Art of Procurement

Art of Procurement

Learn from Procurement Experts. Host Philip Ideson talks with thought leaders who share the trends, strategies and tactics that you can lever to elevate the role of procurement - and your career.

Episodes

May 10, 2021 56 min

As digital transformation progresses, corporate leadership teams are increasing their focus on the quality and availability of data. Spend analysis is just one internal data resource in a sea of data ecosystems, but it has the potential to serve as the foundational connection point for all procurement analytics.

For this special series, Art of Procurement partnered with Sievo and Buyers Meeting Point to take a deep dive into procur...

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Marketing has always been a difficult category for procurement to bring under management. In the earliest days, it was placed beyond our scope, and more recently, the lack of alignment with the business around ‘value’ versus savings has created an impasse. As a result, marketing operations spend (including branded merchandise, print, and point of sale) have fallen victim to fragmentation, maverick spending, and underdeveloped categ...

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As digital transformation progresses, corporate leadership teams are increasing their focus on the quality and availability of data. Spend analysis is just one internal data resource in a sea of data ecosystems, but it has the potential to serve as the foundational connection point for all procurement analytics.

For this special series, Art of Procurement partnered with Sievo and Buyers Meeting Point to take a deep dive into procur...

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At Mastermind LIVE Spring 2021, Art of Procurement had the opportunity to bring together a visionary panel of procurement leaders to discuss the urgency of the present moment and what can and should be done to support corporate growth. The panel included: 

  • Adam Brown, Senior Manager of Procurement Transformation & Head of the Procurement Garage at BT
  • Amy Fong, Vice President, Sourcing and Vendor Management for Everest Group
  • Keith...
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    Procurement’s organizational structure is as important as the processes and technology they use. Their operational model has to position them to deliver what the company needs most - requirements that may not remain fixed. When the business needs something different from procurement, their structure will have to evolve as well.

    Robert Bonnar is currently the Global Procurement Director at SHV Energy, but he has worked in procuremen...

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    According to the Procurement 2021 Pulse Check by WNS Denali and ProcureCon Europe, only 9% of CPOs are satisfied with the current level of stakeholder alignment in their organization. 

    9%. In 2021.

    I was so surprised by that number that I decided to dedicate this episode of the podcast to it.

    In this podcast, we’ll explore the differences between what the alignment journey and the corresponding operating model changes mean for smal...

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    In today’s fast-paced world, imagery is just as important for communicating meaning as the words we use. That is why the Mastermind LIVE Spring logo includes a clock with its hands set at 5 minutes until midnight. 

    This is a moment for urgency - but not panic. The business world needs leaders, and the AOP team firmly believes that those leaders are currently in the ranks of the procurement profession. Stepping up to lead is a serio...

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    Profitability is more important than ever — and procurement leaders are more strategic than ever. Procurement is no longer just a cost center, a spender of money made by others in the enterprise. With the right tools and methodology, procurement can maximize every dollar of profit and discover every dollar of cost savings, positioning them to be critical drivers of the bottom line today - and into the future..

    Adam Brown is Head of...

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    Today’s podcast is part of a special two-week series, our second annual sponsored StartUp and Growth Series, where we aim to shine a light on the early stage and growth companies who are changing the way that leading procurement teams are driving outcomes that truly align with corporate objectives.

    We will ask an entrepreneur from seven different companies questions about what gap in the market their solution addresses, how they di...

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    Today’s podcast is part of a special two-week series, our second annual sponsored StartUp and Growth Series, where we aim to shine a light on the early stage and growth companies who are changing the way that leading procurement teams are driving outcomes that truly align with corporate objectives.

    We will ask an entrepreneur from seven different companies questions about what gap in the market their solution addresses, how they di...

    Share
    Mark as Played

    Today’s podcast is part of a special two-week series, our second annual sponsored StartUp and Growth Series, where we aim to shine a light on the early stage and growth companies who are changing the way that leading procurement teams are driving outcomes that truly align with corporate objectives.

    We will ask an entrepreneur from seven different companies questions about what gap in the market their solution addresses, how they di...

    Share
    Mark as Played

    Today’s podcast is part of a special two-week series, our second annual sponsored StartUp and Growth Series, where we aim to shine a light on the early stage and growth companies who are changing the way that leading procurement teams are driving outcomes that truly align with corporate objectives.

    We will ask an entrepreneur from seven different companies questions about what gap in the market their solution addresses, how they di...

    Share
    Mark as Played

    Today’s podcast is part of a special two-week series, our second annual sponsored StartUp and Growth Series, where we aim to shine a light on the early stage and growth companies who are changing the way that leading procurement teams are driving outcomes that truly align with corporate objectives.

    We will ask an entrepreneur from seven different companies questions about what gap in the market their solution addresses, how they di...

    Share
    Mark as Played

    Today’s podcast is part of a special two-week series, our second annual sponsored StartUp and Growth Series, where we aim to shine a light on the early stage and growth companies who are changing the way that leading procurement teams are driving outcomes that truly align with corporate objectives.

    We will ask an entrepreneur from seven different companies questions about what gap in the market their solution addresses, how they di...

    Share
    Mark as Played

    Today’s podcast is part of a special two-week series, our second annual sponsored StartUp and Growth Series, where we aim to shine a light on the early stage and growth companies who are changing the way that leading procurement teams are driving outcomes that truly align with corporate objectives.

    We will ask an entrepreneur from seven different companies questions about what gap in the market their solution addresses, how they di...

    Share
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    Good negotiation skills are fundamental to procurement. They allow us to maximize value while simultaneously building resilient, low-cost supply chains. But now that procurement is moving towards collaborative partnerships with our suppliers, many are concerned that reducing direct competitive pressure will inadvertently allow higher pricing.

    Cost transparency allows procurement to balance collaboration and negotiation. By focusing...

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    If you are relatively new to the field of procurement, there is a good chance you’ve never experienced an auction first-hand. With all of procurement’s focus on moving towards value and away from cost-only decision making, that’s understandable. Unfortunately, however, auctions are a valid tool in procurement’s vast toolbox, and in many cases we may be dismissing them - and their potential in a negotiation - without sufficient eval...

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    Traditionally, procurement has been focused on driving corporate profitability by putting pressure on suppliers, rationalizing specifications, and managing demand. While these strategies have delivered some benefits to the business, their diminishing returns came at the cost of procurement’s internal reputation. As procurement’s focus turns to top-line growth, they will have to change more than just their strategies and tactics bef...

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    The pandemic has caused a rethink of many past assumptions, from just in time inventory to offshored supply chains. Moving forward, leaders need to avoid jumping from one extreme to the other. Traditionally accepted priorities such as efficiency and cost containment suddenly must be assessed against the risk involved. Success will increasingly depend on how well organizations strike the optimal balance among such priorities.

    This p...

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    As organizations look beyond Covid-19, restoring growth is top of mind for many. Specific strategies vary by industry and company, but suppliers often play an integral role. This is especially true as organizations have become more dependent on the supply chain than ever before and their innovation is increasingly key to growth and success.

    This podcast is the second in a 4-part series focused on how procurement can contribute to e...

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