The pharmaceutical company leveraged expertise in its business units to tackle risk and drive supplier performance
Jack Torrance
Insights Manager
Joined 2020
Jack is responsible for capturing member success stories and sharing them with the wider community for collective progression. A former business journalist at the Daily Telegraph, his main procurement interests are in sustainability, risk and talent development.
Latest
How CPOs are approaching the future of category management
"I don’t believe category management is dead. But it is going to evolve." CPO, pharmaceutical company For a long time, category management and procurement were almost synonymous with one another....
Schneider Electric’s approach to working with innovative startups
The energy and engineering company has simplified its startup management processes to help leverage the innovation power of new partners.
Five important intellectual property considerations for supplier-enabled innovation teams
Securing IP rights helps to not only protect the ownership of developed solutions, it also allows them to be commercialised. Here are the key considerations for innovation teams
Five things we learned about supplier diversity at Innovation in: Positive Growth
A variety of leaders have revealed how they have translated positive intent into positive action in terms of improving the diversity of their supply chains
How CPOs are responding to evolving priorities in SRM
Procurement Leaders gathered its CPO community to discuss their efforts to transform supplier relationship management.
Alcoa’s approach to supplier sustainability due diligence
The global vertically integrated aluminum company works with third parties to pre-screen suppliers for sustainability risks, continuously monitor their performance and identify areas where they can drive improvements
How CPOs are energising their leaders one year into the pandemic
PL’s latest CPO Connect call heard how procurement chiefs are looking after their teams’ wellbeing and leading by example
The Metropolitan Museum of Art’s approach to building a procurement function
The New York-based art museum’s CPO built a new team, sourcing process and internal engagement plan from the ground up
How procurement is plugging into the innovative power of startups
New entrants offer an opportunity to trial emerging technologies flexibly and at a low cost.
Why a digital skills hub could help you overcome capability shortages
Pooling digital talent across functions can be more cost-effective and build a supportive environment in which specialists can thrive
Bank of America’s approach to graduate talent development
The US-based financial services giant puts graduate hires through a two-year rotational programme to expose them to a wide variety of roles and embed them within the procurement function.
Rolls-Royce’s approach to change management for digital projects
The aerospace engineering giant uses behavioural science principles to ensure that new digital tools are adopted by staff members.
How CPOs are leveraging technological advances to upgrade their functions
During the latest CPO Connect call, leaders shared their approach to leveraging procurement technologu and working with startups
Five inspiring examples of digital transformation in procurement
Find out how leading procurement teams have been driving efficiency and generating value by leveraging new technology
Three procurement teams driving sustainability through innovation
Procurement’s focus on sustainability continues to grow. Even amid the economic uncertainty following the coronavirus pandemic, pressure from customers, investors and regulators continues to drive...
How procurement is driving sustainovation in the supply chain
PL gathered its CPO community to discuss how they are driving sustainability with innovation.
Sydney Water’s approach to supplier performance management KPIs
The Australian utility provider devised a new system of KPIs and modifiers to incentivise good behaviour and streamline the scoring process.
Four emerging risks to prepare for post-Covid
The pandemic has spurred procurement to shape up its risk management efforts but sustainability, cyber threats and new regulations pose a challenge as well
Turkcell’s approach to using digital signatures to boost sustainability and efficiency
The telecoms company has cut emissions and saved hundreds of thousands of sheets of paper by replacing pen and ink contracts.