Overcoming the Unexpected, Shaping the Future: Building Companies’ Resilience through Procurement
“Hybridizing Procurement with ESG and Value Creation to grow Business Resilience”
Overcoming the unexpected through renewed Procurement expertise
The Procurement function currently finds itself at the convergence of today’s challenges: economic, societal, environmental, technological and geo-political. The return to value creation after decades of focusing on price reductions and managing sourcing and reputational risks is becoming extremely complex in a multi-polar and uncertain world.
The Procurement function should contribute to give the world a chance to become socially and environmentally viable
I believe in operational consulting that offers an outside view of current issues, expertise and knowledge of Artificial Intelligence tools, experienced and unconventional, disruptive because freed from the constraints of everyday life. I also believe in the powerful complementary effectiveness of training, coaching and mentoring.
My approach contributes to the development of the Procurement eco-system, supporting the function in its contribution to giving the world a chance to become socially and environmentally viable.
Shaping the future by reconsidering the Procurement operating model
Procurement Departments need General Management to listen to them. For their part, General Management needs a Procurement operating model that is more resilient than ever, a function capable of assessing the long-term economic, environmental and societal impact of the recommendations it develops and recommends.
Implementing a resilient approach to Procurement operations
To ensure that Procurement Departments are heard and followed up on projects with an impact on the economic, environmental and reputational future of companies, it is important to go beyond current best practices. Let’s consider implementing a resilient approach to the way Procurement operates.
Renewing the way Procurement operates at a time when new challenges are positioning the function at the heart of corporate strategies
Training & Mentoring
Providing support to Procurement to grow its resilience at a time when AI is renewing the way the profession is practiced
Support for Starts-Ups
Providing expertise to start-ups as Procurement departments are looking to acquire tools to enhance resilience
Identifying and attracting talents with value creation and ESG expertise, through direct contact within my network
Mapping your supplier eco-system is a must : American and French companies dealing with DIY products suspected of using forced labor
A new example of alleged use of forced labor reminds of the importance of implementing ethical procurement methods. AI could come to the rescue of procurement departments striving for transparency in their supplier eco-system.
Ex-Best Procurement Practice : the Low Cost Country (LCC) sourcing. How to give back to the supplier ecosystem by implementing the Regenerative Procurement methodology
This is the first article of a serie dedicated to “Best Procurement Practices” I have announced in my previous article entitled “Regenerative Procurement is the new Procurement”. In this article I am going to discuss the Low Cost Country sourcing method.
While the CSRD is being implemented, the practice of regenerative procurement allows companies to improve their financial and non-financial results. Imagining new virtuous approaches that go beyond the deleterious practices of excessive competition should contribute to regenerating, day after day, the ecosystem of companies, and therefore the environment and society.
As the Covid-19 pandemic continues to weigh on world trade, the inversion of the balance of power between companies and their suppliers, which is responsible for the rise in costs, could become sustainable. Article published in Le Monde on November 5, 2021
Could we have foreseen that the Covid crisis, which had already damaged value chains in the winter of 2020, would continue to severely disrupt the entire global industry? Companies built their 2021 budgets on the assumption that the crisis would only last a few months, until everything was back to normal and everyone was back to their old lives
Covid 19, one year later : “The environmental and societal crisis obliges companies to privilege investment in tailor-made solutions”. Published in Le Monde on March 5, 2021
While the prospects for a resumption of growth in 2021 remain hypothetical due to the resurgence of contagiousness of the virus and the uncertainties of the vaccine strategy, companies have no choice but to submit to the hard law of uncertainty by developing flexibility and reactivity