Art of Procurement

There are few categories of spend as large and operationally complex as construction. From different sourcing models, to right timelines, to a whole host of contractors and subcontractors to coordinate, procurement has to walk a fine line between being a roadblock and advocating for active spend management. Neha Kumar has experience working for companies like Barclays, Bloomberg, Deutsche Bank and Sumitomo Mitsui Banking Corporation across the corporate services, facilities, and real estate categories. Most recently her focus has been on construction. In this episode, Neha takes Philip Ideson on a journey through the peculiarities of construction procurement - the first time we have covered this category on the podcast!  Understanding and deciding between the common models for construction sourcing Why scheduling is just as important as price How construction RFPs differ from other RFPs and the role they play in the sourcing and project management process  

Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday morning at 6am US Eastern Time. Presented by a member of the Art of Procurement team, each episode has 6 short segments that summarize the week in procurement. Segments range from procurement tips to podcast summaries, from details of events to news or overviews of blog posts that capture our attention.

In this week’s episode, we’re featuring a crossover from Dial P for Procurement - a show hosted by Kelly Barner every week on the Art of Procurement platform.  Dial P for Procurement is for anyone with an appreciation for business storytelling who isn’t afraid to take a closer look at tough topics. It is also part of the LinkedIn Presents network, which features a limited number of shows hand-selected by LinkedIn to be a part of their own podcast programming. This particular episode tells the true story of what happened when Kraft Heinz procurement ran afoul of the SEC by illegally securing and reporting on supplier cost savings. It led to significant turnover at the executive level - including the CEO - as well as the restatement of two years’ worth of financial statements. Listen in and then subscribe to Dial P for Procurement wherever you listen to podcasts! Links: Listen to Dial P on Art of Procurement Subscribe on Apple Subscribe on Spotify Subscribe on Google  Subscribe to the Dial P for Procurement LinkedIn newsletter   

Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday morning at 6am US Eastern Time. Presented by a member of the Art of Procurement team, each episode has 6 short segments that summarize the week in procurement. Segments range from procurement tips to podcast summaries, from details of events to news or overviews of blog posts that capture our attention.

According to 2022 research conducted by Economist Impact and commissioned by SAP, risk reduction is a top priority for corporate leadership.  38 percent of C-suite executives view risk reduction as a way to deliver increased value through procurement. Do the other 62 percent recognize the role procurement plays in risk management? In this episode based on an AOP Live session, Philip Ideson and Kelly Barner are joined by Gordon Donovan, Global Market Research Director, Procurement and External Workforce at SAP, and Matthew Montgomery, Solution Management Director, Supplier Lifecycle & Third Party Risk Management at SAP.  They answered live audience questions about: How C-suite executives view procurement’s role in managing risk         Why procurement talent and skills shortages may be part of the risk management challenge  How companies are leveraging supplier management technologies to address these challenges   

Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday morning at 6am US Eastern Time. Presented by a member of the Art of Procurement team, each episode has 6 short segments that summarize the week in procurement. Segments range from procurement tips to podcast summaries, from details of events to news or overviews of blog posts that capture our attention.

The procurement talent space has been on a rollercoaster over the last couple of years.  First the pandemic disrupted everything, then companies started making a grab for procurement talent - in many cases hiring people before meeting them. Demand and salaries shot up in parallel. Then, at the end of last year, economic headwinds led to a correction and hiring slowed. There have even been layoffs in some sectors. Where does all of that leave the procurement talent market today? In this episode, Philip Ideson is joined by Andrew Daley, Managing Director of Digital Procurement and Supply Chain at Edbury Daley and a returning guest. Edbury Daley is a specialist recruitment consultancy formed in 2005, and Andrew is one of the most well-connected procurement professionals in the UK.  Andrew shares his up-to-the-moment perspective on: What he has heard at recent conferences season about digital literacy for procurement professionals Outlook and advice for provider-side procurement professionals who may recently have been impacted by company layoffs  Why CPOs continue to consider procurement talent such a struggle, and why they are allowing training budgets to go unused in some cases  

Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday morning at 6am US Eastern Time. Presented by a member of the Art of Procurement team, each episode has 6 short segments that summarize the week in procurement. Segments range from procurement tips to podcast summaries, from details of events to news or overviews of blog posts that capture our attention.

The concept of a ‘business ecosystem’ has changed over time. In the early days, a business ecosystem would bring together enterprise technology and implementation partners, easing the transition and accelerating value realization. Today, however, business ecosystems are far more expansive. They include both software and service partners that are able to support a company on its digital maturity journey. At SAP Sapphire 2023, Philip Ideson had the opportunity to sit down with Claus Gruenewald, Global Head Partner Business SAP Intelligent Spend Solutions, and Conor Mullaney, Business Advisor, Sustainability, Procurement and Supply Chain Lead at excelerateds2p.  In particular, they focused on the importance and accessibility of business ecosystems for mid-market companies: The ability to accommodate the unique localized nature of a business that is geographically or functionally dispersed Unique challenges and opportunities for procurement organizations in mid-market companies How the business ecosystem makes it possible for companies to combine an enterprise solution that addresses 90 percent of their needs with partners who handle the rest  

Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday morning at 6am US Eastern Time. Presented by a member of the Art of Procurement team, each episode has 6 short segments that summarize the week in procurement. Segments range from procurement tips to podcast summaries, from details of events to news or overviews of blog posts that capture our attention.