Event details
* This AOP Live took place on September 20th, 2022. To watch the broadcast on-demand, please compete this registration form. *
Since the start of the pandemic, people have left their jobs in droves. Some exited the workforce altogether, others switched jobs or industries, and many decided to take this opportunity to dabble in entrepreneurship.
These numbers demonstrate just how staggering the impact has been on the global workforce:
- One in five workers plan to quit their jobs in 2022 (PwC)
- 44% of U.S. workers are currently looking for new jobs (CNBC)
- As of January 2022, the U.K. had approximately 1.5 job openings per unemployed person (The Guardian)
- 58% of Europeans report that they're considering changing jobs this year (LinkedIn)
The opportunities for professionals are significant, as are the challenges for companies trying to fill open roles and prevent current employees from being overwhelmed.
The Great Resignation has led to a war for talent and procurement organizations have not been spared. With supply chain risk conditions persisting, and no signs of recovery on the horizon, companies are falling out of sync with operational requirements and consumer demand.
But rather than attempting to hire or tap into the gig economy, many companies are looking to professional services firms and strategic advisory services to close the talent gap. These teams offer the requisite experience, are well versed on best practices, and can be swapped out as needs change.
During this AOP Live session, Joe Payne, SVP, Source-to-Pay and Jennifer Ulrich, VP, Advisory from Corcentric will answer your live questions about:
- Which roles and responsibilities naturally lend themselves to strategic advisory services
- The advantages of leveraging consulting services to address in-house talent shortages
- How they expect the Great Resignation to affect hiring managers and procurement organizations later this year and early next year
Presenters
Philip Ideson
Managing Director
Art of Procurement
Joe Payne is a sourcing and procurement expert. He has spent his entire career working with many different companies, ranging from mid-sized and large companies to the Fortune 100, to optimize their sourcing and procurement strategies. As a strategic sourcing consultant, he has worked to identify a company’s unique sourcing needs, identify optimal areas for improvement, and ensure a tailored approach that drives performance improvement.
As the SVP of Source to Pay for Corcentric, Joe is extending his expertise into the rest of the source to pay process. Corcentric’s innovative, single-source solution helps companies to optimize all or part of their source to pay process. By using a remarkable combination of human experts, technology, and best practices, Corcentric’s source to pay solution saves time, millions of dollars, and provides high-quality visibility into organizational spend that allows for appropriate and rapid decision making.
Jennifer Ulrich is the Vice President, Advisory at Corcentric, a global provider of market-leading Source-to-Pay, Order-to-Cash and Fleet Solutions. Corcentric’s Advisory Services help align an organization’s people, processes, metrics and reporting, and technology to enhance the performance of Procurement and Finance and eliminate inefficiencies. Jennifer is recognized industry-wide as an authority on Procurement, Finance, and Digital Transformation and Category Management, with over a decade of consulting experience. She has successfully led large-scale organizational improvement initiatives across various industries including: biotech, finance, utilities, healthcare, medical devices, pharmaceuticals, and consumer packaged goods. Corcentric’s clients trust her to provide the cross-functional knowledge and innovative strategies necessary to develop transformation roadmaps and realize long-term results.