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170: Building Trust Through Data Transparency w/ Johan-Peter Teppala

My guest on the Art of Procurement this week is my friend Johan-Peter, or JP, Teppala.  JP is the CEO of the US operations of Sievo, a Finland-based procurement analytics company, encompassing spend analysis, spend forecasting, savings management and contract management.

The core of our conversation today focuses on how procurement can be the driver of what JP termed “radical transparency” through data.

We discuss three key themes:

  • Transparency through spend analysis
  • Transparency through realized savings
  • Transparency through predictive analytics.

In my mind, these are core building blocks for any catalytic procurement organization.  It is hard to make a mark without good data.

“You need to be mindful of the different views that procurement and finance might have when they are looking at savings numbers.– Johan-Peter Teppala

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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.