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Ep 29 Inside Procurement: Commodity Risk Management | Stages of Maturity (Pt 1)
The latest episode from Inside Procurement is the first of a 3-part video series, where Omer Abdullah deep dives into the topic of commodity risk management (CRM) – that’s been on the minds of Procurement executives across the world in 2020.
Different companies approach CRM in different ways, and therefore tend to rely on different tools and techniques to manage commodity risk. In this series, Omer breaks the discussion down into the 3 broad maturity levels of CRM – what they mean for organisations and the issues that arise at each stage. He also explores how commodity intelligence and analytics can help drive not just savings, but also the total value for businesses.
This first episode focuses on the 1st stage – cost containment. Watch out for the next two videos, as we continue our discussion to the 2nd and 3rd stages of maturity – long-term cost control and progressive risk management, respectively.
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Omer is a co-founder of The Smart Cube and leads the firm’s business across The Americas. 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, 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.