Monday, October 22, 2018
8:00 am - 8:30 am Breakfast
8:30 am - 8:35 am Chairman's Recap
8:35 am - 9:05 am One Team, One Goal: Creating a Procurement CultureShaun Anderson - CPO Dynegy
Procurement operations in an organization have historically been fragmented due to the various departmental budget owners, each with their own goals and procurement needs. The CPO is responsible, now more than ever, for creating stronger communication between the procurement function and all other stakeholders to transform procurement into a cost-saving and value creating operation.
· Creating a common language for procurement across the entire enterprise
· Understanding the various departmental goals and identify how the relate
· Centralizing enterprise data to establish data integrity and improved S&OP
· Establishing cross-functional teams to drive stronger internal communications
9:05 am - 9:35 am Supply Chain Risk Management in Uncertain Times
2018 has seen a drastic rise in complexity of the risk landscape, including currency and commodity fluctuation, evolving customer expectations, and environmental hazards, as well as geopolitical uncertainty. While businesses are improving their procurement capabilities and strategies, all of these factors are only projected to increase and so it is vital that the CPO redesign and optimize their supply chain planning and coordination, constantly evaluate compliance of supplier codes of conduct, audits and supplier monitoring.
· Taking new solutions into consideration, including risk information and content originators, supplier management solutions, market intelligence providers and spend analytics
· Hearing how executives have upgraded their risk operating models to incorporate new technologies and the other successful practices they’ve adopted to stay ahead of unforeseen circumstances
9:35 am - 10:15 am Confessions of a Successful Procurement, Sourcing and Vendor Management CoE
Some practitioners say "why bother?" Other procurement leadership circles swear by their efforts to create a Center of Excellence (COE). This session describes one company's journey toward achieving a governance model where continuous improvement rules and executive buy-in frequent. If you have a COE, get tips to optimize outcomes from incremental process checks. If you’re in-flight or considering, this session promises to inform your evaluation.
- Definitions and why we chose our Governance model
- Devising smart metrics
- How to sell the idea up and down the value chain
10:15 am - 10:45 am Business Meeting
10:45 am - 11:15 am Business Meeting
11:15 am - 11:45 am Business Meeting
11:45 am - 12:00 pm Networking Break
MASTER CLASS12:00 pm - 12:45 pm Do You Trust Your Data?
Leadership teams at the Enterprise-level need reliable data, visibility and quick access to slide and dice reporting. What does your data strategy look like? Do you know all the sources of internal and external procurement related data? Are you able to readily access critical-to-decision supplier information? Is procurement spend analytics integrated with forecasting data for reporting? Are you able to slice and dice data without banging on the door of your IT support department?
- Getting tips to troubleshoot your data strategy and find gaps in transparency
- Seeing how your peers manage common challenges both technical and process related.
- Receiving tips to consolidate data without throwing the baby out with the bathwater
MASTER CLASS12:00 pm - 12:45 pm Ensuring a Compliant Procurement Organization in the New Regulatory Climate
Get expert advice to ensure your procurement organization is up to speed with a tactical plan for negotiating contract agreements in relation to the new General Data Protection Regulation (GDPR) regulatory environment. Understand the requirements when engaging technology and product services when outsourcing personal data and know the critical terms, timelines and priority areas. Grasp the differences to past regulations and gain a proactive plan toward achieving compliance.
- Obtaining a “bootstrapping cheat-sheet” to ensure your compliance plan is rock-solid
- Grasping the financial implications of non-compliance
- Sifting through the high-priority articles of the mandate to
12:45 pm - 1:45 pm Lunch
1:45 pm - 2:15 pm The Promise, Peril and Potential pf Blockchain doe the PTP Process
Procure-to-Pay organizations face continuous challenges when generating sustainable cost reductions, improved efficiencies, managed fraud and increased transparency. This session looks at Blockchain as a disruptive technology that holds the potential to offer big operational gains, enhanced security and a more seamless exchange of information with clients and suppliers. Understand the value proposition of Blockchain including decreasing time, resources spent and workload associated with vendor searches, and reshaped invoice processing. Examine other potential gains and asses if Blockchain can serve your P2P organization, including:
· Recognizing the facilitation to swiftly distribute authentication rights along the PTP chain
· Seeing how purchase order and good receipt data is exchanged on the blockchain
- Hearing about the transparency attributes that promise to help foster
2:15 pm - 2:45 pm A Tactical Guide to Drive Innovation and Business Value with Cognitive Computing
Recent studies show that 65% of the total value of a company’s products and services comes directly from its suppliers resulting in the possibility that even an incremental improvement in efficiency can drive huge gains. See how to boost procurement savings beyond the low-hanging fruit leveraging cognitive computing, as a transformational strategy that empowers human procurement professionals to do more than they possibly could using traditional technologies alone through better, faster and more reliable access to information.
