While procurement functions have faced inflationary pressures and shortages for some time, they are deploying a range of tactics to safeguard their organisations
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
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
Osram’s approach to becoming customer of choice for innovative suppliers
German lighting solutions business Osram changed the way it works with internal and external stakeholders to become customer of choice for suppliers
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.
SEI foundations: Developing a strategic plan for SEI
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
How CPOs are working with suppliers to deliver on sustainability goals
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
Mondelēz International’s approach to building a startup engagement and development programme
Snacking giant Mondelēz International created an external innovation hub to engage with startup and develop new product offerings quicker than it had ever been able to do. This is the story of how the team built that approach
SEIC Insight Call: Corporate Entrepreneurship – Developing the mindset and processes to help your business make faster decisions
Lucia Chierchia, managing partner at GELLIFY and former head of the global innovation hub at Electrolux, details how you can become a corporate entrepreneur and help make decisions faster than ever
SEI foundations: Building a culture of SEI in the business
Building a culture of collaboration is critical to the success of any procurement-led supplier-enabled innovation initiative and encouraging an open environment that will underpin innovation
Uniper’s approach to crowdsourcing innovative solutions
The procurement team at German-based energy company, Uniper, turned to crowdsourcing to explore new agile methods and further create added value for the business
SEI foundations: Embedding supplier innovation in category management
As experts in their respective fields who possess an unparalleled understanding of their suppliers, turning to category managers is a proven way of strengthening innovation pipelines
SEI foundations: Identifying the innovation needs of the business
An SEI team that can identify the business’s innovation needs will be able to deliver the right solutions and, in turn, help the supplier innovation programme to grow and develop
Givaudan’s approach to building a strategic supplier partnership programme to drive out innovation
Swiss multinational manufacturer of taste & wellbeing and fragrance & beauty solutions launched its ‘Connect to Win’ programme to unlock innovative value from the supply chain and support the business to deliver its 2025 strategy
Actions CPOs are taking to deliver in an inflationary environment
With the supply shortages and inflation driving up the price of many goods and commodities, CPOs must find a balance if they are to deliver solutions that meet the current and future needs of the business