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Rethinking Your 80/20 to Achieve the Art of the Possible

By October 5, 2022April 10th, 2024No Comments

Procurement has long managed spend, implemented tech, and committed resources based on the 80/20 rule. 

But given how we’ve matured as a profession, should that 80/20 split still be based on total spend? Not if procurement wants to drive incremental impact.

Adam Brown is the lead for transforming and digitizing source to pay at AP Moller – Maersk. He and his team are breaking down procurement preconceptions and unleashing their potential for impact by rethinking their 80/20.

Rather than focusing their efforts on managing 80% of total spend, they are revolutionizing how they manage the 20% of spend that is unique to their company and industry.

During our AOP Mastermind LIVE 2022 digital event, Adam joined the AOP team to share how he uses the familiar 80/20 paradigm to challenge how procurement implements technology and break down our own barriers about what procurement can and should be doing to drive value.

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