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Procurement and Finance Outlook Intelligence

CPO Outlook 2024: Supplier Relationship Management

November 13, 2024 By ebgnetwork

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CPO Outlook 2024: Supplier Relationship Management

👉 CPO Outlook 2024 Recap 👈

As you may know, we do not stream our summits due to their strong emphasis on face-to-face discussions in smaller, more intimate groups. With that in mind, here’s a brief summary based on my observations from the two days.

Day 1 | Keynote – Supplier Relationship Management

Thierry Blomet, Senior Vice President, Global Sourcing at Kemira | Finding Strategic Value in Your Supplier Base in a Time-Pressed World

Thierry Blomet’s keynote focused on Kemira’s approach to Supplier Relationship Management (SRM) as a key part of their strategy and sustainability goals. He highlighted that developing strong supplier management practices is an ongoing journey.

Tierry emphasized the need to master various facets of supplier management, including performance evaluations, risk management, and sustainability, in order to drive cost competitiveness and reduce complexity. He also discussed how to divide focus based on the nature of engagements – whether they are strategic business reviews, tactical or operational.

One of the key points Thierry brought up was the power dynamics within the value chain – specifically the SRM versus CRM debate.

This revolves around whose ecosystem of tools and data you integrate into, depending on the customer or buyer’s scope and significance. This critical topic surfaced repeatedly throughout the summit in different shapes and forms.

Ultimately, it’s about execution – fostering a culture of action over inaction.

A big thank you to Thierry and Ivalua for allowing EBG | Network to share these valuable insights, and it was a pleasure getting to know you better, Thierry!

…

CPO Outlook 2025
October 15th & 16th | Stockholm
cpooutlook.com


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Anna & Lars are partners in business and life. Together we run EBG bringing together peers and experts in an informal yet to the point way.

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