Procurement Executive Round Table (PERT) SYMPOSIUM

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The Procurement Executive Round Table (PERT) met for its 4th meeting on Tuesday 5/9/17 for a day long workshop on “Black Swan Risk Management: Mitigating sudden changes in Trade, Immigration & Foreign Policy” and based on the energy and level of discussion, it was clearly a “hot” topic.

The Procurement Executive Round Table (PERT) met for its     4th meeting on Tuesday 5/9/17 for a day long workshop on “Black Swan Risk Management: Mitigating sudden changes in Trade, Immigration & Foreign Policy” and based on the energy and level of discussion, it was clearly a “HOT” topic. PERT is a relaunch of the highly successful Next Practices Xchange – “NPX”. The session was keynoted by Lawrence Friedman a Partner with Barnes, Richardson & Colburn and President of the Customs Bar Association and he “hit a home run”. When was the last time (after a full day) you heard an executive say “we need to add more time to the agenda next time”? Results of the Next Practices benchmarking survey prior to the meeting helped set the stage for the discussion. Dalip Raheja, President and CEO and Anne Kohler, EVP and COO of The Mpower Group facilitated the session leading to the following conclusions:

  • Procurement and Supply Chain have not been able to focus a lot of attention to geo-political risks
  • The current changes in the geo-political landscape make it a necessity to change that dramatically
  • Our stakeholders are in tremendous need for someone to pay attention to these risks
  • This presents a unique opportunity for our profession to fill the vacuum in our corporations
  • We need to develop a different set of competencies(Strategic) in addition to tactical process competencies
  • This applies to those of us involved in procuring hard goods or services as both supply chains are being impacted significantly
  • Offshoring decisions of the past need to be re-examined and different decision models must be developed
  • Strategic Workforce Planning is a must to ensure availability of critical talent – whether it’s being hired or being outsourced
  • Contracting processes need to dramatically change

The benchmarking survey revealed a large gap between where most organizations are and where they need to be and the break out groups had a very lively exchange of ideas and practices that were shared amongst the participants. In addition to the ample networking opportunities including a mini-tour and the happy hour, every single participant was highly appreciative of the value they received – a very hard objective to achieve for any event like this.

About PERT
Procurement/Supply Executive Round Table (PERT), is a collaboration between The Mpower Group, Corporate United and ISM-Chicago. PERT is a “members-only” peer -to-peer organization comprised of senior executives from Fortune 1,000 organizations. The group meets quarterly to share ideas in a forum setting, provide advanced solutions and network. Each member brings expertise and varied talents to the group which allows all members to benefit from participation. PERT addresses major Global Sourcing and Supply Chain challenges such as:

  • Building World-Class Sourcing and Supply Chain Organizations
  • Relationship Management and Governance
  • The Difference between Strategic Sourcing and Category Management
  • Integration of Technology into Supply Chain
  • Competency Based Talent Management
  • Managing Outsourcing Arrangements
  • Emerging of the Chief Procurement / Supply Chain Officer

About The Mpower Group

The Mpower Group (TMG) is a global management consulting firm. We work with Fortune 500 companies to unleash the potential in their Strategic Sourcing, Procurement and Supply Chain organizations through Strategic Talent Management, Accelerating Transformations, and Maximizing Value from large or complex transactions. TMG is in the business of Mpowering our clients to accelerate exceptional business results by unleashing the full potential of their organizations. Our expertise ranges from developing strategies and executing large, global business transformations across entire organizations to assistance with specific projects or individual transactions.

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Rick Sandoval
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