This report introduces Intake Management and Procurement Process Orchestration solutions and provides tangible strategies and recommendations on how to leverage these solutions to increase procurement’s influence and credibility, expand stakeholder engagement, and drive greater value.
The pressure on procurement teams to find more savings in the face of inflation, a higher cost of capital, and increased global trade uncertainty, has forced CPOs to find ways to make a greater impact in highly agile and scalable ways. Intake Management and Procurement Process Orchestration (“IM&PPO”) solutions, an innovative new entrant in the “ProcureTech” landscape, provides a relatively straightforward approach to do just that.
Intake Management (“IM”) is the process of receiving, categorizing, and prioritizing procurement requests, serving as the initial point of contact for business stakeholders seeking to procure goods or services. These systems rely on standardized, intuitive, and highly usable interfaces designed to simplify and streamline procurement process engagement. Its technology counterpart, Procurement Process Orchestration, is the broader strategy of managing and coordinating the entire procurement lifecycle, from Source-to-Pay (more appropriately called the “Intake-to- Pay” process going forward) and beyond. PPO involves automating workflows, integrating systems, and ensuring compliance with procurement policies and procedures. The combination of both capabilities within a single solution can help procurement teams improve operations and overall results by influencing more spend and driving better performance. Additionally, by providing a superior experience for procurement stakeholders, IM&PPO solutions increase the likelihood of more and better engagement from this group in the future.
