Procurable SpendTotal procurable spend: $2.1BTotal addressable spend in scope: $1.7BTotal % of spend under management: 84.5%% Enabled Spend Invoiced via Ariba vs. Oracle: Monthly Ariba invoice amount processed as a percentage of total Oracle invoice amount processed
All new Contracts are Sourced, Contracted, Invoiced and Paid in AribaProcurement team engaged early and helps Sourcing to design contracts so that they fit well with Contract ComplianceProcurement is engaged by using workflow and tasks so when Sourcing creates a CW, Procurement is notified so Sourcing doesn’t have to remember to engage Procurement
Ongoing Process for Capturing Existing Contracts we discover or catching previously onboarded contracts that have invoices going around the system
What Metrics We Track and Why they Are ImportantCycle Time What is it: Time Contract Enters Contract Room (has been executed) and time C is published. Important Because: Speed. We want to make sure suppliers can invoice as soon after the contract is signed and executed as possibleProductionWhat is it: Number of new Cs created in a month and number of Change Orders executed in a monthImportant Because: Need to be able to track production per FTE and gauge volume coming in vs. volume going outQualityWhat is it: % of Contract Requests (CRs) submitted for publishing that are denied in Quality Control checkImportant Because: Want to make sure team is continuing to improve with time and be more accurate in CRs submitted (ultimately impacts cycle time)