for sharing his insights with us today, and thank you again for listening. We'll be back at the same time next week, so see you there.

If you want to learn more about Oliver, Procure4, or Procurement Software, check out the useful links below.
Stay in touch!

Connect with Oliver Jones on LinkedIn
Check out Procure4
Sign up for the Procurement Software Newsletter
Book an Intro Call and let’s talk all things Digital Procurement!
Connect with James on LinkedIn
Follow Procurement Software’s LinkedIn Page
Released:
Jun 26, 2024
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/