In this discussion, Jennifer Sieber, the Global Head of Procurement for Systems and Insights at Gilead Sciences, shares her expertise in navigating the complexities of global procurement. She emphasizes the importance of data integrity and integration as foundational for efficient operations. Jennifer highlights innovative strategies like data cleansing and the creation of a data lake. She also discusses leveraging AI for better data visualization, transforming procurement from a cost center into a strategic asset, and the essential role of collaboration across organizational functions.
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Quick takeaways
Efficient procurement at Gilead Sciences relies on data integrity and a unified process architecture to optimize operations.
The integration of AI tools helps Gilead shift towards a proactive procurement strategy, enhancing decision-making and service delivery.
Deep dives
The Importance of Data Integrity in Procurement
Efficient procurement at Gilead Sciences begins with ensuring data integrity and establishing a unified process architecture. This involves meticulous data cleansing, integration into a centralized data lake, and leveraging AI for data mapping and visualization. By focusing on the quality of data inputs, Gilead aims to enhance the outputs, enabling better insights and decision-making. A robust data management strategy promises not only efficiency but also a more proactive data-driven approach to procurement.
Overcoming Fragmentation in Processes
A significant challenge in Gilead's procurement strategy is the fragmentation caused by varying processes across different functions. Each department's unique practices have led to inconsistencies in how data is captured and utilized, resulting in a lack of standardization and clarity. To address this, the organization is working towards aligning processes under a unified enterprise mindset, promoting streamlined operations, and ensuring a consistent understanding of actionable data. This alignment is crucial for optimizing spend management and generating reliable outputs for the organization.
Leveraging Data for Proactive Decision-Making
Gilead aims to shift towards a proactive procurement strategy by providing visibility to end-users at the point of need, thereby enhancing service and decision-making. By using AI tools to centralize and streamline the intake of requests, the organization can facilitate quicker and more informed decisions. This proactive approach reduces unnecessary procurement efforts and supports the effective use of preferred suppliers, ultimately driving efficiencies throughout the organization. The integration of data and technology is key to transforming procurement into a valuable asset rather than just a cost center.
Today’s guest is Jennifer Sieber, Global Head of Procurement for Systems and Insights at Gilead Sciences. Jennifer joins today’s podcast to share her perspectives on overcoming the operational complexities global procurement faces, especially when aiming to optimize data and maintain agility in a competitive 2024 landscape. Jennifer begins highlighting the ongoing transformation at Gilead, emphasizing that efficient procurement begins with data integrity and a unified process architecture. Later, she shares how her team is addressing these through data cleansing, integration into a data lake, and using AI to support data mapping and visualization, which are essential steps toward creating a more proactive, data-driven procurement strategy. This episode is sponsored by Arkestro. To learn more about Emerj Media and how to reach the Emerj audience, visit emerj.com/ad1.
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