Tag Archives: thought leadership

Leading Procurement into the Future – Big Ideas Summit 2017

2017 is a pivotal year for the procurement profession. The Big Ideas Summit 2017 will help lay the ground work for the changes ahead.

We firmly believe that 2017 will be the year that everything changes for procurement. No longer a transactional function, procurement is driving value for organisations across the world. But the journey doesn’t stop there.

As the pace of change increase even further, procurement needs to adapt and evolve in order to maintain its position. Technology will play a major role in this evolution across the profession, and throughout the supply chain.

To help procurement find its feet in Industry 4.0, and to help lead it into the future, Procurious is once again gathering the brightest minds in the profession for the Big Ideas Summit 2017. This year, we’re doing a spot of globe trotting as we host events in Singapore, Sydney, Chicago and Dubai but we’re kicking things of in London!

Leading from the Front

If you’re new to Procurious, or missed our previous events, let us set the scene for you. The first event of 2017 will take place in London on Thursday the 23rd of February. The event will bring together 40-50 established thought leaders, senior decision makers and industry experts, to discuss procurement’s future.

This is a unique opportunity for delegates, and the wider community, to gain insight into the trends shaping our profession. Once again, we’ll be inviting the community to get involved as digital delegates, and to help drive the conversations online.

By getting current and future procurement leaders discussing key trends, risks and issues, it will help prepare us all for the journey ahead. These leaders will then have tangible outcomes they can take back to their organisations to drive innovation and change.

Among our key themes underpinning the entire event this year are:

  • Industry 4.0 and how it’s reshaping procurement
  • Rebuilding your workforce for  Workforce 4.0
  • Procurement in the digital age
  • Authentic Leadership – Inspiring Trust and Driving Change in Uncertain Times

Be Brave or Be Dead

Procurious has once again secured a fantastic list of keynote speakers and expert panellists. Kicking off Big Ideas 2017 will be respected futurist, entrepreneur, and author, Mark Stevenson.

Setting the scene and providing a context for the day ahead, Mark will draw on his own experience to discuss the key components procurement need to be aware of. These are: geo-politics; geo-economics; and geo-technology.

Stevenson will also outline the technology ‘waves’ coming in the next decade, and argue that companies that can take advantage of these waves will not only attract the best staff, they will seriously outperform all their rivals.

Why take part?

As savvy social networkers you’ll already be of the mind that social media can be used to create a global stir. We want to amplify these Big Ideas throughout the global procurement community, connect with one another, start meaningful conversations, and ultimately drive change.

All keynote sessions will be captured on film and offered exclusively to registered attendees. As a ‘digital delegate’ you’ll also be able to access a rich collection of supporting material including articles, interviews and video content following the event.

Register for the London Big Ideas Summit 2017 here. You can also get involved in real time via social media, on Twitter, LinkedIn or Facebook, using the hashtag #BigIdeas2017.

Be brave -Join the global movement today.

Connecting the Dots: 5 Key Learnings from Interviewing Procurement Thought Leaders

How can we elevate the role of procurement? What are the key lessons we need to be learning from the profession’s thought leaders?

Connecting the Dots Thought Leaders

I love working in procurement! From my first day as a Junior Buyer I got the bug and never looked back! However, our profession is now at the crossroads of profound change.

Never before has the value that we can bring been needed more by our employers, as they seek to become more agile and rely more on their supply base. Yet we run the risk of irrelevancy if we do not adapt as the world around us changes.

It was with this in mind that I founded the Art of Procurement podcast last November. I interview thought leaders every Tuesday so that we can all benefit from their experience and perspectives as we seek to collectively elevate the role of our profession.

I want to share five key themes, or learnings, that I have taken from the first 50 episodes: 

  1. Alignment holds the key to our relevancy

Alignment differentiates the haves and have nots in procurement.  Yet, too often, we operate in a silo. It starts with the way our performance is measured. We are measured on a metric – cost savings – that is not the primary objective of our leaders and our internal clients.

