🔑 The Key to Cost Savings
This ProSource edition shares raw material risk mitigation and cost-saving strategies.
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.
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Procurement Insights
🍕 How to navigate a volatile raw materials market - Kearney reports a four-step strategy to mitigate risk in purchasing raw materials.
💰 Supplier diversity leads to higher savings. - Bain and Company recently published that spending on diverse suppliers rose an average of 54% between 2017 and 2020. Companies in the top quartile of spending on diverse suppliers see additional 0.7-point savings in total procurements.
📈 How one retailer reduced its inventory to double sales - Bath & Beyond reported $2bn sales for the first quarter of 2021 and 84% growth, “nearly double 2019 levels”.
🏆 How Diageo's procurement boss justifies supply chain investment - The procurement boss at drinks firm Diageo has described how he convinces stakeholders of the importance of investment in the supply chain.
🥽 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.
💵 24 expense reduction tactics cheatsheet - Art of Procurement published printable ‘cheat sheet’, with a process you can follow for strategic expense management and offer 24 different tactics that can be applied to your next expense management initiative.
September Event Calendar
🌎 Supplier Diversity: Advancing Together
By Art of Procurement • Sep 22, 2021 • Registration Link
🌎 Navigating Growth in a Risky World: How Stanley Black & Decker Remains Resilient in the Post-COVID Economy
By SIG • Sep 23, 2021 • Registration Link
🌎 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.