Category Archives: Big Ideas Summit

Be Brave or Be Dead – A Futurist View of Supply Chains

There are two types of company left – brave or dead. Considering what’s coming in the next 15 years, now is definitely the time to be brave.

Increasingly, there are only two kinds of companies: brave and dead.

When world renowned speaker and author, Seth Godin, talks about the future of businesses, people listen. And when Godin warns of extinction if companies aren’t brave, then you certainly want to be in the first category.

Change is coming. Not only for procurement and supply chains, but for businesses as a whole. And businesses that choose to bury their heads in the sand on key issues aren’t going to survive long. But what are the key issues they need to be focusing on?

Respected futurist, entrepreneur, and author of global best-seller, ‘An Optimist’s Tour of the Future‘, Mark Stevenson, is one man who understands the key trends heading our way. An expert on global trends and innovation, he will be setting the scene with our opening keynote at the Big Ideas Summit 2017 in London.

A Futurist’s Perspective

We’re well aware of the technological changes coming our way in the next 10-15 years. Automation, AI, and 3D printing, amongst others, have all made headlines already given their impact on manufacturing, supply chains and business models.

Industry 4.0 has presented organisations with an immense opportunity to change the way they work. However, there are still too many companies with their heads in the sand, being left behind.

According to Stevenson, there are several technology waves coming in the next decade. With each one, industries will be disrupted, but new models and strategies will arise. Companies need to account for three key components – geo-politics; geo-economics; and geo-technology.

This isn’t an either/or situation – all three are crucial. But the companies that can take advantage of these waves will not only attract the best staff, they will seriously outperform all their rivals.

The Energy Race

One of the first waves will be in renewable energy, and a final step away from fossil fuels. Even oil-rich nations like Saudi Arabia are planning for this future, advising they will be ‘getting out of oil’ in the next 20 years. Even now, organisations are generating their own energy, or are buying energy through co-operatives. The traditionally big players in the industry will increasingly be bypassed, as energy gets cheaper and more locally generated, something that can only be a benefit for individuals and organisations.

Financial Services Disruption

What will happen to the Financial Services industry? Can it survive this disruption? Yes, but it will need to evolve to survive. Stevenson uses the example of the blockchain as a key disruptor. He is on the board of a new bank which embraces blockchain and has about 50 staff.

This is a far cry from the enormous, staff heavy traditional models, who have thousands of staff praying that blockchain is just a bad dream, hampering their ability to innovate. As the novelist Upton Sinclair noted “It’s difficult to get a man to understand something when his salary depends on him not understanding it”.

Manufacturing Revolution

An area where supply chains are already seeing major disruption is in manufacturing. Of this revolution, Stevenson highlights the potential for 3D Printing.

Organisations can bring much manufacturing in house. Designs can be downloaded and printed on site, at a fraction of the cost in some cases. One industry looking at this is pharmaceuticals – the first 3D printed drug is already FDA approved.

Unlocking the Genome

 Genetics and Bio-Technology represent a technological wave that many have yet to consider. Advancements in human longevity change the game for the medical industry, but leave organisations with decisions to make on staff. What do retirement, long-term strategy, even relationships look like if we might live healthily past 100? And, to loop back to the energy race, bio-technology is one disciipline that is already being leveraged to pull CO2 from the skyu and turn it into liquid fuel. Why shouldn’t procurement be at the heart of this revolution too?

Time to Be Brave

 Ultimately, Stevenson’s message boils down to one thing – if you don’t understand the questions technology is asking you, then you’re lost. It might seem brutal, but it’s the truth, and trying to ignore it, or pleading ignorance will mean your company may soon be obsolete.

However, the message here is not intended to be doom and gloom. Stevenson reminds us that one option is a future that we can make better for all. He’s keen to engage people on an emotional level, and get them thinking about their careers, and their children’s futures.

It’s time for leaders to engage their hearts, not just their minds. It’s time for us all to get our heads out of the sand and look up. And if we all listen carefully at the Big Ideas Summit 2017, we’ll certainly learn a great deal about our role in making the future sustainable, human, compassionate and just.

Join the conversation and register as a digital delegate for Big Ideas 2017.

Fasten Your Seatbelts: You’re Going Global!

The Big Ideas Summit, powered by Procurious, is embarking on a world tour. And you’re all invited! 

Register as an online delegate for The Big Ideas Summit in London here.

