On Thursday of this week (March 28) at 11:00 AM EDT, I’ll be participating in a webinar with Emptoris/IBM that will provide a new look at how procurement transformations can succeed in the future. Here’s how the event is being billed:
“Cost-cutting efforts can only go so far. That’s why many organizations are increasingly turning to transforming their sourcing, contract and procurement functions to drive sustainable savings and reduce supplier risk. Join this live webinar featuring industry thought leader Jason Busch of Spend Matters and IBM's Procurement Product Director Terrence Curley to learn how leading companies are transforming their procurement functions.”
I’ll start my talk by providing a macro overview of the state of procurement today, including some of the usual suspects when it comes to challenges today. This includes how best to make non-procurement (e.g., finance) believers of results and numbers, CPO tenure and longevity, getting buy-in to expand charters, and general adoption and compliance issues. During the core of my talk, I’ll delve into some of the more pragmatic practices that today’s procurement organizations are pursuing and how they’re doing it:
- Sourcing / category management
- Savings & compliance
- Expanding charter (e.g., services, M&A, etc.)
- Procurement / finance collaboration
- Structure and knowledge (e.g., shared services, COEs, etc.)
Perhaps the most useful section will be the one on the future of procurement transformation. Here I plan to introduce a number of key themes, such as how procurement can lead the charge for companies to thrive in big data environments and how not just to think globally but to act and execute regionally (on a global basis) in areas including supplier development, supplier management and sourcing. I’ll also explore five traits that set transformational leaders apart from the rest of the pack.
Join Spend Matters and IBM on Thursday if you can! You can register here.