There is no end to the list of problems procurement is asked to solve. Supplier rationalization, supply chain diversification, risk management, aggressive ESG targets, regulatory compliance, and sustained revenue growth are just a few.
Even as procurement develops skills in these areas, new challenges are always emerging. Procurement has to be creative, flexible, and tireless - attacking each new obstacle the way an entrepreneur approaches a gap in the market.
This style of problem solving requires procurement to understand a problem correctly and completely before developing a plan or executing a strategy. As a result, they need to have partners that share their outlook and approach. Exploring the problem first will set the team up for success as they define it rather than assuming the solution that has worked for others will work for them as well.
On May 16th at 11 am ET, Joe Payne and Jennifer Ulrich from Corcentric will join us for an AOP Live session focused on strengthening procurement’s problem solving super powers:
- How to adapt and thrive, placing an emphasis on staying calm while leveraging each team member’s strengths and experiences
- Recognizing the details required for data-driven execution without losing sight of overarching business requirements and objectives
- Diagnosis before prescription, identifying and understanding problems before defining and executing a solution that may not be the right one
- Best practices based on real-world challenges that procurement teams have mastered by taking an entrepreneurial approach to problem solving
Art of Procurement
Partner & Head of Content
Art of Procurement
SVP, Source to Pay
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.