“When you have the ability to connect data and collaborate with teams, that collective intelligence you’re able to surface at different places is what causes generational change.” - Shachi Rai Gupta, Vice President of Strategy at ORO Labs

Procurement is in the midst of a transformational shift when it comes to technology and data, and many teams are now looking to procurement orchestration to unify their processes, improve spend and risk management, and position themselves as innovative and strategic leaders in the business.

In early 2024, Art of Procurement and ORO Labs partnered to conduct a study into the factors that are making procurement orchestration a top area of focus. The study also made it possible to gain a better understanding of how teams can use strategic orchestration to increase their visibility, effectiveness, and influence.

In this episode, Shachi Rai Gupta, Vice President of Strategy at ORO Labs, and Martin Ward, Digital Procurement Transformation at Roche, discuss the results of the survey and key insights learned about procurement orchestration, including:

• The observations we can make about procurement organizations that consider strategic orchestration a top priority
• Why nearly half of procurement teams have low or very low real-time visibility into ongoing activities, and how that limits their impact
• The correlation between increased automation and how easy the rest of the business feels it is to work with procurement
  

Links:

• Martin Ward on LinkedIn
• Shachi Rai Gupta on LinkedIn
• Watch Again: Seismic Shifts: Harnessing the Power of Procurement Orchestration
• Download the Research Report: Procurement’s Orchestration Readiness
• Subscribe to This Week in Procurement
• Subscribe to AOP on YouTube

Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday morning at 6am US Eastern Time.

Presented by a member of the Art of Procurement team, each episode has 6 short segments that summarize the week in procurement.

Segments range from procurement tips to podcast summaries, from details of events to news or overviews of blog posts that capture our attention.

“I’m madly passionate about procurement because I think it’s a hidden gem of the corporate world, and it’s a magical field for problem solvers.” - Natasha Gurevich, Founder and CEO of Candor Procurement

Natasha Gurevich, Founder and CEO of Candor Procurement, has a long track record of procurement leadership under her belt. Most recently, she was the first Chief Procurement Officer at Nike, and, before that, VP of Global Procurement at Salesforce. She has also enjoyed procurement leadership roles at McKesson, Paypal, Gap, and Visa.

In this episode, Philip Ideson talks with Natasha about her journey to becoming one of procurement’s most well-known change agents and how her decades of experience in leadership roles have shaped her approach to driving change at scale.

Natasha shares her perspectives on:

• How to create change without causing too much disruption, fear, or resistance
• Adopting a specific, repeatable methodology to change in order to balance wider business goals with individual needs and concerns
• The ways procurement needs to evolve and improve, starting with a recognition that category management will be the #1 driving factor for success in the future

Links:

• Natasha Gurevich on LinkedIn
• Subscribe to This Week in Procurement
• Subscribe to the AOP YouTube channel