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Welcome to the #loveprocurement podcast, where we bring you a fresh and lighthearted take on all things procurement. Join us as we dive into the fascinating world of Procurement with a twist of humor and a sprinkle of fun. We'll explore a different topic in each episode, inviting industry experts and special guests to share their insights, experiences, and stories. Whether you're a seasoned procurement professional or just curious about the field, this podcast is for you. Get ready to laugh, ...
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Every conversation about equality or opportunity has to happen with full awareness of the larger social or cultural context. Different people, in different places around the world, at different places in their lives want very different things. We should never assume, for instance, that work-life balance or the idea of being ‘family-friendly’ carry …
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Third party risk management (TPRM) is an essential - and strategic - effort for financial services companies, but that doesn’t mean everyone in the organization views it in the same way. For procurement, TPRM equals risk, but for the company as a whole, it is just one form of exposure that must be addressed opportunistically. In this episode of the…
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Procurement leaders are notorious for finding varied paths into the function, often bringing with them a depth and breadth of experience that the teams they join benefit from. Just as important as the knowledge they gather are the people they meet along the way - mentors and trailblazers who inspire them and open doors ahead of them, clearing a pat…
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Procurement organizations are no strangers to change, but, over the past few years, the rate and scale of that change have both increased in a way that even veterans of the profession might not have expected. The impact of this change has clearly registered with procurement leaders, many of whom are now working hard to prepare their teams for futur…
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Procurement has changed considerably over time, from the associated skills and formal professionalism to the available platforms and sources of information. With that change has come more opportunities to collaborate with suppliers, impact the performance of the company as a whole, and incentives for the next generation of professionals to enter th…
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As compliance shifts from an internal process-related concept to one associated with external expectations and regulations, procurement’s role continues to grow. Understanding what is at stake, the up and down-side benefits, as well as the why driving the company’s investment are all critical to success. In this episode of the #LoveProcurement podc…
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World class events go beyond people, place, and time. If they are planned for and hosted with purpose, they can take on a culture or ‘vibe’ of their own. The more unique and cohesive the event experience is, the more impactful and lasting it will be in the minds of attendees - as well as those who help to run the event. In this episode of the #Love…
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How well an organization - or a procurement team - knows itself plays a huge role in how successful they are able to be in any change effort, systems implementations included. Knowing what the objectives of the project are and having a plan to stay focused on them until they are achieved is both absolutely critical and also a lot harder than it sou…
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Expectations drive what procurement is able to deliver. Whether that means the business’s expectations, supplier expectations, or procurement’s own expectations, what they think they can achieve, and how they think they should spend their time, drives outcomes - for better or worse. While that may sound limiting, if procurement can change their exp…
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Procurement is a diverse profession. Every category presents procurement with unique opportunities and challenges, ensuring that no two days are ever the same. This variety is one of the features that procurement professionals love most about the field. But, when procurement works in government contracting, a whole new set of rules, expectations, a…
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The categories procurement manages are as varied as the stakeholders they work with and the suppliers they buy from. But that does not mean learnings from one category, or industry even, can’t be transferred from one to another. In fact, when the objective is value creation, this may be the very advantage that allows procurement to succeed. In this…
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Procurement’s value comes from many different sources, but supplier relationships are a nearly inexhaustible source of potential. Over the last few years, procurement has made significant investments - and substantial progress - in their ability to build relationships with key suppliers as well as to improve the supplier experience overall. In this…
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Generative AI, and the models that underpin it, are maturing at a rapid pace. Even procurement, a function that has always been a proving ground for emerging digital capabilities, is scrambling to keep up. In this time of growth, procurement has the chance to stretch their use of technology and also to uncover current mindsets about innovation and …
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Many procurement conversations are focused on tech, but the work of procurement is innately human - even the digital parts. As procurement systems become bridges to the business, procurement professionals have the opportunity to cross them and forge strategic, more meaningful relationships with entirely new parts of the business. In this episode of…
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Each year contains unexpected developments and surprises. Some of them are mere flashes of circumstance while others change the trajectory of industries, communities, and individuals for the long term. The challenge for procurement is knowing what to watch for and then deciding how to prepare. In this episode of the #LoveProcurement podcast, Kelly …
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Category management is as fundamental part of procurement as strategic sourcing, supplier management, and negotiation. At the same time, there is a chasm between optimism about the potential of category management and examples of where it has been carried out successfully. In this episode of the #LoveProcurement podcast, Kelly Barner is joined by S…
