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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.
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Now displaying: Page 6
Jul 28, 2023

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.

Jul 24, 2023

“The pandemic made everything about value. I believe that all healthcare premises – along with insurance systems and the patients themselves – became much more focused on the concept of value.” 

Few industries faced the same level of challenge that healthcare did during the pandemic. Everyone from doctors, to support staff, to procurement was pushed to do their best on behalf of patients. As they cooperated to overcome these difficulties, each stakeholder group was changing a little bit - sometimes in ways that would alter their perspective on the experience forever. 

In this episode, Philip Ideson interviews Heba Farouk, Chief Supply Chain Officer for Saudi German Health and one of the first practitioner executives Art of Procurement has featured from the Middle East. She shares her firsthand experience with the operational and perception-based evolution of procurement and supply chain in the healthcare industry.

During the conversation, they discussed:

  • Heba’s experience as a supply chain leader in a hospital system during the COVID-19 pandemic
  • Subsequent changes to the role of procurement and supply chain within the patient care experience
  • How the definition of value has changed forever for doctors, patients, and procurement

 

Jul 21, 2023

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.

Jul 17, 2023

“To increase confidence within the C-suite, procurement must show it can work within the business to address internal risks and create value. Procurement teams need to meet their internal stakeholders where they are and break down the barriers that prevent them from achieving the best outcomes for the business.”

The global procurement landscape is rapidly evolving to better align with the strategic vision and mission of the organization. Business leaders value the impact that procurement teams can have in their organizations, and they’re especially pleased with procurement’s ability to tackle external risk. However, confidence wanes when they consider procurement’s ability to collaborate internally.

At SAP Sapphire 2023, Philip Ideson had the opportunity to speak with Baber Farooq, Senior Vice President and Head of Market Strategy for SAP Procurement Solutions. They discussed the findings of a new research study by Economist Impact: Decoding Confidence in the Procurement Function. The study surveyed 500 executives, including CFOs, COOs, CPOs, CSCOs, and CHROs in early 2023 and the resulting report explores how these executives perceive procurement’s performance today and how it needs to evolve for the future.

During the conversation they discussed:

  • Key priorities and challenges facing the procurement function today and tomorrow, and what is needed to optimize results
  • How senior leaders view procurement’s role in the enterprise
  • Ways procurement can prepare to meet challenges and trends such as supply chain disruption, rising costs, growing macroeconomic uncertainty, and increasing ESG expectations

 

Jul 14, 2023

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.

Jul 10, 2023

There are few categories of spend as large and operationally complex as construction. From different sourcing models, to right timelines, to a whole host of contractors and subcontractors to coordinate, procurement has to walk a fine line between being a roadblock and advocating for active spend management.

Neha Kumar has experience working for companies like Barclays, Bloomberg, Deutsche Bank and Sumitomo Mitsui Banking Corporation across the corporate services, facilities, and real estate categories. Most recently her focus has been on construction.

In this episode, Neha takes Philip Ideson on a journey through the peculiarities of construction procurement - the first time we have covered this category on the podcast! 

  • Understanding and deciding between the common models for construction sourcing
  • Why scheduling is just as important as price
  • How construction RFPs differ from other RFPs and the role they play in the sourcing and project management process

 

Jul 7, 2023

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.

Jul 3, 2023

In this week’s episode, we’re featuring a crossover from Dial P for Procurement - a show hosted by Kelly Barner every week on the Art of Procurement platform. 

Dial P for Procurement is for anyone with an appreciation for business storytelling who isn’t afraid to take a closer look at tough topics. It is also part of the LinkedIn Presents network, which features a limited number of shows hand-selected by LinkedIn to be a part of their own podcast programming.

This particular episode tells the true story of what happened when Kraft Heinz procurement ran afoul of the SEC by illegally securing and reporting on supplier cost savings. It led to significant turnover at the executive level - including the CEO - as well as the restatement of two years’ worth of financial statements.

Listen in and then subscribe to Dial P for Procurement wherever you listen to podcasts!

Links:

Listen to Dial P on Art of Procurement

Subscribe on Apple

Subscribe on Spotify

Subscribe on Google 

Subscribe to the Dial P for Procurement LinkedIn newsletter 

 

Jun 30, 2023

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.

