Savings and Risk: The Rise of Analytics for Procurement
The rise of analytics continues to be one of the major trends in IT and business. Many organizations are looking to improve their analytical insights into corporate spend, sourcing, supplier profiling, scorecards and contract management activities. The goal is to save more, improve efficiency and monitor compliance through implementing innovative technology that provides procurement executives with actionable insights.
Today, it has become increasingly important to improve internal collaboration and make decisions that ultimately mitigate risk and impact the bottom line. It's essential to understand how to leverage myriad sources of data—commonly referred to as "Big Data" — as part of a procurement analytics strategy that has become a more significant trend.
During this hour session, learn how analytics is changing the role of the CPO from our panel of experts: Andrew Bartolini (Founding Partner - Ardent Partners), Lou Galczynski (Senior Manager - Endo Pharmaceuticals), and Bill DeMartino (SVP, Corporate Strategy - Determine). You'll see how the rise of analytics has impacted procurement organizations today and in the future.
This 60-minute on-demand webinar covers:
- Applying business intelligence to increase savings and reduce risk
- Improving procurement processes and work-streams with self-service analytics
- Integration, usability and user support models that improve adoption
- Real life customer results and success stories from Endo Pharmaceuticals
- Thought leadership and research findings from Ardent Partners
Andrew Bartolini | Chief Research Officer, Ardent Partners
Mr. Bartolini is an expert in sourcing, procurement, accounts payable and supply management. His research helps enterprises develop and execute strategies to achieve operational excellence within their procurement and finance departments. He is also the publisher of CPO Rising (www.cporising.com) and has been featured in publications including The Wall Street Journal, Business Week, Investor’s Business Daily, Forbes, and Fortune. He has been named a “Pro to Know” by Supply and Demand Chain Executive three times.
Lou Galczynski | Senior Manager, Strategic Sourcing, Endo Pharmaceuticals
Lou Galczynski is the Senior Manager of Strategic Sourcing and Endo Pharmaceuticals and is currently leading their sourcing analytics strategy. Mr. Galczynski has delivered over $75 million in total cost savings throughout his career through expertise in planning, staffing, budgeting, and directing large-scale domestic purchasing and finance operations. He successfully spearheaded the development and implementation of a enterprise wide vendor management program, reducing supplier base and vendor acquisition costs. He was named a “Pro to Know” by Supply and Demand Chain Executive.
Bill DeMartino | SVP, Corporate Strategy, Determine, Inc.
Bill drives the Contract and Supply Management solutions go-to-market strategy and works with Determine's customers and prospects to aid in their transformation efforts. Prior to Determine he spent 12 years in the procurement solution space with IBM and Emptoris where he built his expertise in Analytics, Supplier Management, Risk and Compliance while acting across various disciplines including product management, services and marketing. Bill is a recognized Supply Management luminary including having been selected as a “Pro-to-Know” by Supply and Demand Chain.
Constantine Limberakis | Vice President of Product Marketing
As Director of Product Marketing at Determine, Mr. Limberakis is focused on strategic efforts for creating brand awareness and promoting new ideas around the evolution of contract and supply management. With over fifteen years of experience in the software and consulting industry, he's held various roles in sales, marketing, market research, and product development. He is a published writer and has been named a “Pro to Know” by Supply and Demand Chain Executive twice.
Determine, Inc. (NASDAQ: DTRM) is a leading global provider of SaaS Source to Pay and Enterprise Contract Lifecycle Management (ECLM) solutions. Our visionary technologies allow our customers to effectively manage the full scope of Source to Pay and ECLM using our Determine Cloud Platform. Our Source to Pay software suite includes strategic sourcing, supplier management, contract management and procure-to-pay applications.
The Determine Cloud Platform gives procurement, finance and legal professionals the ability to deliver profound insights through analysis of their supplier relationships and contractual requirements. Our customers leverage the Determine Cloud Platform to discover previously unseen supplier and spend data; make more informed and smarter business decisions; drive new revenue; control costs; improve workflow efficiencies; and mitigate risk.
Our customers benefit from the Determine Cloud Platform’s robust suite of integrated applications. Whether they start with a full-suite implementation or choose to implement just one application and build over time, each additional application allows for the automatic sharing of data already in place on the Determine Cloud Platform.