Tag Archives: Big Ideas Summit 2017

Learning the Fine Art of Creativity

We live in an ideas economy where creativity is the new currency. So is it possible for those with less artistic flair to learn how to get their creative juices flowing? 

Register as an online delegate for the London Big Ideas Summit 2017 here.

Everyone’s A Little Bit Creative 

Many of us enjoyed a childhood spent imagining, innovating and creating whether we were painting pictures, constructing dens from cardboard boxes or inventing fantastical make-believe games.

Indeed, the vast majority of research into child psychology suggests that we are all born naturally creative but we subsequently endure an education system or working environment in which our imaginations are more or less stamped out of us.

James Bannerman, a creative change agent and author of Non-Fiction best-seller Genius: Deceptively Simple Ways to Become Instantly Smarter, firmly believes that everyone has the capacity to be creative and innovative. Of course, some adults demonstrate greater potential than others but by employing certain techniques and embracing our inner creativity, we can all achieve additional moments of pure genius.

In a world where innovation is the new currency, procurement teams that fail to execute their ideas with originality will fall behind and die. James will be on hand at the Big Ideas Summit 2017 in London to give our CPOs and online delegates tips to release the creative genius in their teams.

Innovate Or Die

The maxim that organisations must innovate or die has never been more true thanks to rapid technology developments and fierce competition. In procurement, CPOs need to foster their intrapreneurs and work to achieve what Bannerman calls a ‘return on inspiration’:

“ It is easy to become fixated by Return On Investment in business, and often with good reason. The problem with traditional ROI, however, is that it is built upon ‘known returns’.

Creative Thinking, however, is more closely connected with ‘surprise returns’. You don’t always know what you’re going to get at the end of it – because creativity involves ‘the defeat of habit by originality’ (as Arthur Koestler once said in his 1964 classic The Art of Creation.

Yet, to those with an open mind, it can still be worth exploring the world of “return on inspiration”, as the ad agency Golley Slater referred  to it,  to see what comes out the other side”

At the Big Ideas Summit 2017, Bannerman will be putting 50 CPOs through their paces as he introduces them to lateral thinking exercises.

“ During our interactive session we will look at the C.A.N.D.O. model – which I write about in Genius!  This pinpoints the 5 main ways to come up with new ideas, whatever the challenge and whatever the problem: New Connections, New Alterations, New Navigations, New Directions and New Oppositions.

Before we explain what they are, and how they can be used in the real world of work, however, we’ll start off with a few Lateral Thinking exercises.

Take the question ‘What do you lose everytime you stand up ?’ for example. Many people struggle with this question, because they approach it far too rigidly and logically.”Maybe you lose your balance?” or “Maybe you lose the comfort of your chair” etc… If you apply a little Lateral Thinking and spin the question around, however, it can start to become much easier. ‘What do you gain everytime you sit down’ ? You gain a lap!

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

Procurement 4.0 – The Future of Digitalisation

Procurement 4.0 is real. But opinions differ as to whether it is a key opportunity for the profession, or a supporting tool.

Download your copy of ‘Procurement 4.0 – The Digitalisation of Procurement’ on the Fraunhofer IML website.

The fourth industrial revolution is a reality. Over the past year we have heard experts discuss Industry 4.0 and its impact on global supply chains. Now, our attention is being turned to the concept of Procurement 4.0 – what it means, and the challenges and benefits facing the profession.

What is clear is that Industry 4.0 offers procurement a great opportunity to cement its strategic role in organisations. However, even now the role that digitalisation will play is still up for debate.

A pilot study from the Association Supply Chain Management,
Procurement and Logistics (BME) has highlighted a difference of opinion between procurement leaders on the role of Procurement 4.0. On one hand, some believe it will help drive procurement’s strategic presence. On the other, however, some also believe that it is no more than a supporting tool, rather than a driving force.

What is Procurement 4.0?

The concept of Procurement 4.0 encapsulates the array of terms being used to describe changes to global supply chains. One of the key changes is the increasing digitalisation of the profession. From the creation of digital networks, to the increasing use of technology in all facets of business, it represents a sea change in how businesses will run.

According to Prof. Dr Michael Henke, Head of Enterprise Logistics at TU Dortmund University, who helped to conduct the study with BME, so far procurement is lagging behind.

“In the fields of production and logistics, for example, the topics of Production 4.0 and Logistics 4.0 have already been a focus of discussion for several years. As a result, logistics is now often referred to as the area of application for cyber-physical systems and a driving force behind the fourth industrial revolution.

Henke continues, “The field of procurement, on the other hand, is barely ever mentioned in such discussions. This needs to change! As the business area with the most interfaces both within and outside of a company, procurement also needs to be a leading authority for questions concerning Industry 4.0 and its implementation alongside its current role as an innovation scout and expert for technology and management in the future.”