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Procurement transformation is always a complex, high-stakes effort, but when the organization going through the change is in the public sector, every effort has to be made to minimize disruption - especially when the public may be affected. When the state of Ohio decided to transform their procurement organization, they started by laying a foundati…
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Language has the power to unite a community. Not only does it create a feeling of belonging, using the same terminology as others makes the speaker’s meaning clear, despite challenging circumstances. On the other hand, language can also alienate, frustrate, and just plain annoy people who are not familiar with the acronyms and terminology used by o…
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No digital solution can deliver an ROI without a successful implementation, and yet procurement often finds themselves taking a key role in critical implementations without necessarily having the skills or experience to do so. On the other hand, few efforts provide procurement with a greater opportunity to build relationships across the organizatio…
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For almost two decades, The Hackett Group has been asking procurement leaders about their priorities for the current year, how they plan to invest in skills and technology, and what new and trending topics have seized their attention. Since procurement is a constantly evolving professional discipline, some areas of the study show only minor adjustm…
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Despite the interest and attention being heaped upon digital platforms, leadership teams still have to emphasize the importance of developing their team’s soft skills. Whether that means improved two-way communication abilities or a willingness to trust one’s instinct when it matters most, strengths and abilities have to go far beyond technical are…
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Aspiring professionals have to deliver more than table-stakes results if they want to climb the corporate ladder. In fact, they have to do more than climb: they need to time travel. Most hard working individuals can create value for today, in their current role, given the present circumstances. The real prize goes to those who manage to create a so…
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Many procurement professionals cringe and cover their ears at the mere mention of “selling.” The fatigue associated with being ‘sold to’ for their own solutions and the solutions associated with sourcing projects across the business is real. But legacy perceptions of selling are no more representative than legacy perceptions of procurement. In this…
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When a decision is made about what procurement platform will be put in place, the team’s effort is not done. In fact, it is only the beginning. A well-managed implementation process ensures that the company achieves the objectives and benefits associated with the solution, and it takes into consideration input from a wide variety of users. Implemen…
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Being ‘in procurement’ can mean a number of things, but typically it is assumed to mean that someone is a procurement practitioner. When a practitioner makes the decision to stay in procurement but take on another role - say working at a service or solution provider - their colleagues may be distrustful. Some will even believe they have gone over t…
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Data is one of the most valuable resources any company can have, but having it versus being able to trust it and put it to work are two different things. Some data is brought in from the outside with a clear purpose, and other data is created as a byproduct of business processes and transactions. Being able to pull it together as part of a cohesive…
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Today’s emerging technology is based on artificial intelligence and machine learning, but it wasn't so very long ago that the Internet, followed by cloud computing and SaaS, revolutionized enterprise systems. At the start of each new age, disruptive thinkers have to imagine - and then build - platforms that are able to apply the new capabilities to…
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While some market research reports capture a snapshot in time, others play a long game, watching priorities shift over a decade or more. Those annual reports can often capture more nuanced trends, providing actionable insight that executives can use to position themselves, their teams, and their companies as leaders in an incredibly competitive mar…
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In late 2022, OpenAI’s ChatGPT set the world’s imagination on fire. The possibilities of generative AI seemed endless, but at some point the work of applying this new technology had to begin. Companies of all sizes and across industries started experimenting with all kinds of generative AI use cases. Which of them will stand the test of time - and …
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While the work to reduce emissions is not simple, it is absolutely critical for organizations worldwide. Fortunately for them, procurement’s core skills - multi-tasking, resilience, and an emphasis on taking action - are precisely what is needed to lay the foundation for a more sustainable future. In this episode of the #LoveProcurement podcast, Ke…
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International Women’s Day is an opportunity to raise awareness about experiences and challenges, bringing everyone together for the sake of driving needed change. But it is also an opportunity to recognize, to celebrate, and reflect on the progress that has been made, in some cases, one connection at a time. In this episode of the #LoveProcurement …
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In 1685, two armies led an armed rebellion against King James II of England. Their goal was no less than to remove him from power. In the final battle, 3,600 Government soldiers faced off against 4,000 soldiers led by the Duke of Monmouth. Despite being outnumbered, the Government army took the day. What was it that allowed King James II and the Go…
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A few years ago, Ivalua was trying to invest in the procurement community. They realized that whenever procurement professionals talk about their work, they genuinely enjoy what they do and they take pride in their work. The team started asking procurement professionals they met one simple question: Why do YOU love procurement? The rest is history.…