- Choosing the best Procurement processes to drive value with cognitive computing
- Transforming Sourcing events to help with price point tasks
- Making the contract negotiation process shorter, smarter and more thorough
2:45 pm - 3:15 pm The Path to Digital Procurement - How AbbVie is Modernizing ProcurementJ. Terry Simmons - Vice President, Global Purchasing AbbVie
Procurement is undergoing massive changes to meet higher demand and complexity. This case study highlights the AbbVie restructuring of its procurement process, the lessons learned on the roll out, and what results they are seeing in the early stages
- Embracing digital disruption and redesign procurement and supply chain processes to meet market demands
- Investing in purchasing department’s infrastructure and processes
- Engaging with suppliers to improve innovation,automate processes and mitigate risk rd
J. Terry SimmonsVice President, Global Purchasing
3:15 pm - 3:45 pm Business Meeting
3:45 pm - 4:15 pm Business Meeting
4:15 pm - 4:45 pm Business Meeting
4:45 pm - 5:00 pm Networking Break
MASTER CLASS5:00 pm - 5:45 pm Employing RFP Sourcing Innovation Through Stakeholder Collaboration in the Cloud
Achieve company-wide compliance through smart sourcing practices that leverage collaborative workflows, automated reporting and real-time status dashboards across your organizations' lines of business. Examine sourcing innovation as a centralized, cloud-based platform, designed to help democratize the sourcing practice throughout the organization. View standardized templates and recipes that help to achieve 100% engagement with the business.
· Understanding the benefits of outsourcing best-in-breed Cloud technology management
· Walking through a demo illustrating process transparency, dashboards and collaboration toolkits
Seeing real-life examples of improved business outcomes through standardized workflows
MASTER CLASS5:00 pm - 5:45 pm Leveraging Best Practices to Ensure Optimal Procurement and Finance Collaboration
Procurement is often looked upon by the larger enterprise to reign in spend and contribute to overall cost savings. This session examines the imperative for Finance & Control (F&C) to engage at both the tactical and strategic level with Procurement and provides a best practice approach to collaboration. Gain a best practice approach to facilitate an effective order process to support contract compliance. Understand the prerequisites that help to build a transparency model and interface protocols between Procurement and Finance. Gain insights on how to simplify and consolidate purchasing practices to better control risks.
- Learning how to craft collaborative supplier relationships in service of your organization
- Designing KPI’s for measuring Procurement process and improvement
- Aligning and standardizing practicable order processes, and system support to strategic business objectives
5:45 pm - 6:15 pm The Future of Work: Attracting & Developing the Next Generation Procurement TalentPerneet Malhotra - Vice President, Enterprise Sourcing Strategic Sourcing Lowe's
Penny Wong - VP, Global Procurement Constellation Brands
According to a recent Deloitte global CPO survey, 60% of CPOs don’t believe their teams have the skills to deliver their procurement strategy. Procurement can be a talent pool for the rest of the organization, but only if it invests the time and resources to develop people who can provide deep insights into an organization, shake the business model and build functional expertise. And with so much changing as a result of digital transformation, how are we preparing our teams to thrive in a world of automation. What new roles are being created as a result? Staff movement is an inevitable part of business today, but how can we ensure our employees are effective in the short term? How is the gig economy impacting procurement? These questions and more will be addressed during this session.
Perneet MalhotraVice President, Enterprise Sourcing Strategic Sourcing
Penny WongVP, Global Procurement
6:15 pm - 7:00 pm Roundtable Discussions: Choose Your Topic
Getting Ahead of Runaway SpendIt is well-known that by the time runaway spend is realized, it is often too late. This discussion focuses on the common and little-known strategies that successful Procurement organizations employ to get in front of climbing spend to ensure cost containment. See how strong leadership and a strong supporting team can affect the end-to-end sourcing and procurement process.
Gain a Window into Realized Cost Savings
Ensure transparency at the P&L level to make sure that your Procurement organization is setting the proper expectations, aligning business outcomes and delivering those promises to business outcomes. Compare tracking and measurement tools that will support your procurement goals.
Fostering Talent: Building Resources for Smart Sourcing
Establishing a professional sourcing operation with transparency across stakeholder interests and lines of business is a challenge for companies. The ability to readily access goods and services in a way that is standardized and accessible requires a monitored strategy and execution plan. See how your peers work to elevate the sourcing and procurement function to the next level of maturity with a strong team and resource-building plan.
Establishing KPI’s for the Procurement and Sourcing Operation
Savings a critical measure to evaluate a successful Procurement strategy. This discussion is designed to give practitioners the opportunity to exchange important metrics that help to demonstrate the value of the organization at the critical milestones of supplier sourcing, purchasing practices, and cost optimization. Find out where the data is, how it is measured and gain a best practice approach to process improvement.
Tips for Managing Spend at the Category Level
This roundtable offers a methodology to achieve a proactive category plan designed to aggregate company-wide buys and stakeholder interests (internal and external), alongside the markets they purchase from. Understand the unique skillset that smart Category management requires including commodity know-how, specific market insights, and cost-modeling expertise. Look at the critical planning inputs, including how to best connect current supplier relationships to broader supply market risks. Link and prioritize sourcing projects to your Category plan.