Fasten your seatbelt, fold away your tray table and return your seat to the upright position – we’re taking you and your procurement career on an epic journey!

Funding might be tight and you can’t even remember the last time you had a spare second to give to your career development but, in 2017, everything changes!

Procurious will be bringing you the best in procurement thinking from our events around the world. And the best news? You’ll be able to access all of the content for free and at your leisure; whether it’s from your desk, on the go or in the comfort of your own home.

19,000 Procurious Members On Tour

For the past two years, Procurious has hosted The Big Ideas Summit, the world’s first digitally-led procurement event, in London.

The event has earned a global reputation as the most innovative leadership event for the procurement profession and 2017 promises to be just as exciting and thought provoking as we officially go global!

This year, we’ll be taking you around the globe with events taking place in London, Singapore, Sydney, Chicago and Dubai.

Wherever you are in the world you can fully participate for free by registering for each individual event as a digital delegate. You’ll be joining a community of 19,000+ procurement professionals, from 140+ countries, on Procurious to connect, learn, discuss and innovate together.

What is the Big Ideas Summit?

The Big Ideas Summit is an interactive, online event where up to 50 senior executives, industry thought-leaders and CPOs come together to connect with digital delegates from across the globe via our social media platform to discuss and test strategies and solutions for real world change.

2017 looks set to be a huge year for procurement thanks to rapid technology developments including advancements in cognitive tech and Industry 4.0. Surely there’s no better time to expand The Big Ideas Summit by sourcing ideas from top thought leaders not just in London, but around the world.

The procurement function must adapt and evolve to accommodate these technology changes and be ready to embrace what we’re calling Procurement 4.0. The question is: Are We There Yet?

The Flights Are Booked! Where Are We Going?

The Big Ideas Summit, London – 23rd February 2017 

Procurement 4.0: Are We There Yet?

We’ve got a jam packed agenda lined up for the primary event of the year. Our speakers will include:

  • John Macfarlane: Chairman, Barclay’s PLC
  • Linda Yueh: Fellow in economics, Oxford University,  Adjunct Professor of Economics at London Business School
  • James Bannerman: Creative Change Agent, Author of Genius
  • Mark Stevenson: Futurist, Author of An Optimist’s Tour of the Future

Nexus, Singapore – 30th March 2017

Navigating Procurement’s interface between cost and risk. Singapore’s NEXUS event will focus on managing the critical interface between growth and cost.

Pivot, Sydney – 17- 18th May 2017

Asia-Pacific CPO forum. Disrupting a decade of Big Ideas in Procurement.

Scrum, Chicago – 28th September 2017

A Procurement & Supply Chain Technology Sprint. Chicago’s SCRUM TM event will focus on the way technology is disrupting the workforce and reimagining how procurement value is delivered.

Reboot, Dubai – 23rd November 2017

Designing the Procurement 4.0 Workforce. Dubai’s REBOOT will focus on the talent and people implications of disruption created by Industry 4.0.

Buckle Up, We’re Ready For Take Off! 

The Big Ideas Global Event Series 2017 promises to light up social media, sparking vigorous discussions and crowd-sourcing ideas for the future of the profession but we can’t do it without you! We need your intput your questions and, of course, your big ideas for procurement.

By Registering As A Digital Delegates You Can…

  • Gain access to insightful discussions via our Big Ideas Summit 2017 groups
  • Connect with our influencers and ask questions live on the day of the events
  • Share big ideas for procurement with the Procurious community
  • Follow the day’s events live via our social media channels
  • Access video content from our speakers and attendees on the day and post-event

Who needs a workplace mentor when you can take your pick from the most exciting procurement influencers that the world has to offer?

You can now register free of charge as a digital delegate for our London event! What are you waiting for? Grab your passport and let’s go!

Big Ideas Summit 2016: Big Idea #31 – Successful Supportive Relationships

Is procurement too focused on risk in contracts? And is this view point harming its ability to build good relationships?

At the Big Ideas Summit 2016, we challenged our thought leaders to share their Big Ideas for the future of procurement.

From ideas that have the potential to change the very nature of the procurement profession, to ones that got the assembled minds thinking about the profession’s impact outside of the organisation, the response we received was amazing.

Building Successful Relationships

Chandru Dissanayeke, Deputy Director at the UK Government Commercial Function, argues that procurement focuses more on the risk aspect in contracts, rather than building on successful outcomes for both buyer and supplier.

