Vice President | Executive | Strategy | Transformation | Strategic Partnerships | Global Supply Chain | Global Procurement | Global Sourcing | Sustainable Procurement | Supplier Diversity | DEI | Board Director | Advisor
Supply volatility, risk and uncertainty are RAGING and likely keeping many business leaders and procurement professionals up at night. As businesses focus on reworking their organization strategies and operational models, procurement teams should be: Understanding and aligning with the shifting priorities and objectives of the business - effectively integrate your category strategies. Aligning with their stakeholders on their shifting needs - has the definition of success and value changed? Do they understand the shifts in the supply landscape? Bringing market insights and data to their business partners to help develop successful go-forward strategies that incorporate the realities of market pricing, availability, risks and opportunities. Leverage technology to automate the tactical day-to-day activities so your teams can focus on delivering impactful, strategic value. Leverage data to immediate, moderate and potential risks to your business and your supply chains - develop mitigation and contingency plans to assure supply, enable growth, initiate innovation - align your focus with what is most critical and needed for your business Fire up your procurement teams and get them out engaging and listening to your business partners and suppliers. Rally with your internal and external partners and suppliers - leverage their expertise and focus on collective continued success and growth. Check out the attached features in The Supply Chain Ledger and The Procurement Ledger for more insights on mitigating risk and procurement transformation. https://isu.pub/JXPbV1B https://isu.pub/y6xvI96 Thoughts? What am I missing? Does this resonate? Tagging a few friends and trusted leaders in procurement to weigh in and share their thoughts! Mercedes Romero Wayne Scott Evans Alan J. Rice Amanda Prochaska Mathew Schulz Michael V. Shachi Rai Gupta Randy Auld Taras Korec, P. Eng., P. Log., CSCMP, NISCL-CSCL
Very well stated Sheri Spinks. My opinion is that supply volatility, risk, and uncertainty are the new norm. I would encourage all Procurement Leaders to build an organizational structure that is designed to be agile, leverages technology to give your teams the ability to monitor and think strategically, and lastly understand where your critical external partnerships need to be to enable business critical functions are well supported. Those are the allies that will enable the organizational resilience to weather the constant storm.
Sheri Spinks - This is a very timely topic, as I was just writing about this yesterday in prep for a op model session at ProcureCon US Indirect West. One item that is often overlooked is the power of culture when discussing agility and proactiveness. If your culture, let’s say, promotes and celebrates “fire fighting” - you can teach all the right skills, but will still struggle to be successful.
Sheri Spinks - Business partnering with proactive intelligence is where it’s at both from Commercial perspective as well as the entire risk spectrum. People and Tech are and will be the biggest enablers to meet and succeed.
Outstanding presense and executive functioning!
Spot on Sheri !!. In today’s volatile landscape, procurement teams must be more agile and strategic than ever. Aligning with shifting business priorities, leveraging data-driven insights, and embracing technology to drive efficiency are all critical to staying ahead. Proactive risk management and strong stakeholder collaboration will be key differentiators in ensuring resilience and driving long-term value. Great insights!
Great to have you involved in this Sheri Spinks. Thank you for you valuable input
Very helpful and well said.
Managing Director @ Caché Procurement | Procurement Advisory | AI Strategic Advisory.
2 周Sheri Spinks, I totally agree—procurement teams need to step up and get ahead of the chaos. Beyond aligning with business goals, it’s all about data-driven decision-making and proactive risk management. ? Use predictive analytics to anticipate disruptions and adjust sourcing strategies before issues hit. ? Strengthen supplier relationships—more transparency, collaboration, and diversification will make supply chains more resilient. ? Automate the tactical stuff so teams can focus on strategic moves that drive real value. ? Keep ESG in the mix—balancing cost, sustainability, and compliance is key for long-term success. Now’s the time to shift from reactive to proactive, smart, and strategic procurement, because the old playbook just won’t cut it anymore.