As functions continue to get to grips with ChatGPT, leaders discuss their early successes with the technology – and the risks they are wary of
Tim Burt
Customer Insights Manager
Joined 2011
Tim joined Procurement Leaders product team in 2011 after a three-year stint in political research. As a writer, deputy editor and editor of the Procurement Leaders magazine, he has interviewed some of the leading thinkers within the function and written extensively on risk management, sustainability and supplier management as well as a number of the trends that are shaping the function IN the 21st century. Now customer insights manager, his role is to bring the procurement community to life by showcasing the projects and initiatives that are driving the function forward.
Latest
From decoupling to derisking: CPOs reveal their China strategies
With businesses questioning both their exposure to – and reliance on – China-based suppliers, CPOs discussed the options they are exploring
The evolution of procurement value propositions
Procurement value propositions have matured considerably in recent years, demonstrating the journey that the function has been on and its importance to today’s businesses
Electrolux’s Mirela Boldu on managing risk through education and collaboration
Strong processes, information sharing and cross-collaboration help to shape the electronics giant’s approach to risk
Thriving through the polycrisis age
While many CPOs feel their teams are doing well, leaders recognise they must keep developing new initiatives to ensure their continuing success
DuPont’s Miguel Gonzalez: ‘Take your procurement hat off, think business’
Deep relationships and a strong strategic focus have been critical in times of crisis, CPO Miguel Gonzalez says
Managing risks, priorities and talent: Nestlé’s approach to the polycrisis
Nestlé is leveraging its experience of managing a host of different risks to navigate the polycrisis, explains CPO Patricia Stroup
IBM’s Bob Murphy: ‘I would define procurement as the catalyst to get things done’
The IBM CPO reveals how his team’s efforts to scout new suppliers, collaborate both internally and externally, as well as work in a more agile manner are paying off
Identifying – and filling – procurement’s capability gaps
Storytelling and data analytics are two vital skills missing from the procurement team, say CPOs. This is how they are looking to find and bring those capabilities in
Attracting, retaining and developing talent in a candidate’s market
Ensuring the function has the skills it needs to succeed – by hiring, keeping and developing talent – is one of procurement’s biggest challenges, but leaders are taking a number of steps to tackle this issue
The importance of communication, taking one step at a time and shared values
Takeaways from Procurement Leaders’ recent strategy cohort calls
Planning your way through a period of unprecedented demand uncertainty
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
How procurement is fuelling the fires of business growth
As procurement matures and gets involved in new areas of the business, CPOs are finding new avenues for the function to deliver top-line growth
How to increase the speed of innovation
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
Overcoming the obstacles that limit buyers’ ability to trace supply chains
With tracing supply chains a perennial problem for procurement teams, the community came together to find some solutions to critical challenges
Setting up an SEI initiative: Seven steps to ensure success
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
Building future operating models that enable greater collaboration
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
How procurement is measuring and driving down Scope 3 emissions
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
The evolution of supplier segmentation for innovation
While SEI teams are using traditional segmentation models to find innovative suppliers, they are also looking to enhance these to include new suppliers
How procurement is facing down the threat of inflation and scarcity
While procurement functions have faced inflationary pressures and shortages for some time, they are deploying a range of tactics to safeguard their organisations