The Importance Of PROCUREMENT In MANUFACTURING

Описание к видео The Importance Of PROCUREMENT In MANUFACTURING

Unlock the secrets of strategic procurement with our special guest, Paul Donaghy, Global Category Manager at Ingersoll Rand. Explore Paul's fascinating journey into the world of procurement and his innovative approach to leadership. Get inspired by his insights on building strong supplier relationships and the importance of effective evaluation methods amidst global challenges like Brexit, COVID-19, and geopolitical conflicts.

Discover the hidden complexities of procurement processes beyond just pricing and negotiations. From identifying the perfect supplier to managing risks and ensuring legal protection, Paul's expertise sheds light on crucial aspects that often go unnoticed. Learn about the intricate balance required in transitioning into new procurement roles, identifying gaps, and aligning with business objectives. Gain a deeper understanding of the criteria for selecting good suppliers, focusing on capacity, sustainability, and cross-functional evaluations.

Stay ahead of the curve with our discussion on the future of AI in procurement and the industry's shift towards sustainable practices. Paul shares his thoughts on how AI can revolutionize tasks like data correction and pricing analysis while emphasizing that the human element remains irreplaceable. We also delve into the significant impact of the supply chain on a company's carbon footprint and the necessity of flexible, adaptive procurement strategies. Whether you're a procurement professional or simply curious about the field, this episode is packed with valuable insights and actionable strategies.

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