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Welcome to Munich.

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Welcome to the BCG Procurement Roundtable

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version number 13.

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BCG's Procurement Roundtable is the platform

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where we bring procurement executives together

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from across Europe, across industries,

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to discuss priorities for CPOs.

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Here, you have way more opportunities to really discuss

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the issues that you have for your business

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and learn from others.

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Well, what's special about the Procurement Roundtable

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is that you get diversity of thought,

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and that means gender, nationalities, industry experience.

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Diversity of thought is key to innovate.

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I also want you to shift your perspective to understand

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that one new idea, one new approach,

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can have a monumental impact on your company

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and on your personnel and your work staff.

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The first topic on the agenda

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is preparing for a downturn

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and create advantage in adversity.

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Macroeconomic context is just that,

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it's context, it's not destiny.

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With a downturn coming, it's really critical

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for procurement organization to prepare for what's coming,

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and a zero-based budgeting is one methodology,

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which really helps you to access categories

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which you were never able to access before.

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Having pulled all the levers, year over year over year,

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I found it quite inspiring to get some new and fresh sorts.

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The second point on the agenda is sustainability

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and corporate social responsibility.

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Consumers are shifting their demand

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but as we in procurement have to act upon it.

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Sustainability is becoming more important

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because we outsource more and more.

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We need to ensure that, also, our extended value chain

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really is as sustainable as we need to have it.

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We had a lively discussion in the breakout session

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I was participating in,

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and it was, for me, very inspiring

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to see and hear insights of the other colleagues.

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And the third thing on the agenda is digitization.

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Many companies have started,

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it's now about accelerating this path.

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And today, I would like to talk with you about the future.

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On digitization, two streams are important.

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Stream number one, how to free buyers

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from operation and tasks.

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Be it through robotics or, even better,

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through smarter systems.

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Stream number two, how to, then, create higher values

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through the buyers, based on AI.

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The generosity of the people here, they're all CPOs,

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but they're really prepared to sit down and share,

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share their insights, share their experiences,

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not just the good ones, and for me then,

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I come away having learned an immense amount,

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and having gained a fabulous network.

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Thank you very much for being with us.

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I can assure you, there will be a next year's edition

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and we will keep you posted on where and when.

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Thank you very, very much.