Odgers Berndtson’s Post

How can Chief Procurement Officers effectively address board concerns? As the procurement landscape continuously changes and presents new challenges, CPOs must balance managing supply chain disruptions while capitalising on procurement opportunities. Lucy Harding discusses the five most critical board concerns that CPOs need to address. Read the full article here: https://lnkd.in/e2UXEUsS #Procurement #CPO #SupplyChain #ExecutiveSearch #WhereLeadershipMatters

Do you know of an organisation, individual or project demonstrating exceptional performance, innovation and strategic thinking in procurement and supply chain? Discover four of the categories you can enter for The Global Procurement & Supply Chain Awards in 2024, submissions are now open! #Awards #Procurement #SupplyChain #Innovation Supply Chain Digital Procurement Magazine Procurement & Supply Chain LIVE

Do you know of an organisation, individual or project demonstrating exceptional performance, innovation and strategic thinking in procurement and supply chain? Discover five of the categories you can enter for The Global Procurement & Supply Chain Awards in 2024, submissions are now open! #Awards #Procurement #SupplyChain #Innovation Supply Chain Digital Procurement Magazine Procurement & Supply Chain LIVE

Happy Wednesday! 📈 Today we talk about cost reduction in procurement. We talk about strategies used by industry leaders like Walmart and discover practical tips for optimizing your #TotalCostOfOwnership. Don't miss out – read now! 💼 Stay informed, stay strategic, still for free. ⬇️ https://lnkd.in/eJVBjFuf #Procurement #SupplyChain #CostReduction 🚀

Traditional procurement has been primarily focused on ensuring the security of the supply chain, however, to navigate today’s dynamic market environment effectively, this mindset needs to shift. It’s time for procurement professionals to look for ways to optimise the supply chain beyond the immediate purchase of goods and services. Here are six steps to help you pave the way for a new future and be on your way to a more optimised supply chain: https://lnkd.in/eKgSJYAT #Procurement #SupplyChain

𝐔𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠 𝐏𝐫𝐨𝐜𝐮𝐫𝐞𝐦𝐞𝐧𝐭 𝐯𝐬. 𝐒𝐮𝐩𝐩𝐥𝐲 𝐂𝐡𝐚𝐢𝐧 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭: 𝐊𝐞𝐲 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 Procurement and supply chain management are often used interchangeably but differ significantly in their roles and impact on business operations. Procurement focuses on sourcing and acquiring goods and services, while supply chain management ensures the seamless flow of these goods from origin to delivery. In our latest blog, we delve into the core differences between these functions and outline actionable steps to enhance their efficiency. Discover how aligning procurement strategies with supply chain goals can drive cost savings, improve collaboration, and ensure sustainable business growth. 👉 𝐑𝐞𝐚𝐝 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐛𝐥𝐨𝐠 𝐡𝐞𝐫𝐞: https://shorturl.at/MhGK4 Let us know your thoughts on the evolving role of these functions in modern businesses. #SupplyChainManagement #Procurement #BusinessInsights

As procurement professionals, we have two primary responsibilities: 1. Secure materials and services, and 2. Do so in a way that supports the business strategy and bottom line. Emerging technology platforms are making time- and resource-intensive tasks easier, helping CPOs better strategically analyze their spending.     2023 Research Insights for CFOs found that 82% of procurement leaders admit their indirect spending is not well managed, leaving money on the table. Harnessing data and technology solutions like group purchasing decisions (GPOs) is essential for strategic purchasing decisions.      In a new Supply Chain Management Review Magazine article, I discuss how e-commerce technology can provide critical insights that maximize your resources. Click here to read more: https://bit.ly/3Aa7qeZ     #CFO #CPO #Procurement #ProcurementTechnology #Ecommerce 

Traditional procurement has been primarily focused on ensuring the security of the supply chain, however, to navigate today’s dynamic market environment effectively, this mindset needs to shift. It’s time for procurement professionals to look for ways to optimise the supply chain beyond the immediate purchase of goods and services. Here are six steps to help you pave the way for a new future and be on your way to a more optimised supply chain: https://lnkd.in/er28tSGf #Procurement #SupplyChain

Do you know of an organisation, individual or project demonstrating exceptional performance, innovation and strategic thinking in procurement and supply chain? Discover the final five of the categories you can enter for The Global Procurement & Supply Chain Awards in 2024, submissions are now open! #Awards #Procurement #SupplyChain #Innovation Supply Chain Digital Procurement Magazine Procurement & Supply Chain LIVE

Procurement leaders: Is tail spend eating away at your bottom line? New data shows 91% of professionals struggle with maverick spend, and 87% saw it increase last year. But there's hope! Learn how SDI's Supply Chain Cooperative is helping organizations: - Cut costs by 15-20% - Increase spend visibility - Streamline procurement processes - Access top suppliers across categories Discover how to revolutionize your procurement strategy and tackle tail spend head-on. Read the full article here: https://hubs.la/Q02NZBZZ0 #SDI #Procurement #SupplyChain #CostSavings #TailSpend #MRO