Today we're diving into the transformative world of procurement with Tunji, a procurement executive who has navigated the terrains of traditional and remote workspaces. Tunji brings to the table a wealth of experience as a problem solver and strategic leader, helping us understand how procurement is shifting from a transactional function to one that provides a competitive edge to businesses.
In our conversation, Tunji will shed light on how procurement impacts revenue and profitability through speed, cost savings, and inventory management, and the pivotal role technology plays in revolutionizing these processes. Expect to gain insight into digital tools such as ERPs, artificial intelligence, and blockchain, and how these innovations are redefining sourcing, negotiations, and supply chain transparency.
Tunji is also a firm believer in the power of mentorship and will discuss how coaching has sculpted his approach to the delicate balance of speed, cost, and risk. He'll share his views on the must-have KPIs, the importance of professionalism and communication, and the significance of quick wins in driving change.
Get ready to explore the challenges and opportunities of leading remote procurement teams, the art of cultivating strategic supplier relationships, and the blend of analytical and human-facing skills needed in the modern procurement landscape.
Tunji's professional journey mirrors the transformative tale of procurement itself, from a transactional function to a strategic cornerstone in organizational success. Tunji began his career at a time when the procurement sector was largely underestimated, perceived as a department focused mainly on operational activities without significant influence on the broader business strategy.
As the years advanced, Tunji witnessed and actively participated in this metamorphosis, embracing the increasing importance of procurement as a force for transformation and strategic influence within businesses. He became an advocate for the value procurement could deliver beyond just cost savings—recognizing its potential impact on revenue growth, profitability, and balance sheet strength.
Today, Tunji stands out as a seasoned professional who has not only witnessed but also contributed to the elevation of procurement from a back-office role to a key player in corporate strategy, often acting as a trusted advisor to the core business functions. Through his experience, foresight, and leadership, he has proven that procurement is indeed a critical element in achieving business objectives, driving transformation, and ensuring a company's competitive edge in a rapidly changing world.
00:00 Procurement's strategic role emerged due to COVID-19.
07:31 Organizations transforming procurement with strategic technology adoption.
15:18 Experience consulting prepared me for ambiguous situations.
17:58 Developed supermarket model for critical material replenishment.
25:31 Prioritize basics before adopting technology for efficiency.
27:57 Assessment in KPIs crucial for taking tasks seriously.
34:35 Resistance to relocation, emphasis on performance evaluation.
40:44 Online presence blurs personal and professional boundaries.
45:11 Prokemeneus needs to secure ingredients for production.
55:20 Seek experienced mentors for valuable guidance.
56:39 Coaching helped learn to evaluate quickly.
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