ArcBlue

Yesterday we held our webinar on “Building High Performing Procurement Teams”. One of the slides I presented (see below) highlights some striking findings from our ANZ CPO Insights report: ?? Only 40% of organisations have effective programs to develop procurement talent. That means 60% don’t! In a world where procurement is expected to achieve more with less, we have to ask—why is talent development not a priority? ?? Just 28% of leaders believe procurement influences strategic organisational decisions. Is this an accurate reflection of reality, or are we underestimating the impact of procurement as a function? ?? 49% of respondents feel their procurement teams are under-resourced. Is this a symptom of recruitment and retention challenges—or inefficient processes driving resource demands? These stats spark important questions about how we as a profession evolve to meet rising expectations. What are your thoughts? Which of these stats resonates with you the most? --------------------------------------------- For more insights on the topic of procurement & supply chain, please feel free to connect with me, and also give ArcBlue Asia a follow.

ArcBlue's Chris Hodgson MCIPS and Chris Gardner spoke with CFO Magazine A/NZ this month to share their insights for CFO's on how to generate value, not just savings from a cost optimisation program. Read 'From Cost Cutting to Value Creation > 7 Insights Every CFO Should Know' here: https://hubs.la/Q02YG76m0 #costoptimsation #CFOmagazine #savingsprograms #procurementspend #insights #CFOinsights

?? Join us in welcoming the newest members of our Hong Kong team, Sam and Felicia! Felicia Sutanto brings over five years of experience as a management consultant, driving strategy and transformation projects for multinational corporations in retail and technology. Sam Chan has a strong background in analytics and cost management, with prior experience in the watchmaking industry, focusing on the direct procurement category and providing data support to procurement teams. Their expertise will undoubtedly strengthen our ability to provide exceptional outcomes for our Hong Kong clients. We're excited to have you on board, Sam and Felicia! ?? #procurement #supplychain #consultant #arcbluecrew #welcome #newteammember #hr #hongkong

Recent occurrences such as geopolitical tensions, rising labour costs, trade disputes, COVID, increased import costs and shortages have highlighted the risks with relying too heavily on a sole supplier. Many organisations are now going through a de-risking process with their supply chains. In this video, ArcBlue Asia Director for Hong Kong & China, Keith Gauntlett, explores the challenges that come with the various supply chain de-risking strategies. #supplychain #riskmanagement #sourcing #procurement #asia #china

In our 2024 ANZ CPO Insights survey, 56% of CPOs felt their procurement strategy was well-aligned to the business, while 39% believed their procurement function was not viewed as 'best practice' by their business. How would your procurement function score? ?? For CPO self-assessed maturity results across all 9 Dimensions of Procurement Excellence plus insights on procurement maturity & improvement from Chris Gardner, Chris Hampden and Fiona Nissen FCIPS (Chartered) - download the full report here: https://hubs.la/Q02Ytb0J0 #procurementmaturity #arcblue #cpoinsights

?? CPOs have a unique opportunity to influence the future of procurement and demonstrate strong leadership to launch the next generation of strategic procurement. ?? To better understand the state of procurement in ANZ and identify areas for improvement, ArcBlue surveyed Chief Procurement Officers (CPOs) in the region. This research builds on our experience helping organisations to measure and advance procurement maturity. In our CPO Insights ANZ 2024 Report we have reviewed the survey results across each of the nine ArcBlue Dimensions of Procurement Excellence, providing key insights and takeaways for CPOs on why maturity matters in each dimension and the risks associated with neglecting these critical areas. Access the full report here: https://hubs.la/Q02XQJBt0 #cpoinsights #surveyinsights #procurementmaturity #arcblue #procurement #procurementexcellence

Building a high-performing leadership team requires more than just skills—it’s about fostering collaboration, accountability, and a shared vision for success. This article breaks down four key steps that can help leaders enhance their team dynamics and drive impactful results. “The best leaders are those who are in the habit of admitting what they don’t know. Like Socrates, they practice wisdom daily by questioning assumptions and putting purpose before ego.” ??Read: https://hubs.la/Q02Xs-kD0 #leadership #leadershipdevelopment #people

ArcBlue Asia is proud to sponsor the Asia Pacific Procurement Congress 2024! Join our team, Chris Hampden and Kai Yang Lee MCIPS, as we come together with procurement leaders from across the region to share strategies and solutions that shape the future of procurement. Be sure to stop by our booth at Swiss?tel The Stamford, Singapore, on 12-13 November! Procurement Leaders | A World 50 Group Community #PLAPPC #ProcurementLeaders #CPO

The latest edition of the ArcBlue Advisor is now live! For this edition, we feature key insights on procurement technology and trends, including the impact of AI on supply chains, commercialising innovation, approaches to decarbonisation, and building high-performing teams. We also have two upcoming free webinars open to the public! Visit the ArcBlue Advisor page for more details. ?? https://hubs.la/Q02WSvrv0 ?? Subscribe to our ArcBlue Advisor emails to receive them straight to your inbox - Advisor is our regular collation of procurement & supply chain news, trends, articles & upcoming training events from across the Asia Pacific! Click here to subscribe: https://hubs.la/Q02WSvmQ0 #arcblueadvisor #procurement #supplychain #AI #technology #diversity #inclusion #ESG #SRM

A global leader in industrial goods and services had launched a major procurement transformation across the APAC region. ArcBlue conducted a comprehensive Voice of the Supplier Programme to assess supplier perceptions and responses to these changes. ArcBlue provided recommendations to strengthen the organisation's SRM and developed a detailed 12-month implementation roadmap structured around four key workstreams: ?? Enhancing the SRM Programme ?? Addressing Procurement Process Pain Points ?? Improving Payment Performance ?? Enhancing Digital Procurement Tools Find out how ArcBlue built a roadmap for successful procurement change: https://hubs.la/Q02WpXbV0 #industrial #supplychain #procurement #supplychainmanagement #changemanagement