The Future of Supply Chain: a Dynamo Ventures Podcast Unlocking Billions: The Procurement Playbook for the Future
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Aug 20, 2025 Conrad Snover, CEO of ProcureAbility, dives into the future of procurement in the utility sector. He emphasizes the critical importance of sustainable practices while navigating the challenges of electrification and renewable energy. The conversation reveals insights on building supply chain resilience post-COVID-19, the value of risk management, and how even simple tools like Excel remain essential for procurement professionals. Conrad also shares valuable lessons from mountaineering on adaptability and the need for procurement to evolve in a rapidly changing landscape.
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Two Pillars Of Sustainable Procurement
- Conrad defines sustainable procurement as twofold: security of supply and responsible practices.
- He argues both reduce waste, lower cost, and ensure supply chains don't break under stress.
Supplier Diversity As A Social Mandate
- Utilities pursue supplier diversity to reflect their customer base and serve the community.
- That social mandate shapes procurement choices distinctively versus many other industries.
Regulation Shapes Procurement Incentives
- Utilities operate under regulated monopolies with a capital vs O&M accounting tension that shapes procurement incentives.
- Procurement must use language and metrics that demonstrate value without undermining regulated financial drivers.