My learnings from the Procurement Leaders World Procurement Congress 2017 and how Interim Executives can help.
The world of procurement is changing at pace.
I was fortunate enough to be invited by Procurement Leaders to their World Procurement Congress at the InterContinental Hotel, O2 in London this week. There was an array of hot topics and discussions particularly around automation, strategy and talent which got me thinking how procurement interims can bring value in these areas for today’s CPO’s.
These trends represent a fantastic opportunity for the Interim Procurement industry and as the Practice Manager for Interim Procurement here at EO, I left the conference very buoyed and excited for the future.
As an Interim Leader your ability to create impact is the key ingredient for both your success and the success of the organisations that hire you. After all, you’ve typically been engaged to implement change and turn the business around in a short amount of time, so you’ve got to hit the ground running.
The first few days are the most crucial in any new interim assignment, whether it’s a transformation, change or a turnaround programme this your opportunity to outline goals, objectives and manage the expectations of the business.
Co-authored with Ashley Waite
As an executive search consultant working within the finance market, I meet on average 10-15 CFOs per month. The key recurring themes from my meetings tend to be centred on change management and how CFOs can drive these projects, whilst being transparent and more connected to the business.
I sat down with Ashley Waite, Finance and IT Transformation Director at NTT Data to co-author this article. Ashley believes that CFOs need to focus on three key interrelated elements: people, process and technology. He also talked about how this will enable CFOs and their teams to become better business partners.
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In the Procurement industry we face a challenge with our brand – people still don’t fully understand the strategic importance of what we do!
“Brand Procurement” is generally totally misunderstood and built on tactical stereotypes that are holding back the ability of procurement professionals to be truly impactful. It has gotten so bad that some CPOs have dropped the word procurement entirely and now call their team’s commercial managers or alliance specialists!Continue reading