- Like Resource
Ep 05 Inside Procurement: aligning procurement strategy with overall corporate strategy
Welcome to the first part in our Inside Procurement video series, in which we will examine procurement and supply chain concepts and ideas of today and tomorrow.
In this episode, we look at the concept of ‘procurement strategy’. Leaders have been developing strategies in one form or another for years, but for many this just meant achieving simple goals – such as reducing cost by 5% Y-o-Y. However, this has changed in recent years with more complex demands – including sustainability and risk management – expected of procurement. This has resulted in procurement leaders becoming far more sophisticated in how they conceptualise their strategies – ensuring those strategies support a company’s overall business goals – and playing a greater role of business partner and trusted advisor.
In this video, we explore two important questions:
- What is strategy – ‘procurement strategy’ in particular?
- How can companies ensure their procurement strategies are aligned with the overall corporate strategy?
Omer Abdullah is Chief Commercial Officer and Co-founder for The Smart Cube. He works with Procurement and Strategy leaders at global organisations, transforming their teams to become value-driven and insight-led. Omer has more than 30 years of management consulting and global corporate and industry experience across North America, Europe, and Asia. His prior roles include A.T. Kearney (North America), Warner Lambert (USA), and The Perrier Group (Asia-Pacific). Omer has an MBA from the University of Michigan at Ann Arbor, USA, and a BBA from the University of East Asia.