My guest on the Art of Procurement this week is Lara Nichols. Lara is the Head of Procurement for insurance company NFP Corp, and is also leading the conference organizing committee for ISM2017, the largest procurement related conference of the year.
Prior to NFP, Lara enjoyed roles of increasing responsibility across Fortune 100 organizations such as Wachovia (now Wells Fargo), Tyco and Merck.
Our conversation today is broadly split into three different parts. Lara shares her experiences switching the comfortable surroundings of a Fortune 100 procurement organization for a mid-market firm in procurement start-up mode.
We then discuss the impact that the current anti-globalization political environment is impacting her procurement strategies, with an increased focus on risk mitigation.
Finally, we talk conferences. What does it take to plan a conference with the depth and breadth of ISM2017, and what, as an attendee, can you do to maximize your experience.
Today I am joined on the Art of Procurement by Jim Butler, the Chief Procurement Officer (CPO) for my home State of California
Prior to joining the State of California, Jim enjoyed a successful career as the CPO for Levi Strauss, and held a number of senior procurement leadership positions with Dell Computer.
In today’s conversation, I wanted to learn about the leadership role that the State of California is taking in building sustainability into its supply chain, and in providing opportunities for small and local businesses.
Sustainability is often a topic we talk about in procurement, but I think it is fair to say that best practices are not widely implemented. Jim shares some of his experiences in California, along with the added dimensions – which create both opportunities and challenges – of doing so within a public body.
Brian Bancroft, the Vice President of Direct Procurement at The Coca-Cola Company joins me today as my guest on the Art of Procurement.
The diversity of our conversation today matches the depth and breadth of Brian’s career. Brian has enjoyed multiple VP of Procurement and CPO roles at companies such as Kellogg's and Coca-Cola covering both Direct and Indirect spend, while also having P&L and operational responsibility for other business segments.
Listen in to hear Brian’s perspective on a wide range of topics, from how to be successful moving between Indirect and Direct procurement, why global sourcing strategies are often setting buyers up for failure, and how working with procurement as a stakeholder shaped Brian’s approach as a CPO.
Today, Kelly Barner (Buyers Meeting Point) and I announced that we have founded a new entity to meet the strategic needs of forward-thinking procurement leaders. Palambridge brings procurement experts, technology, and intelligence together and makes them available on demand via a virtual platform.
In this bonus podcast, I go beyond the press releases to share more details on the Palambridge journey, our ecosystem, the reason behind the name, and much more!
After we ran The Procurement Revolution in 2016, we wanted to create a lasting force for change. After much discussion and consideration, Kelly and I realized that nothing held more value than the network of experts and partners we built in preparation for the event - and that became the foundation for Palambridge.
Palambridge is the culmination of a 15-year journey working across the procurement and outsourcing value chain, as a buyer, client and service provider, and the delivery model is one that I first mapped out many years ago.
As a procurement leader, I was always frustrated that my ability to access the subject matter expertise that I needed to solve difficult problems was directly related to my ability - or lack of - to make long term investments in hiring, consultants, contractors or outsourcing firms. Palambridge solves this problem, by taking advantage of the platform economy. Our model is built to seamlessly deliver procurement solutions that bring together the best of the best under an on-demand, subscription based, commercial model.
What does this mean for the Art of Procurement?
I am excited about what today’s announcement means for the Art of Procurement. Log on today and you will see a new site design with upgraded search capabilities. But that is just the start. I launched the Art of Procurement as a way of giving the procurement profession a voice, a way for us to work collectively to increase our impact on the organizations we serve. However, my ability to grow and expand the site has always been limited by my own bandwidth.
In addition to co-founding Palambridge, I am honored that Kelly will be joining me on the Editorial team of Art of Procurement as we seek to build and grow a multi-format procurement insights platform. Stay tuned for more information!
How does the role of procurement differ in a mission driven organization? Today on the Art of Procurement, I explore how procurement can help save lives with Brian Kyle, Managing Director of Strategic Sourcing and Contract Management at the American Cancer Society.
Kyle shares his experiences of moving from a profit-driven to mission-driven organization, and the journey that American Cancer Society has taken to elevate the role of procurement from a sourcing to category management led organization - at zero incremental cost.