Chandru believes that procurement can build good relationships by being interested in the success of the supplier as a business. However, at the same time procurement should be supporting the supplier to manage risk where applicable.

The final factor for the relationship needs to be sharing information and lessons openly with all parties.

Catch up with all the delegates’ Big Ideas from the 2016 Summit at the Procurious Learning Hub.

Want to find out more about Big Ideas 2016? And maybe what we have planned for 2017? You can visit our dedicated website!

If you like this (and you haven’t done so already) join Procurious for free today. Get connected with over 19,500 like-minded procurement professionals from across the world.

Big Ideas Summit 2016: Big Idea #30 – Buy Social Challenge

Supply chains need to be transparent, and also more socially and environmentally sustainable. That’s why we’re challenging professionals to ‘Buy Social’.

At the Big Ideas Summit 2016, we challenged our thought leaders to share their Big Ideas for the future of procurement.

From ideas that have the potential to change the very nature of the procurement profession, to ones that got the assembled minds thinking about the profession’s impact outside of the organisation, the response we received was amazing.

Buy Better, Buy Social

Peter Holbrook, CEO of Social Enterprise UK, introduced the assembled professionals to the ‘Buy Social Challenge’. The aim of the Challenge is to grow £1 billion of spend in the UK with social enterprises.

Peter argues that procurement needs to make supply chains much more transparent, as well as more socially and environmentally sustainable. By working with social enterprises, they can both do well, and do good, at the same time.

Catch up with all the delegates’ Big Ideas from the 2016 Summit at the Procurious Learning Hub.

Want to find out more about Big Ideas 2016? And maybe what we have planned for 2017? You can visit our dedicated website!

If you like this (and you haven’t done so already) join Procurious for free today. Get connected with over 18,500 like-minded procurement professionals from across the world.

Big Ideas Summit 2016: Big Idea #29 – Hug a Maverick

Need a different solution to help stop maverick spend in your procurement organisation? Why not hug a maverick?

At the Big Ideas Summit 2016, we challenged our thought leaders to share their Big Ideas for the future of procurement.

From ideas that have the potential to change the very nature of the procurement profession, to ones that got the assembled minds thinking about the profession’s impact outside of the organisation, the response we received was amazing.

Give Them a Hug

Stuart Brocklehurst, Chief Executive at Applegate Marketplace, argues that procurement’s importance to the organisation has never been greater. However, it still only has influence over a small proportion of the spend area it’s responsible for.

Stuart also believes that this change cannot come about by ordering changes and laying down the law. But procurement can start the process by “hugging a maverick” – engaging with people and enabling them to understand the benefits of working closely with procurement.

Catch up with all the delegates’ Big Ideas from the 2016 Summit at the Procurious Learning Hub.

Want to find out more about Big Ideas 2016? And maybe what we have planned for 2017? You can visit our dedicated website!

If you like this (and you haven’t done so already) join Procurious for free today. Get connected with over 18,750 like-minded procurement professionals from across the world.

Big Ideas Summit 2016: Big Idea #28 – Outcome Focused Engagements

Procurement needs to focus on the outcome, the why, of every conversation it has with suppliers and stakeholders.

At the Big Ideas Summit 2016, we challenged our thought leaders to share their Big Ideas for the future of procurement.

From ideas that have the potential to change the very nature of the procurement profession, to ones that got the assembled minds thinking about the profession’s impact outside of the organisation, the response we received was amazing.

Focus on the Outcome

How can procurement professionals drive value for their organisations? For a start, they need to focus on the outcome of their conversations and supplier engagements before they have them.

Chris Cliffe, Director at CJC Procurement, believes that an outcome focus can help procurement in a number of ways. From inspiring their suppliers to wanting to work with them, and also understanding the needs of the other party, it will all ultimately drive a better relationship.

Catch up with all the delegates’ Big Ideas from the 2016 Summit at the Procurious Learning Hub.

Want to find out more about Big Ideas 2016? And maybe what we have planned for 2017? You can visit our dedicated website!

If you like this (and you haven’t done so already) join Procurious for free today. Get connected with over 18,500 like-minded procurement professionals from across the world.

Big Ideas Summit 2016: Big Idea #27 – Mastering Digital Information

The wealth of digital information available to procurement is a game changer. But only if it can make sense of it in the first place.

At the Big Ideas Summit 2016, we challenged our thought leaders to share their Big Ideas for the future of procurement.

