Strategy& Strategic Sourcing Executive Forum Highlights

What does it take to elevate your sourcing organization’s performance to effectively compete and capture advantage in today’s challenging environment? The focus of the 2011 Strategic Sourcing Executive Forum (SSEF) sought to foster discussions between executives to answer that question.

The theme for the event, The Advantaged Sourcing Organization, proved especially relevant in the wake of volatile market conditions and continued cost pressures that persistently ail sourcing and supply management executives around the globe. Throughout the day, executives discussed how to enable next-level impact by aligning capabilities and operating models to deliver incremental economic value to the business while managing increased risk and complexity throughout the supply chain.

In the end, several key takeaways emerged from the conversations

  • The new CPO model begins with transformational leadership
  • Organization capabilities and supply strategies should be aligned with your company’s “way to play”
  • Talent is key – balancing functional vs. commercial skills and creating an environment that fosters personal as well as organizational growth are critical for success
  • Category management – upstream demand management and requirements definition and downstream supplier engagement – enables double the impact of the traditional strategy sourcing role
  • Uncertainty and volatility are the new norm – sourcing/supply management needs to be at the heart of this CEO agenda

2011 SSEF company participants

  • American Greetings
  • Applied Materials
  • Bob Evans
  • Bunge
  • Caesars Entertainment
  • Delphi
  • Diageo
  • Dover
  • Electric
  • DTE Energy
  • Encana Natural Gas
  • General Electric
  • KeyBank
  • Kimberly-Clark
  • Las Vegas Sands Corporation
  • Modine
  • Newell Rubbermaid
  • Reed Elsevier
  • Scotts Miracle-Gro
  • Simmons
  • J.M. Smucker
  • UBS
  • Wolters Kluwer