The webinar covered emerging procurement trends and strategies for chief procurement officers (CPOs) to address them. Panelists included experts from LLamasoft, SSPG, Elite Airline Services, and Next Level Purchasing Association. They discussed top trends like managing supply disruption risks and developing talent. CPOs were advised to leverage procurement as a profit center, focus on sustainability and relationships. Attendees then voted on trends they wanted to learn more about, like risk management and the role of technology. The summary highlighted key discussions and polls to prioritize future learning.
1. CPO Trends – What’s Coming
and How to be Ready
Webinar
4/16/2020
Panelists:
Dr. Madhav Durbha, Group VP of Industry Strategy, LLamasoft
Paul Bohr, MLSSBB, SCOR-P, CSCTA , President of SSPG
Mark Berlin, VP of Sourcing & Supply Chain, Elite Airline Services,
Formerly Leadership Partner, Supply Chain at Gartner
David Millington, SPSM3™, CPOE®, ASMEC®, MSc.QSM, NPDP, CL6σBB
Director of Education and Product Development for NLPA - dmillington@nextlevelpurchasing.com
Facilitated by
Ron Crabtree, CPIM, CIRM, CSCP, MLSSBB, SCOR-P, CSCTA
Executive / Organizational Transformation Coach
1Copyright by Next Level Purchasing Association, 2020
2. Topical Content
Polling Question – What Do You See As Trending?
Gain insights from four world-class experts about CPO Trends
and What To Do – Three Probing Questions
Polling Question – Trends to Learn More About
Prioritize your future learning; Polling Question
Q & A
2Copyright by Next Level Purchasing Association, 2020
3. 3Copyright by Next Level Purchasing Association, 2020
Meet
Your
Panelists
4. Polling Question 1
Below is a list of Trends that are emerging. Using the polling tool, select which ones you think are most
pressing – select as many as you like
1. Innovation in Supply Strategies driven by Contagions and other Supply Disruption Events
2. Focus on ‘total cost of ownership’ strategies; leading to more ‘near shoring’ or ‘re-shoring’ of
sourcing.
3. Political and Socio-Economic driven changes to sourcing.
4. Industry-specific Technology Disrupters impacting supply decisions.
5. Industry-agnostic Technology Disrupters impacting supply decisions.
6. Human capital – attraction and development of the supply team of the future.
7. Supply Planning Innovation – new and different.
8. Shifting value generation strategies.
9. Supply Process Execution Innovation.
Use the Question Tool to add any suggestions you’d like to offer
4Copyright by Next Level Purchasing Association, 2020
5. Polling Question 1 – Panelist Consensus
1. Innovation in Supply Strategies driven by Contagions and other Supply
Disruption Events (3)
2. Focus on ‘total cost of ownership’ strategies; leading to more ‘near shoring’
or ‘re-shoring’ of sourcing. (1)
3. Political and Socio-Economic driven changes to sourcing. (2)
4. Industry-specific Technology Disrupters impacting supply decisions. (1)
5. Industry-agnostic Technology Disrupters impacting supply decisions.
6. Human capital – attraction and development of the supply team of the
future. (4)
7. Supply Planning Innovation – new and different.
8. Shifting value generation strategies.
9. Supply Process Execution Innovation. (1)
5Copyright by Next Level Purchasing Association, 2020
6. Panelist Question # 1
• What do you see as the Top Three emerging trends that
will impact the CPO and Procurement Professionals?
• For each, explain why it’s important for CPOs to be
aware of and prepared to deal with them;
• Which are the C-Suite most likely concerned about?
