WEBVTT 1 00:00:03.150 --> 00:00:04.730 Welcome to Munich. 2 00:00:04.730 --> 00:00:07.350 Welcome to the BCG Procurement Roundtable 3 00:00:07.350 --> 00:00:09.343 line:15% version number 13. 4 00:00:10.640 --> 00:00:13.730 BCG's Procurement Roundtable is the platform 5 00:00:13.730 --> 00:00:16.630 where we bring procurement executives together 6 00:00:16.630 --> 00:00:20.190 from across Europe, across industries, 7 00:00:20.190 --> 00:00:23.750 to discuss priorities for CPOs. 8 00:00:23.750 --> 00:00:28.260 line:15% Here, you have way more opportunities to really discuss 9 00:00:28.260 --> 00:00:31.710 the issues that you have for your business 10 00:00:31.710 --> 00:00:34.240 and learn from others. 11 00:00:34.240 --> 00:00:35.793 line:15% Well, what's special about the Procurement Roundtable 12 00:00:35.793 --> 00:00:38.420 line:15% is that you get diversity of thought, 13 00:00:38.420 --> 00:00:43.000 and that means gender, nationalities, industry experience. 14 00:00:43.000 --> 00:00:46.133 Diversity of thought is key to innovate. 15 00:00:48.380 --> 00:00:50.810 line:15% I also want you to shift your perspective to understand 16 00:00:50.810 --> 00:00:54.400 line:15% that one new idea, one new approach, 17 00:00:54.400 --> 00:00:57.360 can have a monumental impact on your company 18 00:00:57.360 --> 00:01:00.100 and on your personnel and your work staff. 19 00:01:00.100 --> 00:01:01.730 The first topic on the agenda 20 00:01:01.730 --> 00:01:03.700 is preparing for a downturn 21 00:01:03.700 --> 00:01:05.630 and create advantage in adversity. 22 00:01:05.630 --> 00:01:08.520 line:15% Macroeconomic context is just that, 23 00:01:08.520 --> 00:01:11.240 line:15% it's context, it's not destiny. 24 00:01:11.240 --> 00:01:13.330 line:15% With a downturn coming, it's really critical 25 00:01:13.330 --> 00:01:16.600 line:15% for procurement organization to prepare for what's coming, 26 00:01:16.600 --> 00:01:19.160 and a zero-based budgeting is one methodology, 27 00:01:19.160 --> 00:01:21.550 which really helps you to access categories 28 00:01:21.550 --> 00:01:23.700 which you were never able to access before. 29 00:01:24.680 --> 00:01:28.560 line:15% Having pulled all the levers, year over year over year, 30 00:01:28.560 --> 00:01:33.070 line:15% I found it quite inspiring to get some new and fresh sorts. 31 00:01:33.070 --> 00:01:35.950 The second point on the agenda is sustainability 32 00:01:35.950 --> 00:01:37.980 and corporate social responsibility. 33 00:01:37.980 --> 00:01:40.030 Consumers are shifting their demand 34 00:01:40.030 --> 00:01:42.663 but as we in procurement have to act upon it. 35 00:01:43.610 --> 00:01:46.190 line:15% Sustainability is becoming more important 36 00:01:46.190 --> 00:01:48.380 line:15% because we outsource more and more. 37 00:01:48.380 --> 00:01:51.130 line:15% We need to ensure that, also, our extended value chain 38 00:01:51.130 --> 00:01:54.040 really is as sustainable as we need to have it. 39 00:01:54.040 --> 00:01:56.550 line:15% We had a lively discussion in the breakout session 40 00:01:56.550 --> 00:01:58.110 line:15% I was participating in, 41 00:01:58.110 --> 00:02:00.240 line:15% and it was, for me, very inspiring 42 00:02:00.240 --> 00:02:03.120 to see and hear insights of the other colleagues. 43 00:02:03.120 --> 00:02:05.690 And the third thing on the agenda is digitization. 44 00:02:05.690 --> 00:02:07.570 Many companies have started, 45 00:02:07.570 --> 00:02:10.290 it's now about accelerating this path. 46 00:02:10.290 --> 00:02:15.110 line:15% And today, I would like to talk with you about the future. 47 00:02:15.110 --> 00:02:17.510 On digitization, two streams are important. 48 00:02:17.510 --> 00:02:19.430 Stream number one, how to free buyers 49 00:02:19.430 --> 00:02:20.940 from operation and tasks. 50 00:02:20.940 --> 00:02:23.410 Be it through robotics or, even better, 51 00:02:23.410 --> 00:02:24.890 through smarter systems. 52 00:02:24.890 --> 00:02:27.770 Stream number two, how to, then, create higher values 53 00:02:27.770 --> 00:02:30.390 through the buyers, based on AI. 54 00:02:30.390 --> 00:02:33.830 line:15% The generosity of the people here, they're all CPOs, 55 00:02:33.830 --> 00:02:36.160 line:15% but they're really prepared to sit down and share, 56 00:02:36.160 --> 00:02:38.200 share their insights, share their experiences, 57 00:02:38.200 --> 00:02:40.390 not just the good ones, and for me then, 58 00:02:40.390 --> 00:02:42.600 I come away having learned an immense amount, 59 00:02:42.600 --> 00:02:44.210 and having gained a fabulous network. 60 00:02:44.210 --> 00:02:46.170 Thank you very much for being with us. 61 00:02:46.170 --> 00:02:48.840 I can assure you, there will be a next year's edition 62 00:02:48.840 --> 00:02:51.420 and we will keep you posted on where and when. 63 00:02:51.420 --> 00:02:53.587 Thank you very, very much.