S01E05 - Profit - Procurement on steroids or: improving margins for real

Remember when strategic sourcing was just about squeezing costs and managing suppliers? Those days feel like ancient history, don't they? Welcome to an era where your supply chain is more likely to be disrupted by a pandemic, a natural disaster, or a blocked canal than a price negotiation gone wrong.

The world has transformed into a complex web of interconnected risks, where a single event can send ripples through global supply chains in minutes. Yet here's the puzzling part: while the challenges have evolved at lightning speed, many companies are still trying to navigate this new reality with tools and thinking from the pre-digital age.

It's like bringing a calculator to a quantum computing competition. Our corporate responses to modern supply chain challenges often look suspiciously similar to what we were doing back when Friends was still airing new episodes.

In today's episode, we're tackling the elephant in the boardroom: the growing gap between today's supply chain complexity and our outdated ways of managing it. We're diving deep into what needs to fundamentally change in how we approach strategic sourcing in a world where "business as usual" is anything but usual.

Join us as we explore how to build resilience without sacrificing efficiency, and why the future of strategic sourcing requires a complete paradigm shift.