January Dinner Meeting
* Pre-Dinner: TBD
* Dinner: Procure to Pay and Category Management
Date(s): January 11, 2018
Time: 5:15 PM EST - 8:30 PM EST
Crown Plaza Valley Forge 260 Mall Boulevard King of Prussia, PA 19406
Registration: 5:15 p.m.
Pre-Dinner: 5:30-6:30 p.m.
Dinner & Meeting: 6:30-8:30 p.m.
Members - FREE
Student Members - $15
Academic Members - $30
Non-Members - $55
Procure to Pay and Category Management - The How, When, What, and Where
Procure-to-Pay (purchase to pay or P2P) is the process of obtaining and managing the raw materials needed for manufacturing a product or providing a service. It involves the transactional flow of data that is sent to a supplier as well as the data that surrounds the fulfillment of the actual order and payment for the product or service. According to the Chartered Institute of Purchasing and Supply, procure to pay should be a seamless process from point of order to payment.
The goal of procure-to-pay is to introduce buying and efficiency controls throughout the supply management cycle.
Organizations facing constant change and competitive forces are looking for ways to balance strategic initiatives with government mandates, global competition, and market consolidation.
One of their best weapons is the supply management area responsible for commodities, supply base management, and supply chain uninterrupted flow.
Our dinner presentation further explores the definition, evolution, benefits, challenges, implementation, and management of the procure-to-pay concept and provides tools for supply managers to successfully blend these processes.
The procure-to-pay process, strategic sourcing, and commodity management can have a significant positive impact on each other and the organization.
Six results of a successful procure-to-pay initiative include lower cost of goods, better spend management, streamlined financial processes, payment discounts, enhanced collaboration, reduced overhead.
Our dinner presentation explores the win-win relationship between procure-to-pay and commodity management and discusses many additional positive results and commodity best practices that attendees can take back to the workplace.
Marilyn Gettinger, C.P.M., CSCP
Owner, New Directions Consulting Group
About the Speaker:
Marilyn Gettinger owns and manages the consulting firm, New Directions Consulting Group. Marilyn created the organization in 1993 with the mission to assist companies in making the most of their precious resources. She designs customized training programs and consulting services to support organizations that must change to meet the demands of the 21st century. Her workshops present theory and then relate that theory to meeting the challenges of the organization. Participants are encouraged to take on intra-company projects that address upgrading and reengineering of existing business and manufacturing processes. Her consulting services offer a team approach to streamlining existing processes using all of the skills and experiences of staff members. She has consulted with organizations to improve purchasing, inventory, and supply chain processes.
NEW DIRECTIONS CONSULTING GROUP works with organizations both in the service and manufacturing sector. The client base includes medical institutions, pharmaceutical, medical device, food, and cosmetic manufacturers, mold manufacturers, warehouse and distribution companies. The firm has developed workshops for companies with as few as thirty employees to large multi-national corporations. Class participants may include direct labor personnel all the way to top executives. Ms. Gettinger is program coordinator and instructor for the Middlesex County College Institutes and the Wired Grant program Supply Chain certificate programs and chair and instructor for the Project Management Certificate program at Union County College. She taught the Institute for Supply Management Certificate preparation courses at both Union County College and also on site at company locations. She has been a presenter at the Institute for Supply Management International Conferences in 1998 through 2010. She has presented workshops at the American Production and Inventory Control Society’s International Conference in 2000, 2002, and 2003 and 2009. Marilyn has also presented several workshops throughout the country for local and regional affiliates, groups, and forums of ISM on Benchmarking, Supply Chain Management, Supplier Evaluation, Best Practices, and Strategic Sourcing. She recently facilitated an online course for the Institute for Supply Management and led a Satellite Seminars on inventory and finance. She teaches International Trade and Importing at Baruch University. She presents courses in all areas of supply chain management and is an active instructor for the federal government LINCS program and the Talent Development Center preparing students to pass the Council for Supply Chain Management ScPro test. She is also teaching the APICS Certified Supply Chain Professional test preparation program.
Marilyn helps promote other businesses through her involvement at both Bergen Community College and Kean University’s Small Business Development Center’s small business workshops. She holds a C.P.M and a CPSM and has completed several master level courses, and is certified in Materials Management from Bloomfield College.
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