Adapting to Change: The Power of Business Agility
This SAP Concur blog post emphasizes the importance of business agility and introduces the seven core principles of the Scaled Agile Framework (SAFe). It states that agility enables companies to seize new opportunities, adapt to challenges, innovate, and improve efficiency. In spend management, agile strategies include renegotiating contracts, strategic sourcing, collaborative sourcing, supplier compliance, supply chain resilience, and more. The article also provides key metrics for measuring agility.
Impact and considerations
Provides a framework for business agility to navigate market changes and optimize spend management.
Key points
- Business agility enables companies to seize opportunities, adapt to challenges, and improve efficiency.
- The SAFe framework provides seven core principles to support agility.
- Agile spend management strategies include renegotiating contracts, strategic sourcing, etc.
- Key metrics for measuring agility include expense report cycle time, supplier compliance, etc.
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 4 Jun 2024, 18:03
- Page published
- 14 Aug 2026, 08:14
- Last updated
- 4 Jun 2024, 18:03
- Original links
- SAP Concur Blog：Adapting to Change: The Power of Business Agility (opens in a new tab)Primary source · en · Published 4 Jun 2024, 18:03