796: How Should Procurement Respond to Tariffs? W/ Richeek Maitra

Art of Procurement

#Outsourcing #Procurement #Purchasing #Talent #Trends #MBA #Philip Ideson #Careers #Business #Experts

29:22

The world often feels rigged. And this episode is a wake-up call to recognize the barriers that exist for those who don’t fit the traditional mold. In this episode, which is a kind of tribute to my dear departed Dad, I recount some powerful lessons from the man who was a brilliant psychiatrist and my biggest champion. He taught me that if something feels off about the environment you’re in, it probably is—and it’s absolutely hella-not your fault. We dare to break into the uncomfortable truth that many workplaces are designed for a very specific demographic, leaving neurodivergent individuals, particularly those on the autism spectrum, feeling excluded. I share three stories in which my Dad imparted to me more than my fair share of his wisdom, and I'm hoping you to can feel empowered. You'll learn that we can advocate for ourselves and others to create a more inclusive work culture. Newsletter Paste this into your browser if the newsletter link is broken - https://www.lbeehealth.com/ Join our Patreon - https://differentnotbrokenpodcast.com/patreon Mentioned in this episode: Sign Up For Our Newsletter Stay updated on all the things! Get added to our newsletter mailing list. Newsletter…

17 days ago 34:53

MP3•Episode home

With tariffs dominating the news cycle and sending global markets on a wild ride, procurement is scrambling to figure out the practical implications of tariffs on global supply chains and their own organization’s procurement strategy.

In this timely Art of Procurement podcast episode, host Philip Ideson welcomes Richeek Maitra, a Director at AlixPartners and an expert on tariffs and their effects on the global supply chain and procurement operations. As Richeek advises, procurement shouldn’t (over) react to every single news story about tariffs, but everyone should be planning both short- and long-term strategies to safeguard their organizations from negative tariff-related fallout while still maintaining a competitive advantage.

In short, procurement shouldn’t act as if the sky is falling, but they shouldn’t stick their heads in the sand and pretend it’s just business as usual either.

In this episode, Richeek explains:

How procurement should interpret new tariff announcements and estimate potential impacts on specific spend categories and supplier relationships
A practical response framework to tariffs that includes immediate tactical moves (like duty engineering) to long-term supply chain restructuring
How to adopt a rational approach to China sourcing decisions that balances global trends with company-specific circumstances

Links:

808 episodes

796: How Should Procurement Respond to Tariffs? W/ Richeek Maitra

Art of Procurement

175 subscribers

published 17 days ago

MP3•Episode home

In short, procurement shouldn’t act as if the sky is falling, but they shouldn’t stick their heads in the sand and pretend it’s just business as usual either.

In this episode, Richeek explains:

How procurement should interpret new tariff announcements and estimate potential impacts on specific spend categories and supplier relationships
A practical response framework to tariffs that includes immediate tactical moves (like duty engineering) to long-term supply chain restructuring
How to adopt a rational approach to China sourcing decisions that balances global trends with company-specific circumstances

Links:

808 episodes

#Outsourcing #Procurement #Purchasing #Talent #Trends #MBA #Philip Ideson #Careers #Business #Experts

All episodes

Art of Procurement

1
Procurement’s Communication Superpower W/ David Yarkin 35:55

3 days ago35:55

35:55

"If you can't understand how procurement affects the ultimate end users in your organization, whether it's a state prison, or whether it's a manufacturing facility in Germany, then you're abdicating your role, you're just a robot. And that's why procurement has a superpower." - David Yarkin, CEO, Procurated Long before "DOGE" became a buzzword in government efficiency, the state of Pennsylvania led a pioneering strategic procurement transformation that saved taxpayers millions… $140 million to be exact (and on a recurring basis, at that). The key to their success wasn't just smart buying strategies, but highly effective communication that helped secure executive support and turn resisters into supporters. In this episode of Art of Procurement, Philip Ideson speaks with David Yarkin, CEO of Procurated and former Chief Procurement Officer for the Commonwealth of Pennsylvania. David brings a unique perspective influenced by his background as a former press secretary and in procurement leadership. In this episode, David shares how he led Pennsylvania to unprecedented savings through strategic sourcing initiatives and a powerful approach to communication: How to build support for procurement transformation, even against significant resistance, while also staying aligned with company leadership Why supplier performance management should be a high priority for procurement and how a lack of visibility into early warning signs can lead to major failures How procurement leaders can break through organizational barriers by getting out from behind their desks and experiencing operations firsthand Links: David Yarkin on LinkedIn Pennsylvania Did DOGE Before Elon Musk Made It Cool Subscribe to This Week in Procurement Subscribe to Art of Procurement on YouTube…

