Takeaways from Procurement Leaders’ recent strategy cohort calls
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Takeaways from Procurement Leaders’ recent strategy cohort calls
The Covid-19 pandemic added to all the geopolitical uncertainties have conspired to create the perfect conditions for a period of near unpredictable demand and supply. Procurement chiefs are finding new ways to try and manage this
The maturity of procurement and their involvement in new areas of the business is seeing CPOs increasingly find new avenues for the function to deliver top-line growth
The SEIC community came together to find ways to overcome the impact of competing priorities and traditional governance structures on the pace at which organisations deliver innovation
With tracing supply chains a perennial problem for procurement teams, the community came together to find some solutions to critical challenges
Although establishing an SEI programme can be complex, the team at E.ON has settled on a route that will set as supplier innovation programme up success
Procurement chiefs and heads of excellence are exploring ways in which they can evolve their structures to help their organisations deliver value and meet strategic objectives
Although measuring and tracking supply chain emissions is one of the most difficult challenges functions face, recent progress has been strong and CPOs plan to go further
While SEI teams are using traditional segmentation models to find innovative suppliers, they are also looking to enhance these to include new suppliers
While procurement functions have faced inflationary pressures and shortages for some time, they are deploying a range of tactics to safeguard their organisations
Procurement chiefs are finding ways to navigate uncertain and choppy waters while plotting a course that will enable their organisations to grow
In 2022, SEI teams will be focused on the ways in which they can help their organisations to deliver at pace
Innovation managers are crucial to the success of any supplier-enabled innovation programme, as they are crucial to establishing an environment that fosters collaboration and creativity
Tracking the progress and success of a supplier-enabled innovation programme is absolutely critical if teams are to bring new solutions to market. While the team at J&J already had metrics in place they set up a project to benchmark those and ensure they were best-in-class
In a fast-paced and quickly evolving market, the procurement team at Danone launched a project aimed at delivering growth through deeper supplier collaboration
It is vital for SEI teams to be considered a customer of choice so they can secure the most innovative ideas for the business and build strong relationships with suppliers
In order to drive out new innovations through the supply base the team at German lighting solutions business Osram knew that they had to become customer of choice.
The procurement team at LVMH Wines and Spirits knew that the supply chain could be both a source of revenue and collaboration. All they needed to do was connect the dots.
Preparation for supplier-enabled innovation takes the form of setting out goals and objectives, securing the support of senior leaders across the business and understanding the landscape in which SEI is being developed
Procurement chiefs are working closely with suppliers to reduce emissions and meet corporate sustainability goals. On this CPO Connect Call, leaders explained how they are accomplishing these aims