Future of Procurement Trends

030: Beyond the Numbers: A Deep Dive into the Deloitte 2016 CPO Survey, with Brian Umbenhauer of Deloitte

On this weeks episode of The Art Of Procurement, I am excited to share an interview with Brian Umbenhauer, a Principal of Deloitte Consulting, the Head of Deloitte’s Sourcing & Procurement practice, and a co-author of the 2016 Deloitte CPO Survey.

I have read the Deloitte CPO Survey with interest every year to understand the priorities and challenges that CPO’s are facing, and how those priorities change each year. However, the results often left me with a number of questions as I sought to understand the significance of the data points.

This year, I had the chance to dig deeper! In this wide ranging discussion I go beyond the numbers and discuss what Brian is experiencing in the field in terms of how CPO’s are reacting to the issues raised in the survey.

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“The available talent in the market is demanding such premiums that most companies are unable to attract them as they do not have the budget.”

In this episode, you will learn:

  • What the key takeaways are from this years report.
  • What the most successful CPO’s are doing to change the conversation in the c-suite in terms of how companies measure procurement performance.
  • Are CPOs truly looking at risk holistically or are they looking at it from a purely financial perspective.
  • Does risk play a bigger role in some industries more than others.
  • Why Supplier Collaboration is a huge value lever for CPOs.
  • Why the talent gap is getting wider and how CPOs can solve this issue.
  • Reasons why 60% of CPOs don’t have a clear technology strategy and what they are doing to invest more in technology.

Episode Transcript (PDF):

  • Click here to download a copy of today’s episode transcript (PDF).

Links and Resources:

Thanks for Listening!

 

About the author

Philip Ideson

Philip Ideson is passionate about the role that procurement professionals and leaders can plan in creating competitive advantage for their organizations in ways that go beyond the traditional value proposition.

Philip founded Art of Procurement as a way for the procurement community to learn from each other, increasing the impact they have on their organizations. In 2017, he co-founded Palambridge, a virtual platform of procurement experts, technology, and intelligence. Palambridge provides a broad range of flexible procurement solutions, available on-demand.

Prior to Art of Procurement and Palambridge, Philip enjoyed a career that spanned the procurement value chain, working across three continents for organizations such as Accenture, Procurian, Ally Financial, Pfizer and Ford Motor Company.

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