Art of Procurement

1
799: Procurement 6 | May 2nd, 2025 10:21

6 days ago10:21

10:21

Procurement 6 is a short podcast from Art of Procurement that publishes 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 has 6 short segments that summarize the week in procurement. Segments range from procurement tips to podcast summaries, from details of events to news or overviews of blog posts that capture our attention.…

Art of Procurement

1
BTW EP 08: The Phil-Ins: In Search of Equilibrium with Phil, Kelly, and Rich 31:22

8 days ago31:22

31:22

More than one hundred years after John C. Dinsmore wrote in Purchasing Principles and Practices that “there should be no great chasm between the board of directors who represent the stockholders whose money is spent and the person who does the spending,” procurement is still struggling with the same fundamental problem of misalignment. In the eighth episode of “Buy: The Way…To Purposeful Procurement,” Philip Ideson, Kelly Barner, and Rich Ham, CEO at Fine Tune, convene to grapple with the insights – and even a few uncomfortable truths – uncovered in their recent conversations with procurement veterans Rob Hills and Kate Vitasek (episodes 6 and 7, respectively). Rich, Phil, and Kelly challenge conventional wisdom about cost avoidance (is it just “funny money,” after all?), the gap between negotiation and execution, and why procurement’s performance metrics have remained largely unchanged over the years, despite their obvious flaws. This conversation challenges procurement to think about the practices, processes, or assumptions that no longer serve them, and it also sets the stage for upcoming episodes that will begin to explore tangible solutions to these and other challenge areas. Tune in as the co-hosts gear up for their upcoming discussion with David McCarty and prepare to tackle new definitions of procurement value that could finally liberate procurement from its self-imposed “savings jail.” The path to purposeful procurement is becoming clearer with each episode……

Art of Procurement

1
798: Bridging the Gap Between Procurement and Legal W/ Paul Bagley 39:50

10 days ago39:50

39:50

“I understand that tension between procurement and legal could happen, but it really is a disservice to each other. It's like two brothers fighting. It doesn't make any sense.” - Paul Bagley, Director of Commercial Contracting, Acosta Group Procurement and legal often find themselves at odds, despite the fact that they’re usually working toward the same goals for the business. We can usually trace this tension back to a few key areas like contract cycle times, risk management approaches, decision-making processes, or contract negotiations. But, when procurement and legal are true collaborators and combine their expertise, they can create measurably better outcomes for the business. To get to that point, both sides need to get to the root of the tension and develop workable processes and expectations that leverage the strengths of both teams without creating bottlenecks or roadblocks… for anyone. In this episode of Art of Procurement, Philip Ideson speaks with Paul Bagley, Director of Commercial Contracting at Acosta Group. Paul has a unique perspective as both an attorney and an experienced procurement professional. Because of that, he is able to directly challenge the notion that conflict between procurement and legal is inevitable, and he advocates instead for a more collaborative, supportive approach between the two. In this episode, Paul explains: How effective category management is the key to creating alignment between procurement, legal, and business stakeholders The importance of empowering procurement with clear contract guidelines and fallback provisions so legal doesn’t become unnecessarily overinvolved Best practices for working with outside council or third-party legal teams Practical ways procurement can level-up their knowledge about legal’s role, improve their contracts, and stay current on what risks to look out for Links: Paul Bagley on LinkedIn The Future of Digital Contract Management Subscribe to This Week in Procurement Subscribe to Art of Procurement on YouTube…