Procurement 4.0 – Starting the Conversation

As Professor Henke notes, this current situation needs to change. In order to create the conversations needed to do this, BME announced a pilot study on the digitalisation of procurement.

Procurement managers and CPOs from 25 organisations, as well as two universities took part in the survey. You can download a copy of the study’s findings at the Fraunhofer IML website. The key findings are also summarised below:

  • Procurement is shrinking, and operative procurement is becoming autonomous in most areas.
  • The demands placed on, and expectations of, strategic procurement are growing. And the demand for a higher value contribution is therefore increasing.
  • In the future, procurement will take on a completely different form, and traditional purchasers will be a thing of the past.
  • Personal relationships will also continue to be extremely important in Procurement 4.0.
  • Procurement is not fully responsible for the implementation of Industry 4.0, but it does play an essential role.
  • The changes taking place relate to all relevant dimensions: technologies and systems; organisation and processes; management and people; and also business models.
  • Creating transparency is the most important requirement in order to be able to implement Industry 4.0.
  • Big Data and data processing technologies are key technologies involved in digitalisation, and play a decisive role above all in connection with networking.
  • Procurement needs to adapt its own structures and processes to suit digitalisation.
  • Procurement needs to manage a procurement portfolio that has been partially modified and is becoming increasingly digitalised.
  • Vertical and horizontal networking (by means of technologies) facilitates the transformation from a functional perspective to a process-based perspective. This open up the possibility for the unrestricted digitalisation of procurement and the entire procurement portfolio.
  • Procurement is a driving force behind horizontal networking.

Big Ideas and Digitalisation

Though there is not a consensus on the role of digitalisation in procurement as yet, the pilot is sure to kick-start conversation in this area.

As part of Procurious’ lead in to the Big Ideas Summit 2017, we will be exploring the key findings of the study with help from BME. Over the course of this series of articles, topics will include:

  • The changing nature of Procurement in Industry 4.0
  • The continuing importance of personal relationships in Industry 4.0
  • The changes involved in implementation of Industry 4.0
  • Why transparency is important in implementation
  • The changing procurement portfolio

The Association Supply Chain Management, Procurement and Logistics (BME), founded in 1954, is the leading professional association for supply chain managers, buyers and logisticians in Germany and Central Europe.

Fraunhofer IML, founded in 1981, is a global expert on all fields of internal and external logistics. The Institute also currently heads up the largest logistics research centre in Europe.

To download your copy of the report, visit the Fraunhofer IML website.

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

What’s It All About? The Big Ideas Summit 2017 FAQs

From Mumbai to Melbourne; and Paris to Poughkeepsie, you can take part in the world’s largest procurement event – free.

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

Last week, we announced that the Big Ideas Summit 2017 is going global with events in London, Sydney, Chicago, Dubai and Singapore. If you’re interested in getting involved but still not entirely sure what’s going on, look no further! We’ve compiled a list of our most frequently asked questions to get you fully up to speed!

What is it?

The Big Ideas Summit is a unique online event uniting procurement and supply chain professionals from around the globe to drive innovation and inspire change.   

When is it?

We kick off the global tour in London on 23 February 2017. But a lively conversation has already begun on Procurious! Expect to see most of the action between 09.00 – 17.00 (GMT) as we share video insights, quotes, photos and summary articles direct from London.

If you can’t join the action live, not to worry.  The thought-provoking discussions and debate will continue long after, and we’ll be sharing video footage of all our Influencers Big Ideas throughout February and March on Procurious. 

Where is it?

First stop, London! Although our Top Influencers will be meeting in Soho, due to its digital nature Procurious members across the world can get involved from the comfort of their office, armchair or even from the beach!

Procurious members can also use our iOS App to follow the action. It’s available in the Apple iTunes store and is free to download. 

How can I join in?

You’ll need to be a registered member of Procurious – join here for free if you haven’t already. Then simply access the Big Ideas Summit Group to soak-up thoughtful opinions, participate in insightful discussion, connect with our Influencers, access exclusive podcasts and interviews and share your own Big Ideas with the Procurious community.

We’ll also be live tweeting throughout the day, so make sure you’re following @procurious_ to share and respond to our tweets using the hashtag #bigideas2017.

Do I have to be a member of Procurious?

Yes. Participation as a Digital Delegate is free and open to all members of Procurious. By joining Procurious, you will not only have access to all the exclusive Big Ideas Summit content, but you will join a community of 19,000 like-minded procurement peers and gain access to all Procurious’ free resources, including being able to:

  • Upskill on the move with 80+ eLearning modules
  • Get your procurement questions answered by experts
  • Find out about relevant professional events around the globe
  • Become a digital delegate in the global think-tank, Big Ideas Summit 2017

Will Big Ideas be live-streamed?

