ProcureTech SIGNALS 2022 Issue #6

ProcureTech SIGNALS 2022 Issue #6

Welcome to?ProcureTech's weekly LinkedIn newsletter!

The role of the current?and future CPO is rapidly changing, with a fundamental shift towards digital innovation, sustainable impact and ecosystem orchestration and purposeful, inclusive leadership.?As Carlos Garcia and Fabrice Lebecq from Heidrick & Struggles outline in their recent white paper:?'Now, by the very virtue of their position at a nexus between their company and the external environment, today’s CPOs find themselves more and more at the?center of many of the most important strategic initiatives of their companies'.

"The CPO can become a key partner to many parts of the organization by bringing digital innovation to the business - for example, in the form of platform buying and advanced analytics."

Jane Liang, CPO at British American Tobacco

Digital transformation to enable this shift involves the ongoing evolution of your digital procurement ecosystem. Scouting for new digital solutions to help build your ecosystem acts as a critical catalyst for this change. ProcureTech are collaborating with leading procurement teams to scout and scale their digital procurement platforms, building the digital future of procurement.??

Giacomo Franchini, CEO and Founder of SupplHi, a Vendor Management SaaS for industrial B2B equipment and services, joins us for ProcureTechSTARS?to share his thoughts on being value chain drive, creating a culture for success, supplier digital passports and polar explorers???

"Industrial B2Bs are responsible for 30% of the world's GDP and more than 20% of the world's CO2 emissions."

Giacomo Franchini

Register to ProcureTech here.

You can also check out our?Resource Hub?for insights into the world of digital procurement and much more!

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CPOs becoming a catalyst for digital innovation at the corporate level: Resetting the role of the CPO???

The CPO's role has undergone fundamental changes over the last few years.?

Data-powered technologies, digitised work, evolving supply chains, extreme disruption and critical topics of sustainability and risk management are driving CPOs to adapt rapidly. Based on interviews with 11 highly respected procurement leaders across various industries in Europe and Asia, Heidrick & Struggles reveal the key changes and drivers emerging as the role of the Chief Procurement Officer resets.

Read more about resetting the CPO's role here.

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ProcureTechSTARS with Giacomo Franchini, CEO and Founder of SupplHi ??

We caught up with Giacomo Franchini, CEO and Founder of SupplHi, the Vendor Management SaaS for industrial B2B equipment and services.?

Giacomo shared his thoughts on being value chain driven, creating a culture for success, supplier digital passports, polar explorers and sparkling wine. Join the conversation as he discussed sustainability, global customers and providing full traceability.

Read the full conversation with Giacomo here.

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Digital procurement innovation scouting ??

New opportunities, collaboration and partnerships with new solutions to innovate and scale faster !

At ProcureTech innovation scouting across the entire digital procurement ecosystem and beyond is what we love to do.

Identification of new trends, pursing the new big idea, exploring the new and existing solutions in the market, analysing digital solutions available and their application too. Matching new solutions to leading corporate procurement teams requires clarity of challenge, co-creation and a pathway from demo to pilot to partnership.

Roche's Global Procurement team?have launched?their procurement team into the next generation via a comprehensive digital transformation journey utilising enhanced collaboration and improved working models with suppliers to improve performance.

To make this happen, Roche are looking to partner with innovative and leading digital solutions?to?enhance?their?supplier onboarding approach?as well as improve their supplier management and engagement capabilities all with the purpose of accelerating their transformation journey. The Roche Supplier Onboarding challenge is demanding, requiring outstanding UX and flexible, automated workflows; strong, seamless integration with SAP and others; deep proven data management and global deployment capabilities; and the ability to operate at scale; and most importantly a team with collaboration and agility at their core.?

If you think you have the right solution, or know someone who might be up for the challenge, share this with them or contact:?[email protected]


News

The news that matters this week.

?? SecurityScorecard acquires LIFARS to combat cybersecurity together

?? TripActions expands into UK and Europe by acquiring travel management company Comtravo

?? Jaggaer acquires DocSkiff to enable organisations to review and analyse contract information using AI and ML

?? Why ESG compliant supply chains perform better, according to Refinitiv

?? Carbmee Co-Founder listed as top Tech entrepreneur - alongside Elon Musk!

?? Kodiak Hub outlines the 12 popular procurement trends for 2022 and beyond

?? Download your FREE copy of the ProcureTech100 Digital Yearbook

Experiences

The must-attend digital and procurement experiences...

?? Purpose-led procurement: the path to net-zero impact Vizibl 16 February

?? Voice of Supply Chain SourceDay 16 February

?? De-risk Procurement with the right mix of Transactional and Market Intelligence Beroe and Digitate 16 February

?? TPM 2022 USA Xeneta 27 February - 2 March

?? Global Supply Chain Summit FourKites 9 March

?? Global Supply Chain & Procurement Transformation 2022 Corporate World Intelligence 29 March

Podcast

Check out the featured podcast.

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?? The Aravo Solutions team discuss why a risk-based approach to procurement is important and how it can best serve the organisation. Listen here. ??

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If you enjoyed this newsletter, then please share with your peers and friends, more collaboration and conversation = more inspired action!

Follow us on?LinkedIn?for daily digital procurement insights.

As usual, we'd also love to hear your wisdom, feedback and suggestions on any 'hot'??? digital procurement topics or events you'd like to hear more about or to share.

The ProcureTech Team

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