Art of Procurement

If procurement were based upon comic book rules, sales professionals would be the arch nemesis. The funny thing is, sales feels the same way in return. If we could just achieve more understanding, everyone would benefit. This week's episode uses a roundtable format to dig into the timeless struggle between procurement and sales - more honestly and personally than we've ever done before. Philip Ideson is joined by Donna Donato, CEO Americas at ChainIQ, in the 'procurement corner,' and in the 'sales corner' he welcomes Chris Donato, Founder & CEO of esellas, a revenue management company, and Megan Dimmer, CRO, esellas. And yes, Donna and Chris are married. They explore procurement and sales alignment and discuss whether there are actually any opportunities to support each other. As you might expect, they also had some interesting differences of opinion about the tactics and strategies sales and procurement use to make life more difficult for the other. Listen as they debate topics such as: Why sales needs to feel good about the relationship with their customers and prospects before they can advocate internally for competitive pricing How procurement can work with and through sales to gain entry to the buying process when the rest of the business is not actively engaging with them The importance of procurement and sales being able to come together to agree upon desired outcomes and what success will ultimately look like

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.

Although the challenge of managing supply chains and supplier relationships has compounded in recent years, most procurement teams are still over-reliant on fragmented internal information that slows their response in a negotiation. What procurement needs is an empowering source of insight that combines internal and external information in one place, providing optionality and agility so they can make changes in response to changing economic and geopolitical conditions. In this episode, Philip Ideson speaks with Rajesh Kalidindi, Founder and CEO of LevaData, about his background in electronics direct materials management and why he decided to leave his position to start his own company. The opportunity that exists to augment existing human potential with technology that empowers faster decision making The requirement to do so at scale, so that procurement can strategically manage spend in all categories without adding headcount Why gathering insights alone isn't enough without a way to ensure they are actionable

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.

There are multiple ways of looking at every business topic. Provider and practitioner are the ones procurement is most familiar with, but there are also third parties like researchers and academics. When we are trying to master a subject - especially one that we will have to manage cross-functionally - the more perspectives we can compare and synthesize, the better. Art of Procurement recently had an opportunity to bring multiple perspectives together in one panel-based live event, an AOP Live session focused on connected planning. Philip Ideson was joined by three guests, each of whom shared examples from their experience demonstrating how procurement and finance can connect sustainability with financial planning, making everything measurable in the process. Attendees heard actionable advice from: The Practitioner: Nick Wingbermuehle, Sr. Director, Capabilities and Continuous Improvement at Anheuser-Busch The Expert: Adrian de Groot Ruiz, Executive Director at the Impact Institute The Solution Provider: Bryan Baum, Head of Supply Chain Solutions, Sourcing and Procurement at Anaplan

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.

One of the 17 United Nations Sustainable Development goals is to achieve gender equality and empower all women and girls, for their own sake and for the sake of economic growth and development. The UN has a number of specific targets that address violence, discrimination, and other harmful practices and there are other third party organizations doing work in this area as well. Is there something procurement can do to move companies towards global gender equality goals? That is the topic of this conversation with David Latten, Head of Global Indirect Procurement at Logitech. Not only is he convinced that there is a lot procurement can do to support gender equality, he feels that we are particularly well positioned to do so. How a consumer-focused effort to evaluate how "Gender Fair" companies are became his cause internally with B2B suppliers The organizations helping with measurement and monitoring of individual companies' relative gender equality His advice for starting a procurement-led effort to emphasize gender equality in your company

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 currently finds themselves at the intersection of many challenges. The war in Europe, inflation (possibly recession?), sustainability, diversity, and the Great Resignation are just a few. All of these need to be balanced with the core deliverables of cost and risk management, making data, digital experiences, and measurement more important than they have ever been. SAP has recently commissioned a number of research studies with The Economist, IDC, and Harvard Business Review, all looking at different opportunities for procurement to impact the business. In order to get some idea of their findings, Philip Ideson recently interviewed Baber Farooq, Senior Vice President of Product Strategy, Procurement Solutions at SAP, at SAP Sapphire in Orlando, Florida. In this conversation, Baber shares his perspective on: Why initiatives like sustainability will struggle to have an impact without the measurement and reporting that procurement is already well-suited to provide The importance of SAP sponsoring studies on the topics of greatest importance to procurement, and not to support a specific product or functionality rollout The two top findings that stood out to him from all of the data and research he has had the opportunity to review

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.