Art of Procurement

Procurement 6 is a new short podcast from Art of Procurement that will be published 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 will have 6 short segments that summarize this week in procurement.   Segments will range from procurement tips to podcast summaries, from details of events to news or overviews of blog posts that have captured our attention this week.

The last few years have seen an explosion of new investment and startups to serve leading procurement organizations. While procurement is certainly worthy of such attention and enablement, they are also the ‘innovation gateway’ for the company as a whole. Keeping them inspired is a critical job - one that this week’s guest takes personally. Matthias Gutzmann founded DPW in 2019 to deliver against an unmet need that he recognized in the procurement community. He didn’t want to host another conference, but rather to create an event, one that would bring together the most diverse community of professionals possible. In this conversation, Matthias joins host Philip Ideson to share his founder’s story and talk about where his attention is focused right now: The lengths he and his team go to in their efforts to avoid the ‘same old stuff’ onstage at DPW The genesis of the ScoutLab initiative and how it is making it possible for innovation to scale within large procurement teams and large organizations The potential downside of having so many digital options at a time when procurement is facing constant challenges and change

Procurement 6 is a new short podcast from Art of Procurement that will be published 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 will have 6 short segments that summarize this week in procurement.   Segments will range from procurement tips to podcast summaries, from details of events to news or overviews of blog posts that have captured our attention this week.

Professional athletes represent the top 1% in their sport. While talent will take an athlete a long way, the key differentiator between those that reach the top and those who come close is mindset: the ‘athlete's mindset.’ This powerful but intangible way of thinking makes it possible to achieve seemingly insurmountable goals - no matter what arena you compete in. In this week’s episode, we are sharing the final session of Mastermind LIVE 2022. Philip Ideson was joined on the virtual stage by Lou Alexander, a former NFL and Division 1 football player who now works with procurement teams daily as part of his role at ProcurementIQ.  Join Philip and Lou to hear how the determination required to build an athlete’s mindset is critical for anyone who wants to embark on their own journey to 10X the impact of procurement: Why the most important thing a leader may do is stop talking and start listening How procurement professionals and teams can redefine what is means to be successful

Procurement 6 is a new short podcast from Art of Procurement that will be published 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 will have 6 short segments that summarize this week in procurement.   Segments will range from procurement tips to podcast summaries, from details of events to news or overviews of blog posts that have captured our attention this week.

According to research done by Globality, "90% of global procurement leaders are committed to the urgent transformation of their operating models and processes to be more resilient and agile.” And yet, committing to an idea does not necessarily guarantee that it will gain operational traction. For that, procurement needs to change the way they engage with the business. During this fireside chat moderated by Philip Ideson as part of Mastermind LIVE 2022, BP Director of Digital and Innovation Sourcing Nicholas Wright and Global Category Manager for Talent and Consulting Ben Weston were joined Globality’s Graham Moore to discuss how agile sourcing can deliver increased efficiencies and ROI by moving more spend to a self-service process.  In this session, they explored topics such as: How procurement should rethink the sourcing process to be more responsive to the needs of the business.  The corresponding adjustments that requires to engagement with specific suppliers and stakeholders How the team at BP, one of the world's largest integrated energy businesses, approached transforming their sourcing process to become more agile by placing a particular focus on services categories.

Procurement 6 is a new short podcast from Art of Procurement that will be published 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 will have 6 short segments that summarize this week in procurement.   Segments will range from procurement tips to podcast summaries, from details of events to news or overviews of blog posts that have captured our attention this week.

In this episode, Philip Ideson is joined by Helen Mackenzie, Art of Procurement’s Head of Community and Events. They recently had the opportunity to attend ProcureCon EU in Barcelona, Spain.  Not only was the conference a great place to meet with colleagues face to face, it also presented an opportunity to consider today’s key economic, geopolitical, and business challenges from a uniquely European perspective. During the conversation Philip and Helen discuss: Some of the most memorable procurement executives and points of view shared during the trip The changes procurement needs to make if they really want to form partnerships and drive innovation by working with smaller suppliers Setting sustainability targets that ensure progress is being made and the right kinds of change are driven by the business

Procurement 6 is a new short podcast from Art of Procurement that will be published 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 will have 6 short segments that summarize this week in procurement.   Segments will range from procurement tips to podcast summaries, from details of events to news or overviews of blog posts that have captured our attention this week.

Procurement’s role in integrations and separations is often overlooked – and understandably so. Corporate development teams and M&A professionals are chartered with identifying, negotiating, and closing the deal. Execution on the investment thesis is paramount. However, the untapped potential in procurement represents an opportunity to ‘sweeten the deal’. At its core, procurement is chartered with the management of third party spend and partner relationship oversight. The inherent supply base influence on profitability and risk is only magnified in a M&A environment. Thus, sidelining procurement in inorganic activities such as acquisitions or divestitures could mean missing the opportunity for deal upside and value acceleration. This episode of the podcast is based on an AOP Live session with Chris McCarney and Marcos Cortes from KPMG, LLP.  Chris and Marcos joined host Philip Ideson to explore… Procurement’s role at each stage of the deal cycle Overlooked and under-estimated procurement opportunities in integrations and separations Pre-deal, post-deal, and no-deal elements to consider