Good morning, ProSource readers!
Here are the top stories of the week from the world of procurement.
Do share with your team or LinkedIn if you liked reading this.
Procurement Insights
🚢 The global supply chain is in a mess - Toyota Motor Corp., Honda Motor Co. and Samsung Electronics Co. were the latest multinational companies to chime in about setbacks, with the two auto makers saying Wednesday they would halt production at plants in North America.
💰 How to minimize rogue spending - The top reasons for maverick spend to be lack of self-service tools (75%), a non-compliant mentality (69%), and resistance to behavioral change despite official policies (69%).
💼 Suppliers 'withhold innovations' from late payers - Suppliers said they had to extend or open lines of credit otherwise not needed (41%), delay delivery of products or services (34%), and increase prices or reduce discounts (33%). Almost two-thirds (65%) said late payments put them at financial risk.
🍃 Understanding Environment, Social and Governance (ESG) - More than 1,500 companies globally, with a combined annual revenue exceeding £8T have made a net-zero pledge. Countries accounting for some 67% of global greenhouse gas emissions, including China and the US, have made similar promises.
📈 The 4 steps to cutting-edge procurement - Salesforce reports that 74% of business leaders report going for digitisation of their operations and creation of a next-generation operating model post COVID. Here’s how.
You’re Invited
🌎 Sustainable Procurement through Digitisation – A Socially Responsible Way to Create Business Value
By ELN • July 6, 2021 • Registration Link
🌎 Building stronger supply networks: ethical and governance metrics
By Supply Management • July 15, 2021 • Registration Link
🌎 Transform 2021: Enterprise Transformation with AI and Data
By Venture Beat • July 12-16, 2021 • Registration Link
🌎 Spend management automation: moving procurement from tactical to strategic
By Supply Management • July 29, 2021 • Registration Link
🌎 Procurement Can Move with the Markets: Winning Category Strategies
By SpendHQ • July 21, 2021 • Registration Link
Opportunities
💡 Bira 91 is looking for a DGM - Direct Procurement
New Delhi • Consumer Goods • Full Time
💡 Amazon is looking for a Global Category Manager
Bengaluru, Karnataka • E-Commerce • Full Time
💡 Baker Hughes is looking for a Lead Buyer - Commodity Management
Navi Mumbai, Maharashtra • Oil & Energy • Full Time
💡 The Walt Disney Company is looking for a Category Sourcing Specialist
Mumbai, Maharashtra • Entertainment • Full Time
💡 Ola is looking for a Head Of Procurement
Bengaluru, Karnataka • E-Commerce • Full Time
💡 Adam Matthew is looking for a Digitization Manager
Marlborough, Wiltshire/Remote • Media • Full Time
What did you think about this edition? Hit reply—share your feedback, insights, and opportunities.
I’m open to discussions—book a slot on my calendar.
Have a great week ahead!
✌️
Gaurav Baheti
Founder and CEO, Procol