• Latest
  • Trending
  • All
Medibank Centers on Spend Analytics with SAP Ariba

Medibank Centers on Spend Analytics with SAP Ariba

November 21, 2019

Global Strategic Sourcing Software Market 2017-2026| SAP Ariba, Coupa, Scout RFP, Zycus, Procurify – Galus Australis

April 16, 2020
Weakest link in supply chain threatens car industry revival

Weakest link in supply chain threatens car industry revival

April 16, 2020
New case reported at Lexington LEX2 warehouse

New case reported at Lexington LEX2 warehouse

April 15, 2020
These inventory trackers will notify you when hard-to-find items are back in stock

These inventory trackers will notify you when hard-to-find items are back in stock

April 15, 2020

Last Mile Delivery Market Analysis, Revenue, Share, Growth Rate & Forecast To 2025

April 15, 2020
Antonov An-225 Mriya: world’s largest cargo plane, history, details

Antonov An-225 Mriya: world’s largest cargo plane, history, details

April 15, 2020
Coronavirus | Punjab all set for wheat procurement within lockdown norms

Coronavirus | Punjab all set for wheat procurement within lockdown norms

April 14, 2020
Copperstate Farms Launches International Cannabis Brand DNA Genetics in Arizona Market

Copperstate Farms Launches International Cannabis Brand DNA Genetics in Arizona Market

April 14, 2020
Mzee Moi’s Ksh10B Gift to Gideon

Mzee Moi’s Ksh10B Gift to Gideon

April 14, 2020
Covid Knights: Corporate social purpose in the time of COVID-19

Covid Knights: Corporate social purpose in the time of COVID-19

April 14, 2020
How Tesla And BMW Are Leading A Supply Chain Renaissance With Blockchain

How Tesla And BMW Are Leading A Supply Chain Renaissance With Blockchain

April 14, 2020
Last Mile Delivery Market Worth Observing Growth | UPS, FedEx, SF Express

Last Mile Delivery Market Worth Observing Growth | UPS, FedEx, SF Express

April 14, 2020
  • Supply Chain
  • Logistics
  • Warehousing
  • Procurement
  • Shipping
  • More
    • Strategic Sourcing
    • Spend Analysis
    • Inventory
    • Contact Us
No Result
View All Result
United States International Supply Chain Commission
United States International Supply Chain Commission
Home Strategic Sourcing

Medibank Centers on Spend Analytics with SAP Ariba

by usiscc
November 21, 2019
in Strategic Sourcing
0
Medibank Centers on Spend Analytics with SAP Ariba
492
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

The spend analytics market size is expected to grow from USD
1.33 Billion in 2017 to USD 3.01 Billion by 2022 according to Markets and
Markets, a market research firm that provides quantified B2B research.

Medibank continues to pursue its IT transformation by expanding the use of SAP Ariba on improving spend analytics and one-off sourcing as shared by Medibank’s Head of Procurement Operations Elaine Doheny during the SAP Ariba Live in Sydney held earlier in September. 

Medibank has undergone an enterprise resource planning (ERP) transformation leveraging SAP’s S4/HANA for finance, Ariba for procurement and SuccessFactors for HR/payroll through Project Springboard, which has brought Ariba into the Medibank ecosystem.

Doheny shared that the insurer’s Chief Procurement Officer David Fittler led the company’s move to Ariba. Fittler has been with the company since 2016. 

 “We had a new CPO join, David Fittler, and he asked for a contract expiry list, and there were crickets – silence – for weeks,” said Doheny

This made them realise that the organisation didn’t have any
central storage or repository for contracts. She added:

 “We had no system for any procurement transactions at all, and all of our invoices were sent to … a generic mailbox with “pay this urgently please”: no cost centre, no approver, nothing. So we’ve been on a rapid, wonderful journey [to change that] over the last three years.”

Doheny said the business case for Ariba was rooted in
“governance, transparency and visibility” of Medibank’s spending. She explained
that it was about understanding their users and the products they are buying. 

