🚀 Unlocking Procurement Opportunities
ProSource #16 shares a new Procol event, pitfalls to avoid, and many new opportunities.
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Welcome to ProSource’s 16th edition. Starting with compiling ProSource from 25+ sources each week we have also started writing and recording the best practices for our users.
Now, we’re bringing live sessions to our users. On 16th Sep, we’re hosting a panel from the procurement leaders of consumer goods companies. Register here for free.
Share with your team or on LinkedIn if you liked reading this.
Procurement Insights
🥫 Kraft Heinz fined $62M, says procurement misled finance team - Reporting in procurement has been a fragmented process and error-prone due to manual operations. The recent case at Heinz is an extremely practical example to correct this.
💰 How to address supplier cost increase requests - If you have managed to negotiate your truckload rate increase to be less than 8-9%, congratulations! You are beating the market. If your increase was higher, then either other factors were involved (e.g. you negotiated your price when fuel was lower than it is today), or you now have the data to go back and challenge the value of the increase request even if you accept that an increase is unavoidable.
📈 10 Rules for managing your stock availability - First came Covid-19, closely followed by container shortages and now an ongoing lack of over-priced raw materials. Each issue has had a negative effect on stock availability, leading to unhappy customers and super-stressed operational teams. Here are few key points to manage this better.
🏆 Tail spend becomes an increasing focus for companies - The majority of respondents reported that over 80% of their suppliers were within their tail spend, but almost 20% said reported this figure to be over 90%.
🥽 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 ESG data can help you build a better supplier network - Dun & Bradstreet, report on how monitoring the ESG data of suppliers can enable businesses to make better decisions, increase visibility into its supply chain, improve management decisions capabilities.
💵 Cost savings or cost avoidance - what is the difference? - Often used interchangeably, their understanding can improve the functioning of overall business operations.
September Event Calendar
🌎 Shifting the Dial in Procurement: Unlocking New Opportunities
By Procol • Sep 16, 2021 • Registration Link
🌎 Align Procurement with 3rd Party Risk: Successful Vendor Management
By SIG • Sep 18, 2021 • Registration Link
🌎 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? Hit reply—share your feedback, insights, and opportunities.
Have a great week ahead!
✌️
Gaurav Baheti
Founder and CEO, Procol