We then look at a stakeholder as an opportunity for us to achieve our objectives, rather than help them achieve theirs. Every guest that I talked to agrees: to become or remain relevant, we have to be aligned with the objectives of our executives, and focus on helping our stakeholders excel in whatever it is that they do to contribute to our organisation’s value proposition.

  1. A two-tier procurement model is imminent

This is already occurring. Every activity that is not a core competency, that materially impacts our ability to bring competitive advantage through procurement, will go away. Some of it will be outsourced, but a lot of it will ultimately be automated out altogether.

A point that interviewees often stated, is that with this shift will also come a change in what we actually view as strategic. There will be no sacred cows.

  1. The value of the traditional skill set is diminishing

The executives that I talked to believe it will be our ability to bring a commercial mindset to our stakeholders, to influence and facilitate their use of external partners, to help our businesses build and retain a competitive advantage in our marketplaces, that will define our value in the future.

The new procurement skills most often cited are business acumen, relationship building, influencing and data analytics. CPOs tell me that it is easier to train procurement skills to an outsider who already has the soft skills needed, than vice versa. We need to step up or face becoming redundant!

  1. Collaboration is a competitive advantage

Is collaboration the latest procurement buzzword? The thought leaders I don’t believe so. In a world where third party spend is representing a larger percentage of revenue than ever before, an organisation’s success is becoming more and more dependent upon their relationships with their most critical suppliers.

The likelihood is that competitors in any market rely on many of the same suppliers to supply the products and services that materially impact their success. Competitive advantage will be gained by those who are able to foster true, two-way, collaborative relationships with those partners – where the sum of the relationship is greater than the parts. If you do not achieve this, your competitor will! 

  1. Change must come from within

Too often we lament the fact that we don’t have a seat at the big table. As thought leaders repeatedly told me, the seat is there, we just have to take it. Members of the C-suite at most companies do not understand what we are capable of, and so we will never make progress if we wait for an invite.

We need to have courage to demonstrate the value that we know we can deliver in procurement if we focus on the right things – and change the conversation around how that value is defined and measured.

Doing so will make our desire to become the trusted business partner a reality across all of the organisations within which we work, rather than the isolated few. 

Philip Ideson is a long time procurement practitioner, leader and service provider, who hosts the Art of Procurement podcast. You can listen to the show here, or subscribe via your favourite podcast app. 

The Procurious Big Ideas Summit is Back!

The Procurious Big Ideas Summit is back and it’s bigger and better than ever before!

Procurious Big Ideas Summit 2016

We had a fantastic experience, and great fun, last year at the Big Ideas Summit, the world’s first digitally-led conference for the procurement profession. And it’s almost time to do it all over again at the Procurious Big Ideas Summit 2016.

If you aren’t familiar with the event, the  Big Ideas Summit gathers together 40-50 of the world’s brightest minds, such as established thought leaders, senior decision makers and industry experts, to discuss the future of the procurement profession.

What’s the Big Idea behind it?

The event is a unique opportunity for professionals to gain insights into the evolving global space of procurement. It connects senior executives, thought leaders and CPOs with digital delegates on a live platform.

Big Ideas 2016 aims to get current and future procurement leaders thinking about and discussing the key trends, risks and issues in the profession, and giving them tangible outcomes they can use to drive innovation and change in their organisations.

The key themes our speakers will be addressing this year include:

  • The technological “megatrends” impacting procurement
  • The True Cost of doing business in the fashion industry
  • How social media breaks boundaries for innovation and collaboration
  • Attracting and retaining the best Millennial talent
  • Creating and sustaining organisational agility

The face-to-face component of the event will take place in London on 21st April 2016. However, as with last year, we’re inviting over 12,000 procurement and supply chain professionals (co-incidentally, the same number as the Procurious community!) to join us as digital delegates.

This will amplify ideas and content through Procurious, as well as give our global delegates the chance to submit questions to speakers in advance as well as tune in, learn and participate in real time. 

Who will be speaking?

