The key forces driving procurement post-Covid – capturing
Transformation to capture the opportunity of Procurement’s latent potential
Event welcome and housekeeping
The world as we know it has changed drastically, and Procurement functions need to evolve as well. As businesses recover from the pandemic, Procurement has a critical role to play, not just in restoring and growing profitability, but also in supporting the broader business strategy. With the world facing increased volatility and uncertainty, major geopolitical shifts, technological disruptions, changing societal expectations, and fundamental changes in how people work, its time for Procurement to step up, and lead the transformation that is needed.
There are five key themes that are shaping the procurement transformations of the future:
* Shifting beyond cost-reduction to creating a source of sustainable competitive advantage
* Investing in partnerships with suppliers to drive innovation
* Creating an effective, resilient and sustainable supply chain
* Accelerating adoption of digital and analytics to unlock new sources of value
* Building new capabilities and a future-ready operating model
How procurement is changing during the pandemic
What is digital transformation mean anyway? How do I successfully facilitate change? How can I sway the naysayers?
Australian businesses are spending gazillions of dollars on implementing new technologies. Often they don’t get a good return on their investments. Because soon enough, people revert to old ways of doing things, and company performance doesn’t improve. To reduce the chance of your transformation efforts failing, leadership and a radically inclusive approach is critical.
This is not a theoretical exercise about change management. This is about sharing real industry examples, success factors, challenges, and tips to help you successfully deliver lasting results and build your brand as a procurement leader.
Many procurement teams have transitioned in recent years but many have achieved a successful transition to an end-to-end category management structure supporting a new balanced scorecard measurement of the real benefits.
CASE STUDY: The Dept of Justice Victoria (DJCS) is the first Victorian Government department to place category management at the core of its procurement operating model. In addition, the analytics and processes that underpin the new CATEGORY operating model is structured to help the shift in culture/mindset from one that prioritises “governance and compliance” to one that prioritises “customer value”
Stakeholder buy-in has been the leading challenge for procurement for many years. How out stakeholders are now changing and what they will look like in the not-so-distant future is also a factor that procurement have to envisage. Moreover, how agile change-management practices can support this stakeholder transition from current state to future state is critical to our success in future as well.
The procurement effort at COLES has gone through many forms of transformation in recent times – the obvious one, supporting the supermarket operations during the pandemic, as well as less obvious ones:
Transforming the team capability, transforming supply relations, the digital transformation roadmap and transforming the procurement strategy to match rapidly evolving corporate needs.
Yet the most important transformation at Coles procurement is the next one – for change is a journey not a destination.
The challenge right now is to grasp the learnings of the last transformation – to enhance the prospects of the next
Exec summary of Day One
Preview of day two
What do suppliers think of procurement? Truly?
And how do they think we need to transform to be able to best meet our own needs, even more than theirs?
What do they see as our best practice (and worst practice) from the other side of the negotiating table?
What are their 6 GREAT TIPS on tendering from your vendors!
The opportunity is now for procurement to start transforming into a competitive advantage. This pandemic thrusted a heightened profile onto procurement, and the best procurement functions are maintaining this newfound stardom and becoming a true competitive advantage for their organisations. Strong connection to the end customer’s needs, understanding the value of security of supply, and rapid decision making are all features of the post-pandemic leading procurement functions. The next evolution of procurement is transformation and the time is now for procurement to stop being transformed and start transforming. Andrew will take you on a journey through the latest procurement transformations which he has delivered as both a procurement and transformation leader, and now as a consultant to both SME and large businesses.
In response to the pandemic, organisations globally doubled down on technology investments. Seven in 10 boards of directors have accelerated their digital business initiatives in the wake of COVID-19 disruption. With such large investments being made in technology, chief procurement officers will be expected to ensure those investments help the function realize a strong ROI in the future. But how?
This session will cover:
• How advancements in procurement technology have allowed procurement functions to execute higher order tasks with increased capacity and capability
• How the highest ROI procurement functions are allocating resources differently
• How the best procurement functions are tailoring their support to the recovery journey and beyond
What has Covid taught us about how we have to development the capability of our people ?
Procurement’s training needs have grown during Covid – even though they were growing before the pandemic.
Yet the crisis also a real opportunity for procurement; so, will procurement have the capability to match its ambition in future? Understand the key points of the recent PASA white-paper on how to develop a relevant L&D plan for your team post-Covid. The PASA Procurement L&D white-paper is free to delegates.
After such incredible feedback in 2020, Coupa is back again in 2021 for another Battle of the CPO’s! Procurement leaders, Trevor Smith from ALH and Aaron Passfield from Hammondcare go head-to-head in the Battle of the CPOs, hosted again by Coupa’s Milos Lekovic.
There can only be one winner – so which procurement leader has the best response to supply side ESG initiatives?
This session will have you thinking about your own business spend, especially in a sustainable context:
Each CPO has one minute to give their response – and the audience vote for the winner!
– How do you ensure your spending is socially responsible?
– Are your suppliers diverse and Inclusive? How do you measure this?
– Is your supply chain environmentally sound ? How are you measuring your inbound supply chain risk?
Join us as two experienced procurement leaders glove-up and enter the ring, battling for the best answers to these burning questions around ESG.
By making Informed data-driven SC & S2P decisions and providing community-powered prescriptions & benchmarks to measure and optimise business spend – Coupa’s BSM platform is helping change the world through every business purchase.
During this past year, Procurement has become a primary topic of boardroom discussions — due in large part to the efforts of Procurement leaders and their teams to ensure business continuity and mitigate the impact of the pandemic on their organizations.
Now that the tide is turning, it’s time for Procurement leaders to pivot and demonstrate how effective spend and supplier management can be used to build resilience and to restore growth.
Join this session to learn:
• How Procurement teams can innovate and support revenue growth
• What obstacles organizations are facing — and how to overcome them
• How to best leverage technology to build resilience and increase strategic value
Traditionally, procurement has left inbound supply chain management to their primary supplier.
But, today, a more proactive approach to risk management, safety & sustainability demands a closer eye on critical inbound value chains, including:
• Improving inbound risk management
• Pre-qualifying suppliers and their suppliers
• Adhering to mandatory requirements like the MSA through managing inbound supply chains
• The benefits of mapping integrated workflows – and the criticality of validating, approving and updating data
• Understanding the benefits and cost savings for suppliers as well as buyers
How to transform to better manage cost through an entrepreneurial approach on both FIXED cost and OPEX to affect the P&Ll
Founder and regular host of the Art of Procurement PODCAST, Phil Ideson, interviews live AMY FONG, the Vice-President of The Everest Group in California, USA.
The Everest Group is an international sourcing research group centred in the US – and Amy is the Practice Leader for strategic sourcing and supplier management,
that leads a team of analysts in developing stakeholder centric research and thought-leadership on both best procurement practice and Procurement Outsourcing.
Phil will ask Amy how the pandemic will alter the course of procurement development both in the US and globally … what can we expect to change next?
Presentation & runners up certificates
Presentations to the Winners of The Nigels 2021
PASA CONFERENCES Programme 2022 – 17 major events
PASA Connect – over 80 expert led roundtables on every topic
PASA Training – up to 30 premium short courses online & LIVE
PASA AGILE – training, coaching & consulting on Agile Procurement