Oath - A Procurement Perspective: Value Through Changes. SIGnature Seattle - Joaquin Rivamonte, Director, Strategic Sourcing May 16, 2018

Transcription

1 Oath - A Procurement Perspective: Value Through Changes SIGnature Seattle - Joaquin Rivamonte, Director, Strategic Sourcing May 16, 2018

2 What is Oath?

3 Overview Oath is a global media technology company and a dynamic house of brands people love. We reach one billion people around the globe across our house of brands. Only two other media technology companies can say the same. We build brands that inspire, entertain and inform the world, including HuffPost, Yahoo Sports, AOL, TechCrunch, Tumblr and Yahoo Finance. We re engineering the industry s most comprehensive ad technology stack to maximize the brand power of the world s best companies. An oath is a commitment. The name reflects who we are, what we stand for, and the promises we make to each other, our consumers and our partners. We are an all-star team of engineers, storytellers and strategists who are united by values and driven by the massive opportunity to build brands people love. We believe brands matter more than ever in the mobile age. Content is chaotic and technology always changes. The direct relationship people have with brands is meaningful and lasting. Our global house of brands includes some of the most beloved brands in the world. We create relevant and trustworthy content experiences covering everything that matters to our growing audiences, including news, sports, finance, tech, and entertainment/lifestyle. We help thousands of the world s leading advertisers and publishers build their brands through trusted content, trusted data and trusted scale. We re building the future of mobile media. We're consumer-first, creating powerful and trusted content and ad experiences delivered when, where and how they like it. With the unique distribution power of Verizon, we re reaching consumers on every screen using the latest technologies, from mobile, TV and OTT, to IoT and 5G. With our trajectory, we re creating a passionate global community of 2 billion people by 2020 with some of the best brands in the world. Oath Inc. All rights reserved

4 1B+ 2B consumers mobile devices 49 1B+ countries hours of video each year VDMS #1 financial global site Yahoo! Finance 168M monthly visitors Huffpost

5 How Did We Get Here?

6 Spin or Sell Verizon Highest Bid $4.83 Billion Auction Reverse Spin Spin Alibaba Pressure from Starboard Spin core assets Tax free spin 15% stake in Alibaba 2015 December 2015 Private vs. Public YP Holdings Quicken Loans Microsoft Verizon Bain Capital March 2016 July 2016

7 Change is the Only Constant

8 Transformation Journey People FY 2013 FY 2014/15 FY 2016/17/18 Tactical team Reactive Operations outsourced Sourcing siloed based on category and distinct management Regional insourcing of Procurement Operations Improved response time and customer experience Reorganization of Global Procurement Hiring key roles & build service culture Embedded team Local policies Lack of documentation Standardized SOW and PO templates Global Procurement & Payment Terms policies Vendor master remediation and ongoing maintenance plan implemented Standardize global processes & stabilize procurement operations $130M savings +200 deals/sourcing events per year negotiated by Global Procurement Incident management No backup automation Mobile app for finance approval (PR, T&E, access) Vendor Portal launched Purchase orders auto-mailed to suppliers Incident management Enhance tools and automate Process Tools

9 Present and Future

10 Oath Procurement Philosophy Enable Oath Business Success Mission Add Value Save Money People Be Recognized For Excellence Improve Customer Experience Be Trusted Partner Strategic Sourcing Operational Excellence Market Experts Premier Source of Market Insights Analytical, insightful and rigorous Strategic Supplier Engagement Improving the Customer Experience Simple and Clear Global Processes Intuitive Integrated Technology One Global Procurement Team Passionate, Fluent in Speaking the Value, Value Drivers of Change, Innovative

11 Tools End-to-End Current State Engage Workbench Supplier Response Scout Intake Form ServiceNow Procurement sends link to supplier Approvals Source Vendor ScoutRFP Upload to Oracle Global Authority Matrix Order Oracle Supplier Intake Requisition Payment Vendor Portal Oracle iprocure Oracle Training Invoice Procure to Pay Online Training SuccessFactors Oracle WebCenter

12 Consulting Model Deliverables Description Impact Proactive Procurement Engagement Revised competitive bidding threshold from $500,000 vs. $250,000 Category cards implementation Proactive procurement engagement Raise Procurement Awareness New procurement intranet Online procurement training Regular communications to users Improved understanding of procurement lifecycle and promote self-sufficient end-users Increase Automation PO below or equal $2,500 (or local foreign currency equivalent) automatically created with no intervention from buyer SOW Templates Standard Operating Procedures/Standard Work Instructions Increased automation by 35% by year-end and redeploy resources to higher impact projects Regional creation for fast processing Operations documentation to teach internal teams on what/if scenario Customer Service Monitor status Historical and tracking tool Time and compliance controls Operations SLA tracking in Anaplan ScoutRFP project tracking Intake form and ticket tracking Audit control improvement

13 The New Oath

14 The New: Oath What We Feel What You See

15 We deliver Consumers Audiences People Viewers Readers Brand Brandlovers Lovers

16

17 Thank you!