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Transformational Supply Chain Executive Focused on Optimizing Business Decisions, Streamline Operations and Empower Teams; Latinx success Coach
Forget Cost-Cutting! The New CPO: A Mastermind of Collaboration & Value Creation! I found fascinating the opportunities for Procurement professionals and the role they will play in future years. The CPO's role has expanded beyond cost-cutting to building partnerships - both with suppliers and internal teams. They act as a knowledge broker, unlocking value through collaboration across the company. New Currencies of Procurement: 💡 Improved Net Margins: Beating market trends and managing risks. 💡 Ensuring Volume & Growth: Securing critical materials and maintaining supply chain flexibility. 💡 Leading Emissions Reduction: Helping the company achieve net-zero goals. Challenges that can become an opportunity: 🌤 Volatility: . In a more volatile era, value creation increasingly depends on offsetting market increases and swiftly capturing downward trends. Collaboration between procurement and sales, along with other functions, becomes vital for protecting and increasing margins while managing risk. 🌤Regionalized Supply Chains: More focus on sourcing closer to production is opening the door for potential savings and better agility to deliver, , but also brings complex long term negotiations for with new nearshore vendors, global trade compliance and logistics design. Read the full article. https://lnkd.in/gGWPTXhN What are your thoughts? Are you already in this journey? What can you advice to our community? Share your insights in the comments!
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Strategic Procurement Leader | Negotiator by Trade, Collaborator by Design | 20+ Years in Pharma and Healthcare: Manufacturing, R&D, Biologics, Clinical and Comparator Sourcing | Driving Global Supply Chain Excellence
Procurement is About Building Strong Partnerships: In procurement, success isn't just about managing upwards. It's about fostering collaboration across all levels - working hand-in-hand with stakeholders, peers, subordinates, cross-functional teams, and suppliers. The most successful procurement professionals understand that the best results come from a united effort, where everyone’s voice is heard, and every contribution is valued.
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Supply Chain & Procurement Manager (Sub-Saharan Africa) | Experienced Project Manager with a Proven Track Record of Success | SDG Advocate |
𝗘𝘃𝗲𝗿 𝗲𝘅𝗽𝗲𝗿𝗶𝗲𝗻𝗰𝗲𝗱 𝗮 𝗱𝗲𝗰𝗶𝘀𝗶𝗼𝗻 𝘁𝗵𝗮𝘁 𝘀𝗲𝗲𝗺𝗲𝗱 𝘀𝗺𝗮𝗿𝘁 𝗮𝘁 𝘁𝗵𝗲 𝗺𝗼𝗺𝗲𝗻𝘁 𝗯𝘂𝘁 𝗾𝘂𝗶𝗰𝗸𝗹𝘆 𝘁𝘂𝗿𝗻𝗲𝗱 𝗶𝗻𝘁𝗼 𝗮 𝗹𝗲𝘀𝘀𝗼𝗻 𝘆𝗼𝘂’𝗹𝗹 𝗻𝗲𝘃𝗲𝗿 𝗳𝗼𝗿𝗴𝗲𝘁? One of the most unforgettable experiences in my supply chain journey occurred during a high-stake project early in my career. 📍𝙏𝙝𝙚 𝘾𝙝𝙖𝙡𝙡𝙚𝙣𝙜𝙚: We were tasked with sourcing critical components for a major telecommunications operation, where any delay would result in substantial financial losses. 📍𝙏𝙝𝙚 𝘿𝙚𝙘𝙞𝙨𝙞𝙤𝙣: Initially, we chose the cheapest supplier, thinking it was the smartest move at the time. 📍𝙏𝙝𝙚 𝙁𝙖𝙡𝙡𝙤𝙪𝙩: However, it quickly turned into a logistical nightmare. The vendor missed deadlines, and the components were subpar, leading to severe delays and unexpected costs. 📍𝙏𝙝𝙚 𝙇𝙚𝙨𝙨𝙤𝙣: This tough experience taught me that value in procurement goes beyond dollars. 𝗜𝘁’𝘀 𝗮𝗯𝗼𝘂𝘁: 📌Reliability 📌Relationships 📌Strategic planning 𝗜 𝗹𝗲𝗮𝗿𝗻𝗲𝗱 𝘁𝗼: 🔴Prioritize supplier integrity and performance metrics over cost alone. 🔴 Emphasize the importance of contingency planning, thorough supplier vetting, and always having a backup plan to avoid disruptions. 📍 𝙏𝙝𝙚 𝙏𝙧𝙖𝙣𝙨𝙛𝙤𝙧𝙢𝙖𝙩𝙞𝙤𝙣: This journey from reactive to strategic supply chain management shaped the expert I am today. It’s a powerful reminder that short-term cost-savings can turn into costly mistakes without long-term planning and strong relationships. What’s an unforgettable moment in your career that taught you a lasting lesson? Share your story in the comments 👇let’s learn from each other! Haoma Worgwu 𝘐 𝘩𝘦𝘭𝘱 𝘺𝘰𝘶 𝘢𝘴 𝘢 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴 𝘵𝘰 𝘵𝘳𝘢𝘯𝘴𝘧𝘰𝘳𝘮 𝘺𝘰𝘶𝘳 𝘯𝘦𝘦𝘥𝘴 𝘪𝘯𝘵𝘰 𝘦𝘧𝘧𝘪𝘤𝘪𝘦𝘯𝘵 𝘴𝘰𝘭𝘶𝘵𝘪𝘰𝘯𝘴 𝘵𝘩𝘳𝘰𝘶𝘨𝘩 𝘱𝘳𝘰𝘫𝘦𝘤𝘵 𝘢𝘯𝘥 𝘴𝘶𝘱𝘱𝘭𝘺 𝘤𝘩𝘢𝘪𝘯 𝘮𝘢𝘯𝘢𝘨𝘦𝘮𝘦𝘯𝘵. #20dayslinkedinchallengewithhaoma #supplychain #leadership #procurement #excellence #learn #lead #continuousimprovement
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🌟 IT Procurement Category Management @ Nestlé | Procurement Leader | Supplier Diversity Advocate | Negotiation & Contract Expert | Relationship Builder l Strategic Thinker | Stakeholder & Vendor Partner | 🌟
