Congratulations, you find yourself in a new role leading a procurement organization. Whether you are a career-long procurement and supply chain professional, or are from finance or a business unit discipline, this can seem like a daunting opportunity and you may be asking yourself, “where do I begin”?
CPO, Karoline Dygas joined Nordstrom in 2019, where, among other things, she supports all of the organization’s indirect spend. At Nordstrom, indirect spend is everything outside of the merchandise sold in the stores. Prior to Nordstrom, Dygas spent five years at Starbucks, where she led the Global Sourcing and Store Development Supply Chain, and before that she was senior director of strategic sourcing at Walgreens.
Procurement transformation and utilization is a significant EBITDA improvement initiative for Private Equity (PE) firms.
Procurement and finance professionals can now mitigate supplier financial risk through a new early warning system that combines Suplari’s AI-based spend insights and collaboration tools with RapidRatings’ Financial Health Ratings
Suplari CEO Nikesh Parekh Discusses why the CPO and procurement function are critical to driving profitability in a post-COVID business environment and builds a case for why CPOs should leverage this opportunity to drive more value and improve their earnings potential.
Profitability is more important than ever — and procurement leaders are more strategic than ever. Procurement is no longer just a cost center, a spender of money made by others in the enterprise. With the right tools and methodology, procurement can maximize every dollar of profit and discover every dollar of cost savings, positioning them to be critical drivers of the bottom line.