A little while ago, I attended a roundtable event in London hosted by Business in the Community after Procurement Leaders was asked by the charity to support a new initiative it is promoting called The Access Pledge.
It doesn’t take long at a procurement conference in Asia before the subject of talent raises its head, and so it was in Singapore at the latest Procurement Leaders conference where Luc Broussaud delivered the first presentation of the day, ‘Successfully attracting & retaining the talent pool’.
Do you know what your suppliers think of you? The temptation is to assume that because a supplier is benefiting from your business, then it must think very highly of you indeed. These lofty thoughts are magnified as the value of contracts increase.
It’s a common question – what role does procurement have in merger & acquisition activity? Of course, this will differ depending on the company, the profile of the procurement function and, to some extent, the type of deal being considered.
In 2008, Marc Engel was appointed CPO of Unilever, taking over one of the biggest roles in procurement following stints running one of the company’s ice cream businesses in South America as MD; and, later, the supply chain for its European spreads and olive oil business.
In early June, a consortium of Warren Buffett’s Berkshire Hathaway and private-equity firm 3G completed the $28bn acquisition of US food-giant Heinz, in a move that was roundly supported by market watchers and investors. But what about employees of the 150-year-old business?
I have spoken to many procurement executives over the years who claim their CFOs don’t understand the ‘value’ of procurement. The problem is, they insist, that their finance colleagues are only interested in talking about savings and not about value.
At the 2013 Procurement Leaders Awards dinner in May, John Paterson, IBM CPO and winner of our inaugural Lifetime Achievement Award, told the audience that procurement must become relevant to the wider business in order to be truly successful.
Sigaria accepts no responsibility for advice or information contained on this site although every effort is made to ensure its accuracy. Users are advised to seek independent advice from qualified persons before acting upon any such information.