💡 𝕆𝕟𝕖 🗝 𝕋𝕚𝕡 𝕗𝕠𝕣 𝔼𝕗𝕗𝕖𝕔𝕥𝕚𝕧𝕖 ℙ𝕣𝕠𝕔𝕦𝕣𝕖𝕞𝕖𝕟𝕥: ℂ𝕝𝕖𝕒𝕣 ℂ𝕠𝕞𝕞𝕦𝕟𝕚𝕔𝕒𝕥𝕚𝕠𝕟 In the fast-paced everyday hustle of procurement, maintaining clear communication channels with your suppliers is crucial. This practice ensures transparency, fosters trust, and builds stronger, more collaborative relationships. When both parties are on the same page, it leads to smoother operations, timely deliveries, and mutual growth. During my career in procurement, I’ve found that regular updates, open dialogue, and proactive problem-solving with suppliers make a significant difference. It’s not just about the transactional aspect; it’s about 𝕔𝕣𝕖𝕒𝕥𝕚𝕟𝕘 𝕡𝕒𝕣𝕥𝕟𝕖𝕣𝕤𝕙𝕚𝕡𝕤 that 𝕥𝕙𝕣𝕚𝕧𝕖 on mutual respect and shared goals. What’s your top tip for procurement success? Let’s learn from each other and elevate our procurement practices together!👇🏻 #ProcurementTips #BestPractices #Collaboration #SupplyChain #SupplierManagement #Transparency #ProcurementSuccess #StrategicSourcing #BusinessGrowth #ProcurementLeadership
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🌍📦 𝐌𝐚𝐧𝐚𝐠𝐞𝐫 𝐆𝐥𝐨𝐛𝐚𝐥 𝐝𝐞 𝐂𝐨𝐦𝐩𝐫𝐚𝐬 𝐞 𝐈𝐦𝐩𝐨𝐫𝐭𝐚𝐜̧𝐨̃𝐞𝐬 na NEUPHARMA | Estrategista em otimização de cadeia de suprimentos | Experiente em negociações internacionais e gestão de fornecedores |
As a 𝙈𝙖𝙣𝙖𝙜𝙚𝙧 𝙤𝙛 𝙂𝙡𝙤𝙗𝙖𝙡 𝙎𝙪𝙥𝙥𝙡𝙞𝙚𝙨, my role involves overseeing and optimizing the sourcing and procurement processes on a global scale. I lead a team dedicated to ensuring a seamless and efficient supply chain, working with suppliers worldwide to meet our organization's needs. 𝗠𝘆 𝗿𝗲𝘀𝗽𝗼𝗻𝘀𝗶𝗯𝗶𝗹𝗶𝘁𝗶𝗲𝘀 include strategic planning, supplier relationship management, and implementing cost-effective solutions. I focus on fostering collaboration between internal teams and external partners to enhance overall supply chain effectiveness. Additionally, I stay attuned to market trends and industry developments to make informed decisions that positively impact our global supply strategy. In summary, my role as a Manager of Global Supplies involves 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗰 𝗹𝗲𝗮𝗱𝗲𝗿𝘀𝗵𝗶𝗽 in managing the sourcing and procurement functions across diverse regions to ensure the uninterrupted flow of supplies for our organization. #ManagerOfGlobalSupplies #SupplyChainManagement
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Marketing Manager & Brand Ambassador | Graphic Design Doodler | Positivity Enthusiast | Coach & Team Motivator | Proud Husband & Father
This is pretty cool - when our team includes strategic sourcing in our solution for the client we are able to gain an average of 8% in additional savings on the project. If you are not capitalizing on strategic sourcing yet, please reach out and I will connect you with our subject matter experts. #SupplyChain #Sourcing #Consulting
"We’re going to save the client more money — on average 8% more — every single time we include strategic sourcing in our toolbox.” Khristina Lores (Strategic Sourcing Project Manager) Learn the power of strategic sourcing and the steps to implement it in your organization in this free white paper: https://hubs.li/Q02hrj7m0 #Sourcing #VendorManagement #SupplyChain #Operations
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How Procurement's Mission and Vison aligned with organization can shape the future of the procurement function: Strategic Alignment, Enhanced Collaboration, Resource Optimization, Improved decision making, increased stakeholders' engagement. As the company expands its operations and diversifies its product lines, Procurement's role became increasingly critical. However, lacking a defined purpose beyond simply fulfilling orders and cutting costs, Procurement team may struggle to keep up with the evolving demands of the organization.
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Help MSME Companies | Manufacturer Units | Enterprises Companies Submitting Bids on the GeM portal Tender Submission Services
As a seasoned professional, I’ve navigated complex procurement landscapes, ensuring cost-effective solutions and strategic sourcing. My expertise lies in contract negotiation, supplier relationship management, and driving process improvements. Whether it’s optimizing inventory systems or managing multimillion-dollar budgets, I thrive on delivering results. Let’s connect and explore how we can enhance procurement practices together! 🚀
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Global Purchasing Supply Manager, International experience, material follow up, cost creep, supplier Negotiations, Supplier Develpment
4moAplicado JP