Art of Procurement

1
797: Procurement 6 | April 25th, 2025 10:04

13 days ago10:04

10:04

Art of Procurement

1
796: How Should Procurement Respond to Tariffs? W/ Richeek Maitra 34:53

17 days ago34:53

34:53

“You’re not going to be able to completely eliminate your tariff exposure. There are three frames under which to think about tariffs: How will you mitigate in the short term? How will you think about it in the medium term from your customer's perspective and pricing? And how will you think about a long-term realignment of supply chains?” - Richeek Maitra, Director, AlixPartners With tariffs dominating the news cycle and sending global markets on a wild ride, procurement is scrambling to figure out the practical implications of tariffs on global supply chains and their own organization’s procurement strategy. In this timely Art of Procurement podcast episode, host Philip Ideson welcomes Richeek Maitra, a Director at AlixPartners and an expert on tariffs and their effects on the global supply chain and procurement operations. As Richeek advises, procurement shouldn’t (over) react to every single news story about tariffs, but everyone should be planning both short- and long-term strategies to safeguard their organizations from negative tariff-related fallout while still maintaining a competitive advantage. In short, procurement shouldn’t act as if the sky is falling, but they shouldn’t stick their heads in the sand and pretend it’s just business as usual either. In this episode, Richeek explains: How procurement should interpret new tariff announcements and estimate potential impacts on specific spend categories and supplier relationships A practical response framework to tariffs that includes immediate tactical moves (like duty engineering) to long-term supply chain restructuring How to adopt a rational approach to China sourcing decisions that balances global trends with company-specific circumstances Links: Richeek Maitra on LinkedIn Subscribe to This Week in Procurement Subscribe to Art of Procurement on YouTube…

Art of Procurement

1
795: Procurement 6 | April 18th, 2025 9:02

20 days ago9:02

9:02

Art of Procurement

1
BTW EP 07: Seeking Balance in Buyer-Seller Dynamics with Kate Vitasek 38:50

22 days ago38:50

38:50

In this seventh episode of the “Buy: The Way…To Purposeful Procurement” podcast series, Art of Procurement’s Philip Ideson and Fine Tune CEO Rich Ham take a deep dive into procurement history with Kate Vitasek, Faculty of Graduate and Executive Education at the University of Tennessee, and architect of the groundbreaking Vested methodology. With over 15 years of research and eight books dedicated to buyer-supplier strategic partnerships, Kate shares her insight into how procurement has traditionally tended to extract value from suppliers through power plays, as opposed to creating value through collaboration and alignment around mutually ‘Vested’ interests. She traces the historical roots of this dysfunction back to the 1980s with the rise of the Kraljic Matrix and Michael Porter's competitive strategies, both of which further embedded power-based negotiations into procurement's DNA. Drawing inspiration from the Vested approach, Kate: Advocates for moving away from transaction-based buyer-seller relationships to outcome-based strategic partnerships where both parties have a genuine vested interest in one another’s mutual success, and Explains this dynamic by sharing examples of organizations that have transformed their supplier relationships by transforming how they measure success, structure contracts, and distribute value across their supplier network. This episode challenges procurement to recognize when they're spinning their wheels with outdated supplier management tactics and encourages them to reimagine what's possible when buyers and suppliers align their interests toward genuine value creation and purpose-driven procurement. Links: Kate Vitasek on LinkedIn Rich Ham on LinkedIn Learn more at FineTuneUs.com…

Art of Procurement

1
794: What Matters Most in Modern Procurement Hiring W/ Derek Lutz 40:42

24 days ago40:42

40:42

“Procurement isn’t just a cost center; it’s a true value driver. So when they’re recruiting, CPOs and heads of procurement are looking for someone who's current and who is bringing ideas to the table. They’re not just hiring buyers anymore.” - Derek Lutz, Founder and CEO, Lean Six Search As economic and geopolitical instability sends ripples of doubt across global supply chains, the question of which procurement skills will remain valuable, as well as which ones are becoming obsolete, has never been more relevant. In this episode, host Philip Ideson talks about the evolving challenges of procurement talent acquisition and retention with Deerek Lutz, Founder and CEO of Lean Six Search. Derek has filled roles in over 50 countries (and has himself travelled to 173), and he offers a truly global perspective on procurement talent trends. Derek shares his perspective on the shifting nature of procurement leadership, as well as what makes candidates stand out in today’s job market. His insights include commentary on: The most resilient (and recession-proof) procurement jobs that remain in high demand, even in uncertain markets The ways CPOs are looking beyond traditional backgrounds to level-up their teams, including recruiting from adjacent functions like finance, sales, or operations The evolution of procurement’s most valuable skills, and storytelling and commercial innovation have eclipsed technical experience Links: Derek Lutz on LinkedIn Subscribe to This Week in Procurement Subscribe to Art of Procurement on YouTube…

Art of Procurement

1
793: Procurement 6 | April 11th, 2025 12:38

27 days ago12:38

12:38

Art of Procurement

1
792: Catalyst LA Sneak Peak: Procurement’s New Transformation Playbook with Natasha Gurevich 39:46

