💵 Your Suppliers' Key Challenge
This ProSource edition shares insights on sourcing from China, supply chain financing, and a new events calendar.
Hi there!
Trust you're doing well.
It's been 3 years since Procol was officially founded. From a team of 2 to 40 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
🇨🇳 How to review your suppliers in China - Traditionally, larger customers perform quality and financial audits at their suppliers regularly. This, however, is not the case for many SMEs who have suppliers in China for finished goods or standardized semi-finished input products.
💵 Is supply chain financing a safe bet? - The value of assets covered by SCF globally is currently $7.3tn, said McKinsey in its 2020 Global Payments Report, but the market is untapped. Demand for SCF has surged during the pandemic “as cash-strapped companies seek liquidity”, according to S&P Global.
🏆 6 Strategies to Improve Your Ethical Sourcing - Ethical sourcing can have a galvanizing effect on an organization’s brand, be it a key differentiator and provide a competitive advantage, helping to increase market share, and even improve supply chain efficiency and reduce costs. What doesn’t it do, really?
📖 The new playbook for digital transformation in procurement - By AT Kearney - “If you ask them privately, most chief procurement officers (CPOs) will tell you that they’re struggling to make significant progress with procurement’s digital technologies.“.
💯 How Benchmarks Enable Smarter Procurement - Coupa recently published the 2021 Business Spend Management Benchmark Report, which includes 16 best-in-class spend management benchmarks, derived from transactional behavior on the Coupa platform across our entire Coupa community of over 2,000 customers and $2.3 trillion dollars in spend.
⚡️ 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.
October Event Calendar
🌎 Game Theory: Meets Digitalization
By TWS Partners • Oct 12, 2021 • Registration Link
🌎 Learning to Succeed: Despite Uncertain Market Dynamics
By Art of Procurement • Oct 19, 2021 • Registration Link
🌎 Taking Charge of Sustainability: through the power of data
By Supply Management • Oct 21, 2021 • Registration Link
🌎 Reinventing the Procurement Experience
By Art of Procurement • Oct 27, 2021 • Registration Link
🌎 Is your supplier management platform working hard enough for you?
By Supply Management • Oct 27, 2021 • Registration Link
🌎 Partnership as a Service: Driving Change & Delivering Unconventional Returns
By Art of Procurement • Nov 2, 2021 • Registration Link
Opportunities
💡 Coca Cola is looking for a National Manager - Material Planning
Bengaluru, Karnataka • FMCG • Full Time
💡 Kanodia Group is looking for a Procurement Head (Cement)
Noida • Cement • Full Time
💡 Amazon is looking for a Procurement Manager
Bengaluru, Karnataka • E-Commerce • Full Time
💡 Deloitte is looking for a Procurement - Strategic Sourcing - Analyst
Hyderabad, Telangana • Consulting • 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)
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.