This Week in Procurement

This Week in Procurement: Procurement & the Fourth Industrial Revolution

Written by Philip Ideson

1.
MUST READ

The Fourth Industrial Revolution will be a driver of a number of disruptions to hit procurement as a profession – but also the stakeholders that we support. So how can we prepare, and be ready to lead our organizations as they embrace these changes?

That is the topic of this week’s “must read”:

Procurement & the Fourth Industrial Revolution | Dan Bartel, Group VP, Head of Supply Chain Management, Electrification Products Division, ABB

For a good primer, check out The Fourth Industrial Revolution: What is Means, How to Respond by Klaus Schwab, Founder and Executive Chairman, World Economic Forum.


2.
OTHER INTERESTING ARTICLES

Humility – Key to Successful Supplier Relationship Management | State of Flux Staff

Top CPO’s Discuss How To Engage the CFO | Coupa Staff

Direct Material Procurement Woes and How to Fix Them | Lora Cecere, Supply Chain Insights

Managing Innovation: The New Challenge for Strategic Sourcing | Pierre Mayence

Spotlight on False News Highlights Need for Authoritative Sources and Triangulation (in Supply Market Intelligence) | Jeanette Jones, Cottrill Research

How Will You Start Driving Strategic Value? | Amber Christian, ConsultAce

Principles & Practicality: Foreign Trade and the Global Supply Chain Executive [PDF] | Sean Ryan, A.T. Kearney (from ISM Magazine, November/December 2016)

 

3.
PROCUREMENT RELATED NEWS

Ground Breaking Alliance to Support the Enablement of Australasian Indigenous Communities | CIPS News

 

4. 

QUOTE FROM THE ARCHIVE

“Procurement to my mind should be forward thinking with regards pushing a business towards future success and a lot less about executing historical business more efficiently”

– Tom Derry, CEO, Institute for Supply Management

 

5.
THIS WEEK @ THE ART OF PROCUREMENT

106: Eight Steps to Post-Award Strategic Cost Management w/ Jimmy Anklesaria, Founder, Anklesaria Group.

107: 5 Tips to Maintaining Your Supplier Relationship After a Tough Negotiation – Friday Show

 

Have a great weekend!

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.