CPO Focus Summit: Programme

Please click on the time slot to view the detailed itinerary.

08:00 — 08:30 | Registration desk opens & breakfast is served

The Future of Procurement: The AI and Cognitive approach

The world has gone digital. People are more connected, efficient, and productive and are living life faster than ever. But today’s fast-paced world impacts more than just our personal lives. Digitization is presenting new opportunities for businesses to predict and respond more effectively to customer and market demands. From machine learning, artificial intelligence (AI), and the Internet of Things (IoT) to blockchain, cloud, and networks, digital technologies are opening the door to new, more efficient and intelligent ways of operating.

Nowhere is this more evident than in procurement. Unlocking these digital opportunities requires new approaches in how we connect with people and access information that will fundamentally change how buying and selling are done.

  • Machine learning and artificial intelligence have made their way into procurement applications and are fueling smarter, faster decisions. A new breed of cognitive technologies promises to push things even further.
  • Digital technologies drive simplicity and automation that can help procurement create advantage for their organizations today. But the future of procurement is all about intelligence. And cognitive technologies are the key to unlocking its potential.
  • Cognitive technologies present new opportunities to predict and respond more effectively to customer and market demands. They also open new approaches to connecting people and information—all of which will fundamentally change how buying and selling are done.

 

Sourcing using a digital procurement assistant, combined with machine learning, can transform sourcing events by helping with tasks such as defining the correct “request for proposal” type; identifying appropriate suppliers to participate based on commodity category, region, or industry; and delivering intelligence on market signals and pricing pressures to optimize results.

09:15 — 09:45 | Networking Break

Evolution of Procurement and the Human Factor: The Growing Importance of Strategic Negotiations that Leverage Advanced Technology

To improve the effectiveness of your procurement organization beyond 2018, you must balance the value technology provides with the critical negotiation skills that form winning solutions. Forward thinking companies see technology as vital to remaining efficient and innovative, but view negotiation and human interaction as equally important. Learn how you can:

• Leverage your digital strategy to focus on improvements in supply chain partnerships

• Transition your procurement department from a process driven organization to one dedicated to solving business challenges

• Create collaborative teams that deliver better solutions for customers and suppliers

Talent Management & Retention in Procurement

Talent Attraction – The challenges facing Procurement as a function in attracting the best talent when in competition with those functions perceived as being ‘more sexy’. What can we do to ensure that our function is held in high regard and is seen as a vibrant and challenging area to develop one’s career.


Talent Management – Once we have attracted the best talent, how can we demonstrate that we can develop them as individuals and grow them within themselves and the function


Talent Retention – Having attracted and developed talent how can we reward that development with career growth opportunities to ensure we retain talent and get value from our ‘investment’

10:15 — 10:45 | Networking Break

AGILE PROCUREMENT: WHAT IS IT AND HOW TO ACHIEVE IT

 In this changing world, companies need to be able to adapt to changes to reduce risk and take advantage of opportunities. The engine that drives that adaptability is agile procurement. What agile procurement is, and how to achieve it?.

Gaining a Competitive Advantage

To be agile means to be able to think, understand, and move quickly and easily. To be agile, procurement organizations need to have the knowledge and ability to move quickly.

Being agile means more than understanding the market,

“Are you making decisions (based on the information)?
Are you collaborating?
Are you capitalizing to gain a competitive advantage?”
By taking this approach, procurement organizations can set themselves apart and gain the trust of leadership.

11:15 — 11:45 | Networking Break

Collaborative Supplier Innovation

Working with your suppliers to generate profitable, value-building growth

Innovation is key to building future success. But development costs can quickly eat up the benefits of growth in sales and profits generated. This is one reason why more companies are reshuffling their internal capabilities to rely on a cadre of well chosen partners, especially suppliers to pursue profitable, value building growth.

If managed successfully, collaborative supplier innovation can produce profitable growth via improved differentiation and speed and lower costs. Suppliers provide ideas, reduced development costs and time, reduce COGS, and pave the way to a price premium.

This workshop will discuss:

The value of supplier collaboration
Determine supplier roles in your core and non core capabilities
Is Supplier collaboration addressed in your innovation strategy

How blockchain technology will increase secure transactions while lowering procurement risk

Blockchain is different from other technologies in that it is a transactional platform. It connects various parties without the need for third party interaction. This will lead to more secure contracts, increased transparency, and lower fraud and insurance claims. Take a deeper dive into how blockchain technology can be used to: • Set up pay systems that increase security and binding contracts to lower transaction fees and processing times, and strengthen supplier relationships • Reduce risk and fraud, and decrease insurance claims

12:15 — 13:00 | Lunch

How to build better UX into your procurement practices

As organizations build more technology into their procurement departments, UX becomes more important. They must be functional, intuitive, and adaptable. Hear how your organization can build a UX model that works for your suppliers, employees, and customers. Take back strategies to: • Learn how progressive organizations effectively manage UX • Hear emerging solutions to building platforms that integrate contracts, source-to-pay, and others key features

Procurement 2018 and Beyond: RPA (Robotic Process Automation), Cognitive Applications and Blockchain

Organizations that adopt automated procurement processes are seeing big gains in efficiencies and cost savings. With automation, repetitive processes can be managed through machine learning, improving efficiencies and freeing up procurement staff to focus on more strategic operations.

13:30 — 14:00 | Networking Break

How IOT will redefine Procurement and Supply Chain

The massive technological advance known as the Internet of Things (IoT) is permanently changing the relationship between people and machines and creating new opportunities for businesses. Through smart devices, inanimate objects are making split-second decisions, eliciting quick responses, and driving automated solutions in an increasingly complex network.

But what exactly is IoT? How does it work? How is it going to impact various industry sectors? And what are the anticipated benefits for procurement and supply chain?

14:30 — 15:00 | Networking Break

How blockchain technology will increase secure transactions while lowering procurement risk


Blockchain is different from other technologies in that it is a transactional platform. It connects various parties without the need for third party interaction. This will lead to more secure contracts, increased transparency, and lower fraud and insurance claims. Take a deeper dive into how blockchain technology can be used to:

• Set up pay systems that increase security and binding contracts to lower transaction fees and processing times, and strengthen supplier relationships

• Reduce risk and fraud, and decrease insurance claims

16:15 — 17:00 | Complimentary Drinks Reception