6Copyright by Next Level Purchasing Association, 2020
7. 7
Copyright by Next Level Purchasing Association, 2020Copyright by Next Level Purchasing Association, 2020
10. David Millington – Q#1
1. The leverage of Procurement as a Profit and Value
Creating Function
2. Strong Focus on Sustainability of Supply Mechanisms
and Risk Management
3. The buzz: Going forward there will be a strong focus
on Relationship Management shifting from Supplier
Relationship Management
10Copyright by Next Level Purchasing Association, 2020
11. Panelist Question # 2
• Please elaborate on the top three benefits the CPO and
companies can realize if they act to prepare for and take
actions to deal with those trends you mentioned in the
first question
11Copyright by Next Level Purchasing Association, 2020
13. Mark Berlin Q# 2
1. IT Eco System
• Improved Revenue, WC, and CF
• Speed to Market
• Improved Capital Equipment Uptime
• Automated Procurement
2. Organization
• Leaders need to Articulate a Strategy
(One Page) Mark to send over slide later
today
• Right skill sets
3. Political, Business, Socio-Economic
• Speed to market
• Revenue and earnings
Copyright by Next Level Purchasing Association, 2020 13
14. David Millington – Q# 2
1. The leverage of Procurement as a Profit and Value
Creating Function
2. Strong Focus on Sustainability of Supply Mechanisms
and Risk Management
3. The buzz: Going forward there will be a strong focus
on Relationship Management shifting from Supplier
Relationship Management
14Copyright by Next Level Purchasing Association, 2020
16. Panelist Question # 3
• For each of the three trends you mentioned in
question 1, please elaborate about strategies and
tactics the CPO and Procurement Professionals can
take now to ‘get ahead’ of the curve to gain
competitive advantage
16Copyright by Next Level Purchasing Association, 2020
21. Polling Question 2
21Copyright by Next Level Purchasing Association, 2020
As discussed by the panelists, which of these Trends are you most interested in
learning more about? Pick as many as you like
1. Increased emphasis on risk mitigation & resiliency (Madhav); Supply Process Execution to
mitigate risk & uncertainty (Paul); Strong Focus on Sustainability of Supply Mechanisms and Risk
Management (David) Political, Business, and Socio-Economic driven changes to sourcing (Mark)
2. Cost focus will continue to be the case; increasingly so (Madhav)
3. IT Eco System (Mark); The need for digitalization via advanced analytics will accelerate (Madhav)
4. Innovation in supply strategies – Merging acquisition and sourcing strategies (Paul)
5. Human capital – the talent gap (Paul) Organization (Mark)
6. Procurement as a Profit and Value Creating Function (David)
7. Strong focus on Relationship Management shifting from Supplier Relationship Management
(David)
22. Final Polling Question 3
With respect to the Seven Procurement Leadership Competencies
Defined by NLPA, Which of these are the most interesting and you
want to learn more about?
Please pick as many as you like:
1. Leading the Corporate Strategic Planning Process
2. Lead Product Strategy and Design for Strategic Procurement
3. Design Procurement Function Strategy to Realize Corporate Strategy
4. Executing a Procurement Function Strategy with SCOR
5. Transforming the Procurement Function’s Effectiveness
6. Ability to Sustain Procurement Function Transformation
7. Big Picture View, Tying it Together
22Copyright by Next Level Purchasing Association, 2020
23. Copyright by Next Level Purchasing Association, 2020
23
For immediate support – virtual
guided learning, contact:
dmillington@nextlevelpurchasing.com
(860) 944-8193
Copyright by Next Level Purchasing Association, 2020
23
24. What we covered today
Polling Question – What Do You See As Trending?
Gain insights from four world-class experts about CPO Trends
and What To Do – Three Probing Questions
Polling Question – Trends to Learn More About
Prioritize your future learning; Polling Question
24Copyright by Next Level Purchasing Association, 2020
28. Polling Question 1
Below is a list of Trends that are emerging. Using the polling tool, select as
many as you like…
1. Innovation driven by Pandemics and other Supply Disruption Events
2. More ‘near shoring’ or ‘re-shoring’ of sourcing
3. Political and Socio-Economic driven changes
4. Industry-specific Technology Disrupters
5. Industry-agnostic Technology Disrupters
6. Human capital – attraction and development
7. Supply Planning Innovation
8. Shifting value generation strategies
9. Supply Process Execution Innovation
28Copyright by Next Level Purchasing Association, 2020
29. Polling Question 2
29Copyright by Next Level Purchasing Association, 2020
Which Trends are you most interested in learning more about?