 “Now, we are really proud to say that we’ve got 90 percent of our spend linked to contracts. We are comfortably and confidently able to say that we’ve 95 percent of the payment to our suppliers on time, and for us, that drives productivity because now our suppliers want to work with us. They’re not chasing us for payment. They trust us,” she exclaimed.

The Medibank Procurement Operations head also shared that it has
recently reviewed its original three-year roadmap with three key horizons with
SAP Ariba. She explained:

“The first was to stabilise what we had implemented, the second was to transform and get the value from what we had gone through, and the last phase was actually to optimise and continually improve and grow from there.”

The Medibank executive further stated that bringing external
intelligence to match with [internal] data is part of the company’s
optimization efforts. The initiative aims to influence budget holders to
strategise about their spend anticipating the possible market disruptors.

Medibank’s Ariba Outlook

Medibank is looking into Ariba Spend Visibility and Ariba Spot Buy to utilise soon.

Ariba Spend Visibility, a cloud- based spend analytics tool
provides the foundation for procurement organizations to make informed sourcing
decisions to improve ROI. The solution can be used in negotiating better supply
contracts and identifying instances of “leakage” or of “Maverick spend”.

Ariba Spot Buy, a custom B2B marketplace that provides a simple,
trusted, and controlled way to find and buy from approved suppliers, benefits
both the suppliers and the buyers. It also benefits the suppliers by providing
a sales channel to boost sales to existing customers, generate new sales, and
gain additional market share. 

According to Doheny, Medibank had achieved a level of maturity in its implementation and use of Ariba. She shared that the key for Medibank to see positive movement in its operational numbers came from a mindset shift.

From implementation projects wherein the company went through a
period of hypercare, the period immediately following system launch, to
recognising Ariba as a partner and enabler. She expressed:

“I think you know that the technology that you bring into your organization is an enabler, it will help you, but it’s not the answer, and you really need the people behind the technology and in your team to start owning it and own the process, the intelligence and what they bring to it.”

Doheny added:

“So for us, switching out of that mindset and moving into
operational excellence was a key turning point. And I think that’s when we
started seeing our metrics move as well.”

Share197Tweet123Share49
usiscc

usiscc

  • Trending
  • Comments
  • Latest

Global Strategic Sourcing Software Market 2017-2026| SAP Ariba, Coupa, Scout RFP, Zycus, Procurify – Galus Australis

April 16, 2020
Antonov An-225 Mriya: world’s largest cargo plane, history, details

Antonov An-225 Mriya: world’s largest cargo plane, history, details

April 15, 2020
3 keys to mitigating severe supply shortages from coronavirus disruption

3 keys to mitigating severe supply shortages from coronavirus disruption

March 18, 2020

Global Strategic Sourcing Software Market 2017-2026| SAP Ariba, Coupa, Scout RFP, Zycus, Procurify – Galus Australis

0
Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024 – ZMR News Reports

Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024 – ZMR News Reports

0
PHOTOS: Ottawa firefighters respond to warehouse fire

PHOTOS: Ottawa firefighters respond to warehouse fire

0

Global Strategic Sourcing Software Market 2017-2026| SAP Ariba, Coupa, Scout RFP, Zycus, Procurify – Galus Australis

April 16, 2020
Weakest link in supply chain threatens car industry revival

Weakest link in supply chain threatens car industry revival

April 16, 2020
New case reported at Lexington LEX2 warehouse

New case reported at Lexington LEX2 warehouse

April 15, 2020
  • Privacy Policy
  • Terms of Use
  • Disclaimer
  • DMCA
  • Contact Us

Copyright © 2020 usiscc.org.

No Result
View All Result
  • Supply Chain
  • Logistics
  • Warehousing
  • Procurement
  • Shipping
  • More
    • Strategic Sourcing
    • Spend Analysis
    • Inventory
    • Contact Us

Copyright © 2020 usiscc.org.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.