4 weeks ago39:46

39:46

“Transformation is not just about how it's going to impact procurement, but about how it's going to impact the entire enterprise through the efforts that will be happening within the procurement function.” - Natasha Gurevich, Founder & CEO, Candor Procurement Going through procurement transformation without the right approach in place and without support from the business is a bit like sailing into a storm… with a blindfolded crew. Your chances of making it to the other side in better shape than you started are slim to none. In this Art of Procurement podcast episode, co-hosts Philip Ideson and Kelly Barner speak with returning AOP guest Natasha Gurevich. Natasha is a former CPO of Nike and Salesforce, and she is currently the Founder and CEO at Candor Procurement. This wealth of procurement leadership makes Natasha the perfect mainstage guest at Art of Procurement’s upcoming live, in-person event – Catalyst LA – taking place on May 6, 2025, in Los Angeles, California. In this episode, Natasha explains why Catalyst LA promises to be one of the most unique and value-generating procurement events she’s ever attended and what attendees can expect to take away from the event. Natasha also discusses: The difference between business-as-usual changes and full-scale transformation, and why transformation is such an urgent priority for so many procurement teams this year How CPOs and CFOs look at transformation differently, including ways to bridge that perception gap Why rethinking the current operating model is top of mind for most procurement leaders right now, and what Catalyst LA can do to help Links: Catalyst LA - May 6, 2025 Subscribe to This Week in Procurement Subscribe to Art of Procurement on YouTube Leading Through Change with Former Fortune 100 CPO Natasha Gurevich Natasha Gurevich on LinkedIn…

Art of Procurement

1
791: Procurement 6 | April 4th, 2025 9:11

5 weeks ago9:11

9:11

Art of Procurement

1
BTW EP 06: The Foothills of the Flaws; Retracing Procurement’s Path with Rob Hills 38:19

5 weeks ago38:19

38:19

It’s been a long, winding road that has brought procurement to its current state of flawed incentive structures and measurement challenges. Rob Hills, CEO of Hills Advisory Services and former Deloitte partner, has seen it all unfold firsthand. But recognizing problems and how they were created is only half of the battle. With over three decades of procurement experience that stretches back all the way to the formative days of strategic sourcing at A.T. Kearney in the mid-1990s, Rob has seen the classic procurement dilemma play out more times than he would have liked. CPOs “plant a victory flag” on savings while CFOs fail to see procurement’s win materialize on the P&L. In the sixth episode of “Buy: The Way…To Purposeful Procurement,” co-hosts Rich Ham and Philip Ideson speak with Rob about this measurement gap, how it has evolved over time, and why procurement’s measurement and incentive systems have remained largely unchanged over the years, despite their obvious flaws. Rob also offers a unique historical perspective of the disconnect between negotiation and execution, especially as procurement grapples with balancing increasing workloads and larger portfolios of spend with shrinking resources. Rob, Phil, and Rich also explore potential innovative thinking about incentives, metrics, and process design that could finally address the longstanding challenges in demonstrating procurement’s full purpose, value, and impact for the business. Links: Rob Hills on LinkedIn Rich Ham on LinkedIn Learn more at FineTuneUs.com…

Art of Procurement

1
790: The Key to Doing More with Less? Evolve Procurement’s Operating Model 35:11

5 weeks ago35:11

35:11

“We’re seeing data around the acceleration of procurement having to ‘do more with less’ and this is compounding year over year, so at some point, procurement’s operating model is going to break.” – Philip Ideson, Co-Founder and Managing Director, Art of Procurement Procurement teams are facing unprecedented and compounding pressure to “do more with less,” and, because of that, it’s more important than ever for procurement’s operating model to evolve and mature to meet these growing demands. In this episode, co-hosts Kelly Barner and Philip Ideson explore why procurement operating models have become such a top-of-mind topic in 2025 and what this reveals about process change, talent needs, and digital transformation. They examine how procurement’s organizational approach has changed over the years and the pendulum swings we’ve seen – from decentralized buying to centralized control, then from center-led and now to a kind of “invisible” procurement model. In this episode, Phil and Kelly also discuss: The major trends and changes in procurement operating models and how, at each stage, this has affected procurement’s reputation and role in the business How to create more capacity by maturing your operating model and the different stages of operational maturity The CPOs role in establishing a strong operating model, including how and when to leverage orchestration platforms and AI Links: Positioning Procurement for Strategic Success in 2025 w/ Samir Khushalani Mastering the First 100 Days as a CPO w/ Darshan Deshmukh The Hackett Group's 2025 Key Issues Study: Insights on Procurement Priorities, Technology, and Operating Models w/ Chris Sawchuk Subscribe to This Week in Procurement Subscribe to Art of Procurement on YouTube…

Art of Procurement

1
789: Procurement 6 | March 28th, 2025 10:32

6 weeks ago10:32