Organizational design, effective processes and performance management tools can transform the procurement function from transactional to strategic organization. In this presentation, we will analyze several best-in-class procurement organizational structures. We will explore how to design and implement the most effective structure, create and upgrade processes and performance management tools that complement and enhance the structure in order to build a capable and world class procurement organization.

Present Procurement's Digital Journey 1. Established a Digital Lab to lead the journey: 2. Demo a Digital Assistant (named "Bailey") that is in development stage. Bailey is similar to an Alexa/Siri where a person can chat and ask Bailey to go and "fetch" data like spend data. 3. Design Thinking is the creative problem-solving approach that helps you uncover needs, generate ideas and innovate.

Artificial Intelligence will revolutionize the technology world we live today personally and professionally. AI technology will reboot procurement to the next level where world-class procurement is expected and ubiquitous. Mike Shin Global VP of Procurement for FLIR Systems will address the next practical step in making the "CPO Digital Cockpit" a reality by 2022.

Artificial Intelligence will revolutionize the technology world we live today personally and professionally. AI technology will reboot procurement to the next level where world-class procurement is expected and ubiquitous. Mike Shin Global VP of Procurement for FLIR Systems will address the next practical step in making the "CPO Digital Cockpit" a reality by 2022.

Tradition Procurement organizations have become very good at delivering cost reductions. Data Analytics, Automation and Cognitive sourcing have allowed us to continue delivering on that expectation year after year. However, by focusing only on cost reductions we are missing the most significant opportunities to improve our organizations bottom line and to enable growth! Majority of the life-time costs of a Product is determined during design but traditionally, Procurement has spent little time in that phase. Standardization, feature set analysis, co-designs, market feedback are just a few opportunities that can improve not only the bottom line but also the total solution Value. We cannot cost reduce ourselves into growth. Modern organizations are focusing on Design for Value!

This webinar touches on some of the theory required to use systems thinking in supply chain design, and then elaborates on practical ideas that can be adopted to improve the ability for a business to respond, and even thrive, in times of crisis.

It's OK is if your Supply Chain broke because of COVID-19. But it's not OK if you were surprised. Even with vast amounts of resources there is no way to completely safe guard against supply chain interruptions. It is going to take strategy, collaboration, and likely investment to create a resilient supply chain. It takes active management to identify and weight the risks.

When crises occur, a company’s ability to weather the storm usually is determined by several factors, but at least for product based companies, none is more important than the resilience of the supply chain. Depending on the type and scale of the crisis, in some cases the survival of the company itself may hang in the balance. During these times, operation excellence, that is, the ability of the organization to execute, is important, but it usually won’t be enough to avoid disaster. True resiliency comes from careful prior planning, a deliberate effort to build flexibility into all of the major factors of the supply chain. Because the interactions between the various parts of the chain can change dramatically when crisis hits, it’s imperative that the supply chain is evaluated as an end to end system, not as individual components, using what’s sometimes known as system thinking. In many cases, it’s important to evaluate how the supply chain interacts with other parts of the business, as well as outside socioeconomic and political systems.