⚡️ Procurement Insight Report 2021
This ProSource edition shares the latest insights into procurement challenges.
Procol’s latest roundtable, hosted last week, focused on the CPG industry included panelists from Colgate Palmolive, Emami, Allana, Pernod Ricard, Hershey’s, and Cavin Kare, and saw the participation of over 50+ procurement professionals. Here is the recorded roundtable.
If you enjoy our weekly newsletter, please forward it to your peers. They can subscribe here.
Procurement Insights
🚀 Closing the gap between increased demand and supply - Surveying buyers and sellers across the US — shows that 38% of buyers made more than 50% of purchases for their organizations online in 2020. Now, a staggering 96% of buyers plan to continue leveraging e-procurement long-term.
🏆 How to get suppliers on board with e-auctions - Beating the notion that e-auctions damage supplier relationships, research has found exactly the opposite. When buyers started using e-auctions, supplier confidence in them increased. “Because they can see their ranking on the screen, they feel more confident that there is a transparent process. They know that there is actually someone bidding against them. The company is now using it for 20% of purchases, which has driven down procurement costs by 25%”.
🔻 3 procurement weaknesses exposed by COVID - Raw material shortages, and economic and political instability has made global supply chains more fragile, highlighting three main concerns.
🥽 Insights and videos from Categorypalooza 2021 - On August 31st, 2021, Art of Procurement hosted Categorypalooza, a summer festival of category ideas. Catch up on all the action by watching the videos.
⚡️ How to recognize and manage supplier red flags - Global trends, including the COVID-19 pandemic, have taught procurement professionals the value of identifying supplier red flags and mitigating the risks they may pose before it’s too late.
📈 2021 Procurement Insight Report - This report by Levvel provides a buyer's guide to modern eProcurement software and purchasing use cases.
September Event Calendar
🌎 Optimizing Offshore: The Key to Increasing Productivity while Minimizing Risk
By SIG • Sep 28, 2021 • Registration Link
🌎 Creating Tail Spend ROI: Through an Improved Buyer Experience
By Art of Procurement • Sep 28, 2021 • Registration Link
🌎 Why it’s time for CPOs to take the lead on ESG
By SIG • Sep 30, 2021 • Registration Link
🌎 Enabling Procurement Efficiency: How Ace Hardware Accelerates Business Outcomes
By SIG • Sep 30, 2021 • Registration Link
Opportunities
💡 Bramwith is looking for a Procurement Category Manager, Europe - Food & Ingredients
Remote or UK • FMCG • Full Time
💡 Coca Cola is looking for a National Manager - Logistics Procurement
Bengaluru, Karnataka • FMCG • Full Time
💡 AgroWave is looking for a Head-Procurement
Gurugram, Haryana • Agri • Full Time
💡 NTT is looking for a Director, Procurement (Asia Pacific)
Mumbai, Maharashtra • IT • Full Time
💡 Unilever is looking for a Global S2P Manager
Bengaluru, Karnataka • Consumer Goods • Full Time
💡 Ola is looking for a Head Of Procurement
Bengaluru, Karnataka • Mobility • Full Time
💡 Procol is looking for a Director, Customer Success
Gurugram, Haryana • IT • Full Time
(Just reply to this email if you have any reference for this position)
What did you think about this edition?
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 50+ 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.