Navigating Challenges of Spend Visibility & Implementing Solutions in 2024

Data visibility can reshape procurement and supply chain management.
In this episode, hosts Scott W. Luton and Allison Giddens are joined by Ashley Greuel and Jeff Gillmer from OMNIA Partners to explore the critical importance of spend visibility for business leaders navigating the complexities of 2024.
Tune in for practical insights on leveraging data integration and automation to minimize manual errors and maximize organizational impact. Learn about the strategic role of group purchasing organizations (GPOs) in complementing procurement efforts and uncovering cost-saving opportunities, especially for smaller businesses. With a blend of expert advice, future trends in AI and machine learning, and lighthearted banter, this episode provides actionable steps and encourages a community-driven approach to embracing technological advancements in the supply chain sector. This engaging conversation not only highlights current challenges but also offers a roadmap for aligning teams toward common goals and thriving amidst global uncertainties.
Jump into the conversation:
00:00 Spend visibility challenges and solutions
10:16 Why visibility is key to strategic supply chain transformation
13:56 Facing challenges in recognizing limitations and seeking outside expertise
16:16 How data scientists help companies organize and strategize data for business
23:19 Supply chain and technology integration
27:26 Improve suppliers, analyze spend, shift to strategy
29:53 Emphasizing the importance of alignment, communication and trust
35:40 How AI will lead to real-time spend analytics and predictive insights
38:41 Control data spend visibility for organizational success
Resources:
Become an OMNIA Partners Member: www.omniapartners.com/get-sta...
Check out this OMNIA Partners Case Study: bit.ly/3VYliBa
OMNIA Partners Playbook 2: Spend Visibility: From Analysis to Action (2024)- bit.ly/3LdMgyS
Connect with Ashley: / ashley-greuel-3924575
Connect with Jeff: / jeff-gillmer-678a199
Learn more about OMNIA Partners: www.OMNIApartners.com/
Connect with Allison: www.linkedin.com/in/allisongi...
Connect with Scott: / scottwindonluton
Learn more about Supply Chain Now: supplychainnow.com
Subscribe to Supply Chain Now: supplychainnow.com/join
Check out Supply Chain Now’s NEW Media Kit: bit.ly/3XH6OVk
WEBINAR- Automation ROI: Solving the Top 3 Operational Challenges: bit.ly/3VvxTvs
WEBINAR- Strategies for Aligning Business Planning with Supply Chain Design: bit.ly/3XvRHk7
WEBINAR- Taming Logistics Complexity: How Logistics Leaders Can Optimize Operations with Emerging Technology; bit.ly/3XBbf6y
This episode is hosted by Scott Luton and Allison Giddens. For additional information, please visit our dedicated show page at: supplychainnow.com/navigating...