Procurious boasts a global audience of 19,000+ procurement professionals, from more than 140 countries. If we were to cater to all of these time zones, it would be a tough job – so rather than live-streaming (and keeping you awake at awkward hours), we’ll share exclusive video and podcast interviews with Digital Delegates.

We will be using Periscope to live stream short videos from the day, but these videos – and all the Big Ideas videos  and podcast interviews – will be made available to you in the days that follow exclusively on Procurious.

I’m on the fence – why should I take part?

Here are five compelling reasons to join your fellow Procurians and stake your claim to the wealth of knowledge on offer:

  1. An audience with 50 of the world’s top procurement influencers
  2. Get your questions answered by world-class experts
  3. Make powerful new contacts around the globe
  4. Share your own Big Idea and make your voice heard
  5. Access exclusive content & learnings 

Who are the ‘Top Influencers’?

The term ‘influencers’ refers to the our 50 face-to-face delegates who attend in each city respectively: London, Sydney, Chicago, Dubai and Singapore.

Our experts span the worlds of procurement, technology, social media, journalism, social media, economics and academia.

Who are the sponsors and media partners?

The Big Ideas Summit is made possible by our partners IBMISMThe Hackett Group, and GEP

I’ve got a Big Idea of my own…

Great to hear! You can Tweet us your Big Ideas @procurious_ remembering to use the hashtag #BigIdeas2017.

Leave your Big Idea on Facebook – you can find us at www.facebook.com/procurious .

And of course you can tell the Procurious community all about it by joining the Big Ideas Group page and posting it to the community feed. 

Who is behind Procurious?

You can read all about us in Our Story.

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

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!

Beating the Procurement Drum – What’s Coming in 2017?

Procurious will continue to beat the drum for procurement in 2017. And here’s what we have planned for you all in the coming 12 months!

procurement drum beat

The traditional 12 days of Christmas might not start until the 26th of December. But this festive season, we’ll be bringing you the 12 days of procurement Christmas in the run up to the big day. Catch up with the story so far on the Procurious Blog. 

“On the twelfth day of Christmas, my true love gave to me…twelve Drummers Drumming.”

We’ve made it to the end of our festive procurement carol. With birds galore, rings, maids, lords and ladies, and pipers behind us, it’s time to look forward.

As we come towards the end of one year, we want to take a look at what’s coming in 2017. So, drummers and all, let’s march into the next twelve months.

Big Ideas, Big Plans

Now in its third year, The Big Ideas Summit is a unique invitation-only event for just 50 of the world’s most influential Procurement leaders. But, as ever, we’ll be inviting the Procurious community to take part as digital delegates.

If you’re new to the site, and haven’t taken part in a Summit yet, then you’re in for a treat. But first, to whet your appetite, here are the three-word Big Ideas our procurement leaders had last year:

So far for 2017, we have confirmed some big-name speakers already, as well as CPOs from a host of global organisations. We’ll have more information in January, so stay tuned!

Can’t make it to London, in person or digitally? You’ll be pleased to hear that we’re expanding our Big Ideas plans for 2017. Not only are we hosting our annual event in London in February, but we’re also planning a globe-trotting agenda for later in the year.

With topics covering risk, technology, people and careers, and innovation, there’s something (and somewhere) for everyone next year.

The Procurement Drum Beat

And if our events are enough for you, we have plenty to come on the Procurious Blog.

We’ll be continuing our Bravo series, celebrating Women in Procurement, with a series of interviews with top procurement professionals. If you’d like to get involved, join the Bravo Group, or contact Laura Ross, our Community Liaison Manager.

Not only that, after the overwhelming success of our Career Boot Camp, we’ll be running another Boot Camp during the year. If you missed out this year, you can catch up with the content on the Blog, and the podcasts here.

We also have an eBook, filled with some great content, written by Procurious Founder, Tania Seary. You can get all the information you need, and download it, right here!

Learning From Mistakes

So, as we sign off for Christmas, we’ve got one final thing to take heed of from 2016. Procurement needs to be all about learning in 2017. Learning from each other, learning new skills, and, most importantly, learning from our mistakes.

The last thing you want to do is end up on this list next year. The “World’s Worst Procurement Awards” highlights some of the biggest (and sadly, quite common) mistakes in procurement.

The good thing is, we all can learn from these mistakes and ensure our processes tick the ‘best practice’ box. If you need any guidance, then you can catch up with our festive carol on the Blog. It should point you in the right direction, and provide you with tools to drum up support for your team.

We hope you’ve enjoyed our mini-series on the 12 Days of Procurement Christmas. It’s been fun to write, so we hope you’ve got something from it. If you have any questions or comments, then please feel free to get in touch with the team.