Procurement Technology
Procurement technology revolutionises the way organisations manage their sourcing, purchasing, and supplier management processes. With advanced tools and platforms, it streamlines operations, enhances efficiency, and reduces costs by automating manual tasks and providing real-time data insights.
From e-procurement solutions to supplier relationship management software, procurement technology offers end-to-end visibility, improved collaboration, and strategic decision-making capabilities. It empowers procurement professionals to drive innovation, optimise the supply chain, and deliver value to their organisations.
Watch the Panel on Data Driven Decision Making with, Nick Riley of Vertice, Yali Sassoon of SnowPlow, Daniel Helmig of Credit Suisse and Jennifer Bisceglie of Interos
The Preferred Suppliers vs the Need for Supplier Diversity fireside discussion with William Kapfer of JP Morgan, Alex Maria of The Clear Company and Jon Arnott of Atkins
Supplier Diversity
Supplier diversity is a business strategy that promotes the inclusion and utilization of diverse suppliers in procurement practices. It aims to create opportunities for underrepresented groups, such as minority-owned, women-owned, and veteran-owned businesses. By diversifying the supply chain, organisations can drive innovation, foster economic growth, and enhance competitiveness.
Supplier diversity initiatives support equitable economic development, strengthen communities, and provide a platform for collaboration and social impact.
Strategic Sourcing
Strategic sourcing is a systematic approach to procurement that goes beyond simply finding suppliers and negotiating prices. It involves analysing the organisation's needs, identifying the best suppliers, and developing long-term relationships to optimise quality, cost, and delivery.
By adopting strategic sourcing practices, businesses can enhance efficiency, reduce risks, and drive value across the supply chain while aligning procurement goals with overall business objectives.
Watch Susan Spence, Vice President, Global Sourcing & Procurement at FedEx on sourcing and procurement transformation
Watch Alisa Bornstein, Chief Procurement Officer (CPO) at VISA Europe discuss 'Procurement Strategy: Managing Economic Downturn'
Procurement Strategy
Procurement strategy is a proactive approach to managing the acquisition of goods and services to meet an organisation's needs effectively. It involves setting goals, identifying supply sources, and establishing processes for sourcing, negotiation, and risk management.
A well-defined procurement strategy aligns with business objectives, maximises cost savings, enhances supplier relationships, and promotes operational efficiency. It ensures that the right products are procured at the right time, quality, and price to drive overall success.
Supply Chain Sustainability
It is now more important than ever to integrate sustainability and ESG guidelines into every stage of the supply chain. This involves not only citing an awareness and active approach to combating climate change, but also ensuring fair and ethical treatment of workers.
By prioritising these policies, organisations can effectively address issues relating to climate change, including resource consumption, mitigating risks and creating a more forward-thinking impact on the global environment.
Baringa's Maureen O'Shea took to the second stage to deliver a session on sustainable supply chains
Watch Mike Corbo, Chief Supply Chain Officer at Colgate Palmolive deliver a session on "Managing an Agile, Resilient Supply Chain Amid Disruption"
Supply Chain Risk & Resilience
Having risk and resilience within the supply chain means being able to minimise the impact of any disruptions. Operational risk and interruption can threaten multiple areas of the supply chain and ultimately business resiliency as a result.
Resilience is paramount within the supply chain as organisations must learn to improve their ability to recover and adapt to potential risks. This will benefit both the company and the consumer
Digital Supply Chain
Today’s manufacturing supply chains need agility and flexibility to keep up with rapidly evolving market conditions. Digital supply chains aim to integrate advanced technologies and digital solutions to help supply chains become more efficient.
In leveraging digital technologies and data analytics such as AI and the Internet of Things (IoT), organisations can reap benefits like real-time visibility, task automation, cost reduction and better customer satisfaction.
Watch Gary Levitan, Chief Procurement and Operations Officer at WeWork discuss "Procurement Digitization: When One Platform isn't Enough"
Watch The Digital Transformation Panel with, Sue Spence of FedEx, Gary Levitan of WeWork, Sheldon Mydat of Suppeco, Jim Townsend formally from Walgreens Boots Alliance
Supply Chain Transformation
Supply chain transformation refers to the strategic and systematic changes made to a company's supply chain processes, systems, and structures to achieve significant improvements in efficiency, agility, and responsiveness. It involves adopting innovative technologies, implementing new operating models, and reconfiguring supply chain networks to optimise performance, reduce costs, and enhance customer value.
Supply chain transformation aims to innovate and evolve the supply chain to meet changing customer demands, market dynamics, and competitive pressures.
Women in Procurement & Supply Chain
Women in procurement and supply chain highlights the valuable contributions of women professionals in these fields. It aims to promote gender equality, diversity, and inclusion within the procurement and supply chain industry. This initiative focuses on empowering women to excel in leadership positions, fostering mentorship and networking opportunities, and advocating for equal opportunities and recognition.
By amplifying the voices and achievements of women in procurement and supply chain, it seeks to create a more inclusive and diverse industry.
Watch Accenture's Nedra Dickson deliver a session on "It's Time to Build Future Ready Supply Chain Networks"
The World's Fastest Growing Procurement & Supply Chain Event: Procurement & SupplyChain LIVE London returns to bring the Procurement, Supply Chain and Logistics industries together. Join us at the Business Design Centre in London between 26-27 September 2023.
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