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
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
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
CPO priorities: Delivering growth, overcoming disruption and driving the ESG agenda in 2022
Procurement chiefs are finding ways to navigate uncertain and choppy waters while plotting a course that will enable their organisations to grow
SEI in 2022: The need to deliver speed
In 2022, SEI teams will be focused on the ways in which they can help their organisations to deliver at pace
SEI foundations: Allocating resources to supplier innovation
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
J&J’s approach to setting metrics for supplier-enabled innovation
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
Danone’s approach to delivering growth through game-changing innovations
In a fast-paced and quickly evolving market, the procurement team at Danone launched a project aimed at delivering growth through deeper supplier collaboration
SEI foundations: Becoming a customer of choice for supplier innovation
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
Osram’s approach to becoming customer of choice for innovative 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.
LVMH Wines and Spirits’ approach to reshaping the supplier ecosystem to drive out new revenue streams
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.