Jun 26, 2023

According to 2022 research conducted by Economist Impact and commissioned by SAP, risk reduction is a top priority for corporate leadership. 

38 percent of C-suite executives view risk reduction as a way to deliver increased value through procurement. Do the other 62 percent recognize the role procurement plays in risk management?

In this episode based on an AOP Live session, Philip Ideson and Kelly Barner are joined by Gordon Donovan, Global Market Research Director, Procurement and External Workforce at SAP, and Matthew Montgomery, Solution Management Director, Supplier Lifecycle & Third Party Risk Management at SAP. 

They answered live audience questions about:

  • How C-suite executives view procurement’s role in managing risk        
  • Why procurement talent and skills shortages may be part of the risk management challenge 
  • How companies are leveraging supplier management technologies to address these challenges 

 

Jun 23, 2023

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.

Jun 19, 2023

The procurement talent space has been on a rollercoaster over the last couple of years. 

First the pandemic disrupted everything, then companies started making a grab for procurement talent - in many cases hiring people before meeting them. Demand and salaries shot up in parallel. Then, at the end of last year, economic headwinds led to a correction and hiring slowed. There have even been layoffs in some sectors.

Where does all of that leave the procurement talent market today?

In this episode, Philip Ideson is joined by Andrew Daley, Managing Director of Digital Procurement and Supply Chain at Edbury Daley and a returning guest. Edbury Daley is a specialist recruitment consultancy formed in 2005, and Andrew is one of the most well-connected procurement professionals in the UK. 

Andrew shares his up-to-the-moment perspective on:

  • What he has heard at recent conferences season about digital literacy for procurement professionals
  • Outlook and advice for provider-side procurement professionals who may recently have been impacted by company layoffs 
  • Why CPOs continue to consider procurement talent such a struggle, and why they are allowing training budgets to go unused in some cases

 

Jun 16, 2023

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.

Jun 11, 2023

The concept of a ‘business ecosystem’ has changed over time. In the early days, a business ecosystem would bring together enterprise technology and implementation partners, easing the transition and accelerating value realization.

Today, however, business ecosystems are far more expansive. They include both software and service partners that are able to support a company on its digital maturity journey.

At SAP Sapphire 2023, Philip Ideson had the opportunity to sit down with Claus Gruenewald, Global Head Partner Business SAP Intelligent Spend Solutions, and Conor Mullaney, Business Advisor, Sustainability, Procurement and Supply Chain Lead at excelerateds2p. 

In particular, they focused on the importance and accessibility of business ecosystems for mid-market companies:

  • The ability to accommodate the unique localized nature of a business that is geographically or functionally dispersed
  • Unique challenges and opportunities for procurement organizations in mid-market companies
  • How the business ecosystem makes it possible for companies to combine an enterprise solution that addresses 90 percent of their needs with partners who handle the rest

 

Jun 9, 2023

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.

Jun 5, 2023

Supply chain and procurement professionals are used to supporting informed decision making, but the last few years have been far from ordinary. Decisions are being made more frequently with less time to prepare, and each one has a far greater impact on business continuity and supplier relationships.

This is even more true for direct materials. Sophisticated supply chain models and mature procurement strategy have been put to the test - each time the team must cross the ‘decision abyss’ could make the difference between competitive advantage and operational disruption.

Keith Hartley is the CEO of LevaData and Lance Younger is the CEO of ProcureTech. They spoke at a live event co-created by Art of Procurement and LevaData earlier this year: Navigating the Decision Abyss: Managing Direct Spend in Chaotic Times.

In this session, moderated by Philip Ideson, they address:

  • What the decision abyss is and what it means to procurement, supply chain professionals, and category managers in today’s uncertain economic conditions
  • The level of urgency being experienced by today’s corporate leaders, and how each decision making team is converting that urgency into action
  • How LevaData is investigating the decision abyss to learn more about its causes and effects

 

Jun 2, 2023

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.

May 29, 2023

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

 

May 26, 2023

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.

May 22, 2023

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

 

May 19, 2023

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.

May 15, 2023

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

 

May 12, 2023

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.

May 8, 2023

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
May 5, 2023

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.

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