⚡️ Procurement growth unlocked
This ProSource edition shares the latest insights into procurement growth levers.
Hi there!
Trust you're doing well.
It's been 3 years since Procol was officially founded. From a team of 2 to 70 people and managing a little over $500M of spend - we surely have come a long way. I'm full of gratitude to our team, customers, investors - and everyone who ever believed in us.
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Procurement Insights
✔️Happening now: 5 Important procurement trends
Procurement teams are still facing challenges like supply disruptions and managing cash flow, says Mohammed Kafil, a procurement consultant with Kissflow Procurement Cloud. He outlines five trends of top-performing procurement teams and how technology helps them maintain a competitive edge.
⚠️How to manage procurement’s top risks
Over the past several months (upon months), companies across the globe have been thrown into unprecedented global scenarios—ones directly impacting the supply chain operations worldwide, and thus, procurement practices as a whole. You would not be accused of being overly dramatic to classify this as a chaotic situation, which is why today’s leadership must pivot to adapt.
🏆 Process Governance - How do you make sure your team has it?
Modern procurement performs a wide variety of tasks, including handling anything from simple contract renewals to complex RFPs—and everything in between. When something goes wrong, it is often because of a process error that can be traced back to procurement and strategic sourcing. For this reason, having a powerful—and practical—governance process in place should be a top priority.
👨💻Manage suppliers with AI Powered Negotiations
Continued pressures from supply chain disruptions, COVID-19 outbreaks and rising inflation are forcing business leaders to re-think their operations to cut costs. Business negotiations are an untapped source of value that can help Fortune 500 companies optimize their business processes while driving bottom-line value.
📈Effective procurement is a growth lever
While companies invariably fold these functions into a dedicated procurement department at a certain stage, it’s tough to get to every contract at scale. The ability to do so, however, is a meaningful growth lever. Time is money, after all, and every hour key stakeholders have to spend in procurement is one diverted away from higher leverage activities.
April Event Calendar
🌎Supply Chain Virtual Job Fair: April 6th, 2022
🌎Three Problems that Will Make Your P2P Implementation Fail, Tuesday April 12th @ 11am US Eastern Time
🌎Connected Planning for Financial Outcomes and Sustainability,Wednesday April 27th @ 12pm US Eastern Time
🌎The Risk & Resilience Conference, 27th- 28th April
🌎2022 Supply Chain and Procurement Awards, 18th May
Opportunities
💡Dunzo - Procurement Head - Non Perishable - eCommerce • Bengaluru, Karnataka • India On-site • Link to the job
💡Purchase & Procurement Head, Michael Page • Maharashtra, India On-site • Link to the job
💡Cloudnine - Head - Procurement,Cloudnine Group of Hospitals • Bengaluru, Karnataka • India On-site • Link to the job
💡Supply Chain & Procurement Head(Education Industry), Firstcry.com Pune, Maharashtra • India On-site • Link to the job
💡General Manager - Supply Chain Management • Altigreen Propulsion Labs Bengaluru, Karnataka, India • Link to the job
💡Baldota Group - Assistant General Manager - Procurement • MSPL Limited Bangalore Urban, Karnataka • India On-site • Link to the job
💡Manager - SCM Marketplace, Myntra Bengaluru, Karnataka, India • Link to the job
Brief introduction
Hi, I am Gaurav Baheti, the CEO of Procol. We help companies transform their procurement process to deliver higher cost savings, reduce turnaround times, and improve visibility. We currently work with 60+ enterprises and manage $500M+ spend.
This is our weekly newsletter where we share crisp insights, hottest jobs, and exciting events in procurement globally.
Ping me at gaurav@procol.in to chat or connect on LinkedIn.