Procurement has long been blamed for not fully understanding the business needs , and, instead, placing savings before stakeholder interest and dictating standardized processes and policies. The CPO of UCB, Sebastien Bals, is determined to change that perception by actively collaborating with and taking feedback from internal stakeholders.
We have observed that the desired savings are not being captured despite spend consolidation for a particular category. The reason may be that category teams are missing huge opportunities by considering “specs” by suppliers based only on the contribution to the spend.
American Red Cross CPO will talk about the Art of Stakeholder Management on Aug 4