Strategic Procurement Conference MENA 2010
A unique strategic level Conference aimed at leveraging the cost reduction initiatives of today's Organizations and delivering sustainable value for customers to excel in a post-crisis world.
Strategic Procurement for Sustainable Cost Reduction and Value Creation
Strategic Procurement delivers the lowest total cost of materials and services, while improving service quality and typically, 1% purchasing cost reduction has the same impact on profit as a 10% increase in turnover. As globalization changes the basis of competition, strategic procurement is moving from the periphery of corporate functions to the core.
The pressure for Middle East organizations to transform from tactical buying to strategic procurement is enormous given the impacts of the economic downturn, but most procurement departments still lack skilled resources, processes and systems needed to cope successfully with this change.
Middle East companies have historically been very focused on the short term, at the moment, strategic procurement is integrated in business processes in fewer than one in four companies.
Pre-Conference Master Class - 31st October 2010
Main Conference - November 01-02, 2010
- Main Conference Agenda - Day One, November 01, 2010
- Main Conference Agenda - Day Two, November 02, 2010
Post-Conference Master Class - 03rd November 2010
Key Topics Covered
Recognition of role of strategic Procurement in an organisation – The biggest contributing factors responsible for an organisation not embracing strategic procurement through corporate and operational objectives remains a general lack of knowledge & awareness of strategic procurement’s role. This has stemmed from the historical ‘low profile’ of the procurement profession and lack of promotion of the tangible benefits associated with the practice. At its worst this has procurement departments being thoroughly undervalued and patronized.
Procurement’s Organizational relationships - Recent research revealed that just 30 per cent of CEOs believed procurement was adequately networked with other departments, while the CPO sat on the board or executive management team in just one in 10 companies.
Developing Procurement strategy to deliver Vision and Objectives - driving a high level procurement strategy in line with the organisations’ overall strategic direction, focusing on structure of the business and implementation of a new procurement model. For example, by working more strategically with Finance, Procurement can make better business decisions that will benefit the organization as a whole.
eSourcing Technology provides procurement optimisation – maximizing value and efficiencies with procurement enabling (spend management) technology to plan, forecast & measure results. Organisations that can achieve visibility, transparency and efficiency throughout the entire procurement cycle through embracing technology will be best equipped to deliver procurement strategies and emerge from the current economic downturn in the best health.
Outsourcing Strategic Procurement - With the increased focus on cost and compliance, the purchasing function needs to be elevated to a strategic component of value creation and a rich source of competitive advantage. To achieve this, instead of creating a strategic procurement capability in-house, many companies have outsourced it.
Corporate Social Responsibility and Socially Responsible Procurement - This is becoming increasingly important for a whole host of reasons, from minimizing HSE risks to effective corporate social-economical governance.
Who Should Attend
- C-Level Executives
- General Managers and Managing Directors
- E-Procurement Service Providers
- Outsourcing Service Providers
- VPs, Directors, Managers and Heads of
- Procurement
- Purchasing
- Contracts
- Logistics
- Supply Chain Management
- Materials Management
- E-Procurement Enablers
- Finance
- Operations
- Vendor Relations
- Legal Services
- Business Process Management
- Corporate Planning
- Support Services
- Strategy
- Quality and Performance Management
- Corporate Affairs
- Corporate Governance
- Stores and Inventory Control