We’ve secured a high calibre of thought leaders and keynote speakers, including:

  • Tom Derry, CEO, Institute for Supply Management
  • Christopher Sawchuk, Principal & Global Procurement Advisory Practice Leader, The Hackett Group
  • Gabe Perez, Vice President of strategy and market development, Coupa
  • Elizabeth Linder, Politics & Government Specialist, Facebook EMEA
  • Lucy Siegle, Journalist and broadcaster, The Observer
  • Peter Holbrook, CBE, Chief Executive, Social Enterprise
  • Lucy Harding, Partner and Head of the Global Procurement & Supply Chain Practice, Odgers Berndtson
  • Martin Chilcott, Founder and CEO, 2degrees
  • Dapo Ajayi, Chief Procurement Officer, AstraZeneca

How you can take part

The Big Ideas Summit is open to all Procurious members. It doesn’t matter where you are in the world, we want you to help shape the agenda. Register your attendance in our Procurious Big Ideas 2016 Group.

On Twitter? You can also submit your questions by tweeting us @procurious_ using the hashtag: #BigIdeas2016

For more information about the day head on over to our bespoke event site at www.bigideassummit.com.

Why take part?

As savvy social networkers you’ll already be of the mind that social media can be used to create a global stir. We want to amplify these Big Ideas throughout the global procurement community, connect with one another, start meaningful conversations, and ultimately drive change.

All keynote sessions will be captured on film and offered exclusively to registered attendees. As a ‘digital delegate’ you’ll also be able to access a rich collection of supporting material including articles, interviews and video content following the event.

Who Is Sponsoring It?

For an event that explores the biggest trends impacting procurement we thought it only necessary to bring onboard similarly hot-ticket sponsors. The Procurious Big Ideas Summit 2016 is proud to be sponsored by the The Hackett Group, The Institute for Supply Management, IBM and Coupa.

We are delighted to be working with such great organisations and look forward to joining with them on the day to produce a fantastic event for you all.

If you’re interested in finding out more, visit www.bigideassummit.com, join our Procurious group, and Tweet your thoughts and Big Ideas to us using #BigIdeas2016.

Don’t miss out on this truly excellent event and the chance to participate in discussions that will shape the future of the procurement profession. Get Involved, register today.

Why Big Ideas 2016? There’s an Infographic for That

Not sure why you should register for Big Ideas 2016? We’ve pulled all the information you need into one easy to share infographic!

Big Ideas 2016 Infographic

Need more convincing? Check out the high calibre list of thought leaders and keynote speakers, including:

  • Tom Derry, CEO, Institute for Supply Management
  • Christopher Sawchuk, Principal & Global Procurement Advisory Practice Leader, The Hackett Group
  • Gabe Perez, Vice President of strategy and market development, Coupa
  • Elizabeth Linder, Politics & Government Specialist, Facebook EMEA
  • Nik Gowing, Visiting Professor at King’s College and co-author of ‘Thinking the Unthinkable’
  • Lucy Siegle, Journalist and broadcaster, The Observer
  • Peter Holbrook, CBE, Chief Executive, Social Enterprise
  • Lucy Harding, Partner and Head of the Global Procurement & Supply Chain Practice, Odgers Berndtson
  • Martin Chilcott, Founder and CEO, 2degrees
  • Dapo Ajayi, Chief Procurement Officer, AstraZeneca

We’ve seen some of the ideas that our speakers will be discussing on the day, and believe us when we say, you do not want to miss out.

In the next few weeks, we’ll be introducing you to all of our speakers and giving you some previews of their key themes and topics. The best way to stay up to date? Register for the event now!

How you can take part

The Big Ideas Summit is open to all Procurious members. It doesn’t matter where you are in the world, we want you to help shape the agenda. Register your attendance in our Procurious Big Ideas 2016 Group.

On Twitter? You can also submit your questions by tweeting us @procurious_ using the hashtag: #BigIdeas2016

You can also stay up to date, and get involved in real time, LinkedIn or Facebook, also using the hashtag #BigIdeas2016.

For more information about the day head on over to our bespoke event site at www.bigideassummit.com.

Don’t miss out on this truly excellent event and the chance to participate in discussions that will shape the future of the procurement profession. Get Involved, register today.