Author Archives: Bristlecone

Delivering Value Beyond Savings — Procurement’s Role in Times of Disruption

procurement's role

Deeply hit by the COVID-19 pandemic, companies are now exploring innovative ways to drive additional profits and increase revenue. Hard-hit sectors like manufacturing, entertainment, transportation and hospitality, to name a few, remain gripped by uncertainty. It may take a while, years in some cases, for companies in these industries to recover to pre-COVID levels.

Companies are now in a quest to redefine their business models. Finding cost-cutting technologies or tools to help drive sales, mitigate risks and maximize cashflow is now a greater priority for many. And for some organizations in this revised business scenario, it’s their lifeline.

Procurement plays a significant role here, not only for the result it can bring to the bottom line but also for the increasingly strategic role procurement teams are playing. Now is the time for procurement managers to redefine themselves — from buyers to strategic partners across the entire supply chain.

Let’s look at some of the ways procurement can help the organization achieve its goals.

Inoculating supply chains against disruptive events with a resiliency strategy

Dhaval Buch is the Group President for Technology at the Mahindra Group

Recent events have clearly highlighted the importance of supply chains for individual businesses — and for the global economy. As enterprises seek to prepare themselves for other future unknowns, it’s vital that they inoculate their supply chains against similar disruptive events.

In this Q&A, Bristlecone — a global provider of supply chain strategy, planning and operations consulting, and product engineering services — looks at how savvy CPOs can go about implementing this “inoculation.” Dhaval Buch, Group Technology President at the Mahindra Group and former Chief Procurement Officer of one of the largest global Fortune 500 CPG organizations, shares his thoughts and insights on this topic.