122: Beyond the Numbers: A Deep Dive into the Deloitte 2017 CPO Survey w/ Lance Younger
Art of Procurement
I have always sought out the Deloitte CPO Survey as a leading indicator on the health of the procurement function and just a couple of days ago, Deloitte published the results of their 2017 Survey. Today on the Art of Procurement, I am joined by Lance Younger. Lance is the Head of Procurement and Sourcing Consulting in the UK, a Partner of Deloitte’s Strategy and Operations Practice, and a co-author of the report that accompanies this year’s survey findings. In today’s conversation, we go beyond the numbers to identify some of the trends, challenges and opportunities that look set to shape the procurement profession in 2017. Areas we cover in today’s conversation include: The headline findings of the report, such as: 79% of procurement leaders continue to focus on cost savings The growing importance of risk management as a procurement priority 60% of procurement leaders do not believe they have the internal capabilities to deliver on their vision The increasing role that procurement is playing in helping organizations deliver top line growth. The juxtaposition between more and more procurement leaders wanting to increase business partnership, while the value levers being used are increasingly short term. Key characteristics of high performing procurement organizations How procurement outsourcing is struggling to maintain traction, and why changing workforce trends and the increase in the freelance economy are providing procurement leaders with new, innovative, delivery models. Why some leading companies are moving back towards a decentralized procurement delivery model. The expanding nature of procurement’s role in an organization. Why the clock is ticking to transform procurement’s value proposition (and why we do have time yet to make the leap). What do C-suite executives look for from their procurement teams today. For more information, visit: http://artofprocurement.com/deloitte2017
The Procurement Revolution 2016 was a virtual, global, multi-media movement aimed at getting procurement professionals to stand up, speak out, and drive change and was co-organized by Philip Ideson of Art of Procurement and Kelly Barner of Buyers Meeting Point. Over the course of 5 days in September 2016, 40 Revolutionaries from both within and outside the procurement profession. delivered 5 live Q&A webinars and over 50 unique pieces of audio, video, and written content. One of our key beliefs was to make the content generation accessible to all. No paywalls, no email signups required, and no sponsors. To that extent, we have released each submission as a podcast. What you are about to hear is an audio version of one of the video presentations. To watch the videos that accompany this podcast series, just head on over to http://theprocurementrevolution.com. The Procurement Revolution co-organizers can be found at http://artofprocurement.com and http://buyersmeetingpoint.com.