1. Increased emphasis on risk mitigation, uncertainty and sustainability
2. Cost focus
3. IT Eco System; The need for digitalization via advanced analytics
4. Innovation; Merging acquisition and sourcing strategies
5. Human capital – Talent Gap & Organization
6. Procurement as a Profit and Value Creating Function
7. Strong focus on Relationship Management with Suppliers
30. Final Polling Question 3
Please pick those most important to you:
• Leading the Corporate Strategic planning process
• Lead Product Strategy and Design for Strategic Procurement
• Design Procurement Function Strategy to Realize Corporate Strategy
• Executing a Procurement Function Strategy with SCOR
• Transforming the Procurement Function’s Effectiveness
• Ability to Sustain Procurement Function Transformation
• Big Picture View, Tying it Together
30Copyright by Next Level Purchasing Association, 2020
Meet Organization Goals by Leveraging Expert Procurement Capabilities
Meet Organization Goals by Leveraging Expert Procurement Capabilities
please rate each of the following in its level of CRITICALTY for Procurement Professionals to consider going forward. Scale of 1 to 5 for each. 1= not very important, 2 = somewhat important, 3 = important, 4 = very important, 5 = Enterprise Mission Critical in 2020 and beyond.
We will compare your views with the audience view, for fun!
Procurement process challenges – the ability of the firm’s people, processes and internal systems to deliver competitive advantage in 2020.
Supply Risk and Sustainability challenges in the face of ever-changing political and environmental stewardship responsibilities being legislated around the world, scarcity of certain materials.
Increasing difficult logistical challenges; tariffs, import/export customs, outsourced logistics, shortages of truck drivers, relentless pressure on logistic costs, logistical disruptions of supply.
Understanding IT / Technology Change Procurement Pros need to know about in 2020 and beyond. Includes impact of Industry 4.0 on procurement, advanced planning and network optimization technologies.
please rate each of the following in its level of CRITICALTY for Procurement Professionals to consider going forward. Scale of 1 to 5 for each. 1= not very important, 2 = somewhat important, 3 = important, 4 = very important, 5 = Enterprise Mission Critical in 2020 and beyond.
We will compare your views with the audience view, for fun!
Procurement process challenges – the ability of the firm’s people, processes and internal systems to deliver competitive advantage in 2020.
Supply Risk and Sustainability challenges in the face of ever-changing political and environmental stewardship responsibilities being legislated around the world, scarcity of certain materials.
Increasing difficult logistical challenges; tariffs, import/export customs, outsourced logistics, shortages of truck drivers, relentless pressure on logistic costs, logistical disruptions of supply.
Understanding IT / Technology Change Procurement Pros need to know about in 2020 and beyond. Includes impact of Industry 4.0 on procurement, advanced planning and network optimization technologies.
Meet Organization Goals by Leveraging Expert Procurement Capabilities
Context – Procurement needs direction from the enterprise to understand the degree of appetite for taking on risk the bank has. The degree of appetite for risk will vary for each type of risk and the nature of the impact on elements such as: regulatory compliance risk, cost, reputation, legal liability, loss of revenue, etc.
please rate each of the following in its level of CRITICALTY for Procurement Professionals to consider going forward. Scale of 1 to 5 for each. 1= not very important, 2 = somewhat important, 3 = important, 4 = very important, 5 = Enterprise Mission Critical in 2020 and beyond.
We will compare your views with the audience view, for fun!
Procurement process challenges – the ability of the firm’s people, processes and internal systems to deliver competitive advantage in 2020.
Supply Risk and Sustainability challenges in the face of ever-changing political and environmental stewardship responsibilities being legislated around the world, scarcity of certain materials.
Increasing difficult logistical challenges; tariffs, import/export customs, outsourced logistics, shortages of truck drivers, relentless pressure on logistic costs, logistical disruptions of supply.
Understanding IT / Technology Change Procurement Pros need to know about in 2020 and beyond. Includes impact of Industry 4.0 on procurement, advanced planning and network optimization technologies.