There will always be things procurement does not know. Even if all of the data in the world were magically made available, there would be quality issues and analytics challenges to overcome. Data has to be validated - at scale - before the business can be confident making decisions based upon it. 

In this episode, Philip Ideson is joined by Florin Tufan, Co-Founder and CEO of Veridion. Florin was recognized by the 2020 Romania Forbes 30 under 30 program for his willingness to take on the entrepreneurial risk associated with tackling the problem of firmographic data on an enterprise scale.

During this conversation, Philip and Florin discuss:

• Why a company’s age impacts the data quality challenges they are likely to face through layers of legacy systems
• What firmographics are and why procurement should be investing in them
• The role that AI needs to play for robust firmographics data to be made actionable quickly and at scale

Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday morning at 6am US Eastern Time.

Presented by a member of the Art of Procurement team, each episode has 6 short segments that summarize the week in procurement.

Segments range from procurement tips to podcast summaries, from details of events to news or overviews of blog posts that capture our attention.

According to research conducted by CADDi, 28.1 percent of procurement professionals know what should-cost analysis is, but only 4.6 percent use it. Given the critical importance of efficient direct material sourcing to manufacturing companies, these numbers justify further investigation.

In this episode, Kelly Barner is joined by Yushiro Kato, Co-Founder and CEO of CADDi. He is an advocate for should-cost analysis based on his first hand experience leveraging it as an effective cost reduction strategy and also for its potential to serve as a catalyst for collaboration with key suppliers.

Yushiro and Kelly take this opportunity to discuss:

• Why there is an understanding gap around should-cost analysis
• How accurate should-cost analysis needs to be in order to be actionable
• What it looks like to conduct a collaborative should-cost analysis exercise with suppliers, and what results such an effort can deliver

Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday morning at 6am US Eastern Time.

Presented by a member of the Art of Procurement team, each episode has 6 short segments that summarize the week in procurement.

Segments range from procurement tips to podcast summaries, from details of events to news or overviews of blog posts that capture our attention.

Years of supply chain disruptions have caused global organizations to rethink the role of procurement - and procurement teams are doing some reflecting of their own. This is the time for procurement leaders to reexamine their operating model in preparation for the next potential crisis. 

In this episode, based on an AOP Live session, Art of Procurement’s Philip Ideson and Kelly Barner are joined by Jake Taylor, Senior Director of Advisory at ProcureAbility. He provides his view on how leading procurement organizations are realigning themselves with the business and reinforcing that alignment with their operating model. 

Jake answers questions on topics such as:

• The pros and cons of various procurement operating models
• Change management considerations that will put operating model adjustments into context
• Actionable insights that will help you make purposeful changes to your procurement operating model

Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday morning at 6am US Eastern Time.

Presented by a member of the Art of Procurement team, each episode has 6 short segments that summarize the week in procurement.

Segments range from procurement tips to podcast summaries, from details of events to news or overviews of blog posts that capture our attention.

Procurement teams are tasked with moving the ball on so many ‘important’ projects in parallel that it can be hard to put them in priority order. In fact, procurement could ask five executives which effort - cost savings, risk mitigation, or ESG - is the most important to the company and get five different answers. Clearly, building a mechanism to decide is the right place to start.

In this episode, Philip Ideson is joined by Chris Riley, a Principal in Supply Chain and Procurement at Deloitte Consulting based in Perth, Australia. Chris has experience in a variety of procurement roles in the UK, Singapore, and Australia, with companies such as Ford, Cap Gemini, Lloyds Banking Group, and Rio Tinto. 

During the conversation, Chris and Phil have the opportunity to discuss:

• Where procurement should go next, after the elevated role they have taken on over the last couple of years in response to supply and cost pressures
• How portfolio management and leadership strategies based on operational excellence can drive significant short and long-term improvements in procurement performance
• The role procurement can take on to support the corporate desire to spend with a social conscience

Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday morning at 6am US Eastern Time.

Presented by a member of the Art of Procurement team, each episode has 6 short segments that summarize the week in procurement.

Segments range from procurement tips to podcast summaries, from details of events to news or overviews of blog posts that capture our attention.

Effective today, Art of Procurement has a new brand: an uploaded logo, look, and feel that align with our vision for procurement and the expanded content and events that are available to the AOP community.

This rebrand comes after eight years of gradual shifts. Starting with the launch of the podcast in 2015, Art of Procurement has grown to become the leading source of trusted, actionable insights for forward-thinking procurement leaders.

In this bonus episode, Partners Philip Ideson and Kelly Barner explain the intent and process behind this change:

• How our rebrand goes beyond just sporting a ‘new look’
• The need for procurement advocacy across the executive suite
• How this brand update aligns with our larger mission to 10X the impact of procurement

Supplier.io recently analyzed $1.4 trillion in spend looking for supplier diversity benchmarks that can be used to identify top performers and aid the advance of these programs regardless of maturity, size, or industry.

In this episode, drawn from an AOP Live session, Philip Ideson and Kelly Barner are joined by Aylin Basom, CEO of Supplier.io, and Lois Eichacker, their Vice President of Customer Success. They share the findings of the 2023 Supplier Diversity Benchmarking Report and discuss the importance of having an accurate, reliable, and consistent way to measure supplier diversity program results. 

Listen to this interview to discover:

• Why actionable data and benchmarks are critical to advancing the mission of the supplier diversity movement
• What the data reveals when small supplier spend and diverse supplier spend are studied separately
• The role industry plays in determining relevant supplier diversity benchmarks