From ideas that have the potential to change the very nature of the procurement profession, to ones that got the assembled minds thinking about the profession’s impact outside of the organisation, the response we received was amazing.

Digital Innovation & Agility

There are three major themes confronting procurement leaders and organisations – digitalisation, innovation and agility. The management of this wealth of digital information will be key in securing procurement’s future.

Giles Breault, Principal and co-Founder at The Beyond Group, discusses why procurement needs to both be more agile in this modern environment. The profession will also need make sense of big data in order to understand how it will change the management of supply chain.

Catch up with all the delegates’ Big Ideas from the 2016 Summit at the Procurious Learning Hub.

Want to find out more about Big Ideas 2016? And maybe what we have planned for 2017? You can visit our dedicated website!

If you like this (and you haven’t done so already) join Procurious for free today. Get connected with over 18,500 like-minded procurement professionals from across the world.

Big Ideas Summit 2016: Big Idea #26 – Changing Talent Management

Procurement needs to change its approach to talent management or risk losing out with the Millennial Generation.

At the Big Ideas Summit 2016, we challenged our thought leaders to share their Big Ideas for the future of procurement.

From ideas that have the potential to change the very nature of the procurement profession, to ones that got the assembled minds thinking about the profession’s impact outside of the organisation, the response we received was amazing.

Talent Management Approach

The growth of the Millennial Generation in the workforce shouldn’t be viewed by procurement as a threat, but an opportunity. That’s the view of Melani Flores, Practice Leader, Procurement Advisory EMEA at The Hackett Group.

However, Melani also believes that procurement doesn’t have the talent management processes in place to work with this generation. In order to train them, and enable them to work to the best of their ability, procurement needs to change its approach.

Catch up with all the delegates’ Big Ideas from the 2016 Summit at the Procurious Learning Hub.

Want to find out more about Big Ideas 2016? And maybe what we have planned for 2017? You can visit our dedicated website!

If you like this (and you haven’t done so already) join Procurious for free today. Get connected with over 18,500 like-minded procurement professionals from across the world.

Big Ideas Summit 2016: Big Idea #25 – Collaboration is King

Collaboration is king, particularly when it comes to procurement. And it can also help drive huge benefits across the board.

At the Big Ideas Summit 2016, we challenged our thought leaders to share their Big Ideas for the future of procurement.

From ideas that have the potential to change the very nature of the procurement profession, to ones that got the assembled minds thinking about the profession’s impact outside of the organisation, the response we received was amazing.

Building Cross-Sector Collaboration

Kavita Cooper, founder at Novo-K, argues that it’s time for procurement to become more active in collaboration, particularly between the private sector and the charity sector.

Kavita says there are huge benefits in building this collaborative environment. Procurement professionals can build their skills, while charities can tap into tools and best practice from the private sector. Additionally, there are benefits for society, with charities being able to focus on their beneficiaries and purpose.

Catch up with all the delegates’ Big Ideas from the 2016 Summit at the Procurious Learning Hub.

Want to find out more about Big Ideas 2016? And maybe what we have planned for 2017? You can visit our dedicated website!

If you like this (and you haven’t done so already) join Procurious for free today. Get connected with over 18,500 like-minded procurement professionals from across the world.

Big Ideas Summit 2016: Big Idea #24 – Sharing Procurement Expertise

Procurement professionals have a great opportunity to develop themselves, and helps others, by sharing expertise in the charity sector.

At the Big Ideas Summit 2016, we challenged our thought leaders to share their Big Ideas for the future of procurement.

From ideas that have the potential to change the very nature of the procurement profession, to ones that got the assembled minds thinking about the profession’s impact outside of the organisation, the response we received was amazing.

Sharing Expertise

David Lyon, CPO at Cancer Research UK, believes there is a now great opportunity for organisations to share procurement expertise. Procurement professionals can push their development, and give something back, by working with the charity sector.

David states that, in the age of CSR and transparency, young people can grow their own careers by gaining insight and knowledge in procurement by working with charities.

Catch up with all the delegates’ Big Ideas from the 2016 Summit at the Procurious Learning Hub.

Want to find out more about Big Ideas 2016? And maybe what we have planned for 2017? You can visit our dedicated website!

If you like this (and you haven’t done so already) join Procurious for free today. Get connected with over 18,500 like-minded procurement professionals from across the world.