CPO INSIGHTS #25

Welcome to CPO Insights #25, your monthly update on the world of Procurement, Digital Procurement and Supply Chain News, featuring insights from C-Level executives.

This month’s cover features the ProcureTech100 Yearbook 2024, created by ProcureTech and published by CPOstrategy, giving insight into 2024's procurement technology trends, highlighting the significant evolution of the digital procurement landscape, shaped by new market demands and reimagined ways of working.

Plus, exclusive procurement content, interviews, and insights from:

⭐ Damon Ascolani, SVP, Head of Global Procurement Facilities, Real Estate and Travel at TransUnion, who explores how procurement is evolving into a trusted business enabler.

⭐ ORO Labs share their experience of how they have addressed their biggest challenges through building a resilient orchestration solution via the ORO platform.

⭐ Lukasz Olszewski, Head of Procurement at Keltbray Infrastructure Services, talks change management, decarbonisation, and KISL's future as an independent infrastructure contractor.

And so much more!

🤝Onspring, Exela Technologies, Teleperformance 

👀 𝗜𝗖𝗬𝗠𝗜: 𝗧𝗵𝗲 𝗟𝗮𝘁𝗲𝘀𝘁 𝗧𝗼𝗽 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗳𝗿𝗼𝗺 𝗖𝗣𝗢𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝘆:

Latest Stories from CPOstrategy Issue 55:

ProcureTech100: 2024's Procurement Technology Trends

This year, we have seen a significant evolution of the digital procurement landscape, shaped by emerging technologies, new market demands and reimagined ways of working.

Matching the pace established by 2023’s leaders, 2024’s cohort is introducing valuable advancements, across the full breadth of procurement capabilities.

TransUnion: Procurement as a business enabler

CPOStrategy spoke to Damon Ascolani, SVP, Head of Global Procurement, Facilities, Real Estate, and Travel at the global credit reporting agency TransUnion to see how procurement there is evolving into a trusted business enabler.

“We’ve demonstrated all the way through that we can provide multiples of what we cost the company in value add. You have to be able to tell the business story of why this global approach makes sense.”

Keltbray Infrastructure Services: Strategic sustainable procurement

Lukasz Olszewski, Head of Procurement at Keltbray Infrastructure Services, talks change management, decarbonisation, and KISL’s future as an independent Infrastructure contractor.

"Compared to when I started in procurement, there’s been a massive shift in how the discipline operates. It’s a completely different function and procurement isn’t just the procurement department’s job any more.”

ORO Labs: Solving procurement operation challenges from the ground up

In a recent CPOstrategy Podcast, solution design experts at ORO Labs share their experiences of how they have addressed their biggest challenges through building resilient orchestration solutions via the ORO platform.

"I was able to build processes within weeks at ORO Labs because the system is so user-friendly. Integrations that I once thought would take weeks now only take days. My biggest takeaway is that companies often overcomplicate their technology stack instead of buying off the shelf and putting it in." - Dharani Jeyaprakasam, Solution Design Architect, ORO Labs.

Together for sustainable procurement

Bertrand Conquéret, Co-Founder, Together for Sustainability & Sustainable Procurement Pledge, and Thomas Udesen, Co-Founder, The Sustainable Procurement Pledge, sit down with CPOstrategy to explore the power of collaboration in harnessing sustainability within procurement.

“We collaboratively worked across 20 companies and put our heads together. We co-created the PCF Guideline, the gold standard, for calculating PCF across the chemical industry. In addition, we developed the TfS PCF Exchange together with Siemens. TfS is a vehicle to create something where it does."

What's driving tomorrow's CPO?

CPOstrategy explores the issue’s Big Question and examines what the biggest items on the CPO agenda are moving forward.

“Embracing technologies such as AI, automation and data analytics will be crucial for CPOs to optimise procurement processes, identify cost-saving opportunities, and gain real-time insights into supplier performance.”- Jenny Draper, Managing Director, Barkers Procurement

Thanks for reading CPO Insights #25!

If you have any procurement or supply chain stories you would like us to feature, please contact us at marketing@b2e-media.com.

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