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At the recent Long View Systems #ActivateDigital2018 Conference, I had the opportunity to meet with some of the most notable thought leaders from the high tech industry and beyond. In what is the first of eight podcast interviews I did with amazing individuals such as Microsoft’s new President Kevin Peesker, NetApp’s Jon Mellon, and HPE’s new Vice …
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At the recent Long View Systems #ActivateDigital2018 Conference, I had the opportunity to meet with some of the most notable thought leaders from the high tech industry and beyond to talk about digital transformation and its impact on everything from business, to the economy and even gender from the standpoint of the pressing need for more women in…
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Back in April I welcomed Ivalua SVP Sales and Business Development Amol Joshi to the show to talk about the company's big win Arizona, as well as successes with Quebec Hydro, Toronto’s Cadillac Fairview, and other notable account wins including US Foods, Honeywell and Credit Suisse. To say that Ivalua is a company on the rise may be an understateme…
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In October I had the privilege of moderating two panels featuring international industry experts discussing some of our industry's most pressing questions. I am pleased to provide you with this PI Window On The World exclusive broadcast of one of those discussions which were on supplier risk assessment and mitigation. INNOVATION TRACK (Lafitte Room…
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Okay, so I took some liberties with the famous Mark Twain, and Charles Dudley Warner joke about the weather and made it about risk. However, and different from the weather, procurement professionals can do something about risk, but for whatever reason choose not to. At least this is what one study reported when it was disclosed that while 80 percen…
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On April 10th, 2017, I received a press release announcing that Spend Matters released its first SolutionMap, an essential tool for procurement executives and their teams to assess and understand vendor capability on an ongoing basis. In today's segment, I am joined by Spend Matters' Chief Research Officer Pierre Mitchell to talk about SolutionMap,…
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Okay, so I took some liberties with the famous Mark Twain, and Charles Dudley Warner joke about the weather and made it about risk. However, and different from the weather, procurement professionals can do something about risk, but for whatever reason choose not to. At least this is what one study reported when it was disclosed that while 80 percen…
  continue reading
 
The Procurious Big Ideas Summit that is scheduled to take place on September 28th in Chicago promises to bring across the pond the same energy and insights as last years event in the UK. To do this, the organizers have lined up an impressive array of speakers, one of whom will be joining me today. Over the next 30-minutes, I will be talking with IB…
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The Procurious Big Ideas Summit that is scheduled to take place on September 28th in Chicago promises to bring across the pond the same energy and insights as last years event in the UK. To do this, the organizers have lined up an impressive array of speakers, one of whom will be joining me today. Over the next 30-minutes, I will be talking with Am…
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The Procurious Big Ideas Summit that is scheduled to take place on September 28th in Chicago promises to bring across the pond the same energy and insights as last years event in the UK. To do this, the organizers have lined up an impressive array of speakers, one of whom will be joining me today. Over the next 30-minutes, I will be talking with Si…
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PROACTIS, the Wetherby-based provider of spend management solutions, recently completed the reverse takeover of US-based Perfect Commerce, LLC for an aggregate consideration of up to $132.5 million (approximately £102.4 million). It has been reported that the acquisition will significantly "accelerate PROACTIS’ growth strategy and its geographic fo…
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Everycs, a data and software engineering company focused on product intelligence, has just joined forces with environmental consultant GreenDelta to connect their Makersite platform with the world's life-cycle data, augment it with other information, and enable faster, distributed collaboration for procurement professionals. Joining me today to tal…
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Today I will be joined by Ivalua’s SVP Sales and Business Development Amol Joshi to talk about the upstart company's big win with the State of Arizona. Ironically, the use of the term upstart is somewhat deceiving, because Ivalua has been around for 15 years. The moniker, however, is appropriate because the win with Arizona as well as with Cadillac…
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One top public sector procurement expert suggests that the additional $2 million that Santa Clara County is going to pay to KPMG to review its procurement practice makes absolutely no sense. Or as he put it, there is no amount of service or insight that KPMG – or any consulting firm for that matter, can provide that would come close to justifying n…
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The partnership between THOMASNET.com (formerly the Thomas Register), a company that is more than 100 years old, and Dun & Bradstreet (a company that is more than 150 years old) to protect supply chains against disruption due to unforeseen risks, is a potential game changer. Today I will be joined by THOMASNET President and CEO, Tony Uphoff, to tal…
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Procurement is a cornerstone of a sound supply chain and overall business strategy. Procurify recognizes the importance of innovation and excellence in the profession and is committed to rewarding those organizations and individuals showing leadership and dedication to driving it forward, impacting their teams, organizations, communities and the wo…
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Last month I welcomed to the show Procurious' Tania Seary to talk about the state of our industry and the then upcoming Big Ideas Conference. Today, I am once again joined by Tania Seary, to not only revisit some of the questions we discussed last time, but to learn about any new revelations that resulted from the event, including their impact on t…
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