SORRY WE MISSED YOU AT THE AGILITY & TRANSFORMATION FORUM

Key takeaways from the agenda

Must read PL resource:

In-depth strategy report exploring procurement’s position within the wider business, including examples of how companies have improved business-procurement alignment

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Key takeaways:

  • Understand what success looks like to your board, your organization and your stakeholders, then design your function’s priorities around that understanding
  • Outline relevant stakeholder goals in each and every category strategy and determine actions for your category managers to take based on those goals
  • Develop your team’s relationship management skills to elevate the role the buyer to that of business partner

CPOs who report into chief supply chain officers see a greater correlation between their objectives and the business’s expectations than those who report into COOs, CFOs or CEOs
Procurement Leaders, 2018

Must read PL resource:

Deep-dive study of the obstacles preventing procurement functions from developing strategic category management

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Key takeaways:

  • Ask yourself: what does value mean to my organization and how can I become a champion of that value? You must start with the knowledge that your board wants to grow the business in a profitable and sustainable way
  • Know your business and your supply market to the extent you can determine with pinpoint accuracy the suppliers who will be able to help solve your business’ problems
  • Focus the work of your team on activities that add real value. If your people are spending most of their time managing purchase orders, contracts and savings targets, you are missing out on valuable activities

Almost one-quarter (24%) of the average category manager’s time is spent on tendering, which stops them from focusing on more strategic activities
Procurement Leaders, 2018

Must read PL resource:

Guide to: Developing a digital roadmap detailing the steps required to drive effective digital transformations

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Key takeaways:

  • Digitalization is an opportunity to upgrade technology, talent and processes. This can then act as a catalyst for a broader transformation
  • Position procurement as the interface between the business and the supply market. Ask: what does the business need? What's the solution? And what's the timeframe? Apply that thinking to your digital roadmap and select the tools that will meet those needs
  • Digitalization may have increased the choice of tools and suppliers available to you, but it has not necessarily changed what you want those tools to do

Although 70% of respondents believe data to be important or highly important to their organization’s decision-making process, only 39% say they use data successfully
Procurement Leaders, 2018

Plan Ahead and Join Us at an Upcoming Event

Data, Intelligence & Technology Forum

Optimising procurement's digital literacy


November 27-28, 2018 | London

Event themes include:

  • Solving the talent and technology conundrum
  • Leveraging the big data value chain
  • Designing a strategy that embraces a fail fast, win faster mindset
  • Capitalising on emerging technology
  • Aligning the function’s goals to the business’ digital strategy

Americas Procurement Congress

Power your digital future: Talent, Technology & Innovation


March 14-15, 2019 | Miami

Event themes include:

  • Ways to integrate emerging technologies into the function
  • Ways to approach regional issues such as fluctuating tariffs in a proactive yet reactive manner
  • How to set up your team for digital success through centers of excellence and agile teams
  • Ways to evolve your team’s skills, roles and responsibilities for the modern data and tech heavy world

Americas Procurement Awards

Celebrating Procurement Greatness in the Americas


March 15, 2019 | Miami

Award categories are:

  • The ConnXus Americas Supplier Diversity & Inclusion Award, Partnered by ConnXus
  • Americas Procurement Leader Award
  • Americas Talent & Development Award