The Covid-19 pandemic has – and will continue to – influence how CPOs view risk management and the steps they are taking to protect the organisation
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
A lack of accountability risks hampering procurement’s sustainability efforts
Less than half of procurement functions list sustainability metrics among their KPIs – and just one-fifth of CPOs have remuneration-linked sustainability targets
Five lessons from Cargill’s dramatic procurement transformation
Cargill’s procurement team transformed the function’s structure, use of technology and approach to capability development. Here are five things the agribusiness learned on its journey
The procurement team of the future: The changing face of category roles
New demands from the wider enterprise and technological advancements are changing the focus and skills of category teams
MGM Resorts International’s approach to taking supplier diversity to the next level
The hospitality company has adopted a comprehensive approach to elevating the impact of its supplier diversity initiatives
Cargill’s approach to transforming the function for 2025
The global agribusiness giant has delivered a dramatic increase in procurement ROI by integrating its global procurement teams into one center-led function with strengthened processes, enhanced career opportunities, and collaboration at its core
A consumer goods manufacturer’s approach to supplier performance management
This company has created a standardised approach to measuring supplier performance across its global markets
UCB’s approach to measuring procurement sustainability progress
The biopharmaceutical company uses a maturity assessment covering 13 key criteria to measure the sustainability of its management, processes and behaviours
UCB’s approach to embedding a culture of sustainability in procurement
Challenge The importance of sustainability has been rapidly rising up corporate agendas in recent years and expanding in scope as well – going beyond environmental issues such as carbon emissions...
Six issues CPOs are focusing on for 2022
From sustainability to business alignment, and of course costs, here are the key areas procurement is planning to make progress on next year
How CPOs are dealing with geopolitical uncertainty
Amid rising tension, regulatory hurdles and the ongoing pandemic, procurement chiefs share the steps they are taking to mitigate risk.
The new tools that are enabling procurement teams to counter inflation
The impact of the Covid-19 crisis continues to be felt in the form of rising prices. CPOs are taking action to mitigate the risk of inflation and ensure supply continuity
A technology company’s approach to creating a dedicated supplier value team
The company created a team dedicated to supplier management, diversity and sustainability to elevate these initiatives and reduce pressure on its category teams
Swiss Re’s approach to conducting indirect supplier sustainability assessments
The reinsurance giant has been able to gather sustainability data on ~350 of its key suppliers, laying the foundation for future performance improvements
Leonardo’s approach to virtual bidding summits
The aerospace and defence company has managed to speed up and energise the tender process by bringing suppliers together for two-day virtual bidding events.
How procurement is taking supplier diversity to the next level
The Procurement Leaders CPO community shared their approaches to evolving supplier diversity.
Connecting the dots: Five procurement teams turning data into valuable insights
From fighting fraud to rooting out rogue spending, these procurement functions are using their data in new, valuable ways
A telecoms company’s approach to using AI for scenario planning
Challenge Being able to anticipate the likely actions of suppliers in response to a decision or request made by procurement can serve as a critical edge when carrying out negotiations. With that in...
How CPOs are instilling growth mindsets in their teams
“I'm a massive advocate of curiosity. The world is moving pretty quickly at the moment and If I can engender people to think about what’s going on, then that’s important for a growth mindset.” CPO,...
How CPOs are embracing the future of data-driven decision making
The PL community shares its approach to making the most of procurement’s data.