Embed Size (px)
DESCRIPTION
Prchus builds application to enable the strategic management of companies indirect spend from any device, anywhere. Using Big Data and advanced analytics Prchus provides the Insights, Actions, and Outcomes that Procurement needs to maximize and validate the value they provide across the entire organization.
Citation preview
Sean RoachFounder
Procurement in the Cloud
All contents of this presentation are the confidential property of Prchus Inc
Page 2April 13, 2023
Prchus applications leverage data and high-performance analytics to deliver maximum value through the strategic management of
indirect spend.
Proprietary & Confidential
Page 3April 13, 2023 Proprietary & Confidential
The sourcing of the goods & services that are consumed within a business.
Indirect Procurement is
Page 4April 13, 2023
Optimizing this could result in
Increase in Company Profit Margins
Based IBM CPO Survey 2013 and Procurian 2012 white paper You’re Missing The Point!
1-3%
Page 5April 13, 2023
If approached strategically
“Non-payroll (indirect) spend management should be handled with the same rigor as supply chain
management. Unfortunately, this is rarely the case.” The Hacket Group 2012
Page 6April 13, 2023
Internal clients are asking for this
“The current perception of the indirect procurement function is one of a tactical support function rather than a strategic
business partner.”Proxima/Nelson Hall 2012
Page 7April 13, 2023
But relevant knowledge is missing
“CPOs typically recognize a distinct lack of sufficient resources both to have market insights
and up-to-date market intelligence across all indirect categories.”Proxima/Nelson Hall 2012
Page 8April 13, 2023
Prchus is changing that
Cloud based, mobile enabled
Daily data updates, one-click refresh
Reduced production burden and errors
Prchus Market Intelligence
Page 9April 13, 2023
While providing a 5x ROI
Hours/month a Category Manager spends collecting Market Intelligence 16:
Average annual fully burdened cost of a US based Category Manager$102,000:
Annual cost of time spent on manual collection of Market Intelligence$9,792:
Annual Per Seat cost of
Prchus Market Intelligence$1,800:
Page 10April 13, 2023
Insights
Actions
Outcomes
Proprietary & Confidential
We are planning much more
Market IntelligenceCost/Spend DataSupplier ImpactsNews and Events
Social Data
Predictive AnalyticsProcess AutomationSuggested Actions
Should Cost ModelingScenario Planning
Savings RealizationMetrics Attainment
Quality Improvements
Cost Center Analysis
Page 11April 13, 2023
Team & Roles
Sean Roach, Founder
• Client Services Executive at Procurian
• IT Services Category Manager at Dell
• Director, Business Development at Calliduscloud
• Vanderbilt University, Economics
• John Hooks, Cloud2Ground Technologies: Data Science, Corporate Development
• Art Sarno, Consultant: Marketing and Technology Partnerships
• Matt Lyons, Andrews Kurth: Legal
• Doug Mangum, Wells Fargo: Banking
Consultants & Advisors
Partners
Page 12April 13, 2023
• Companies spend 20-30% of revenue on indirect goods and services.
• Only 15% of companies are considered “high-performing” in their management of this spend.
• Procurement lacks the knowledge required to be a strategic partner to business units
• Optimized indirect procurement can increase corporate profits by 1-3 percentage points
• Prchus leverages data and high-performance analytics to enable procurement to deliver this value.
Proprietary & Confidential
Key Takeaways
