This article is something very unique, and interesting! There have been numerous business models, strategies, ideologies, and ethics that people take seriously to scale their business to greater heights. In the process, they often overlook some simple yet crucial aspects that can help make their journey a lot easier.
Two of the most talked about and overlooked aspects in this scenario are “Procurement” and “Social Listening”. These have suddenly seen a surge in importance as valuable ingredients in enhancing business ethics. Today I’m going to talk about “Procurement” and how it is important and can make your business more successful.
What is Procurement?
Procurement first and foremost, is nothing technical. It is not an app, service, software or tool. It is simply the act of obtaining or procuring something. In business terms, procurement is the process of finding, agreeing to terms and acquiring goods, services or works from an external source, often via a tendering or competitive bidding process.
MAKE PROCUREMENT AWESOME (SAP Ariba)
“Make Procurement Awesome” is a chain of live International conferences that focus on discussing various strategies and ideologies in the field of Procurement. It is one of the only few major events in the world that is about pushing development forward and ultimately help drive modern-day innovation in the field of procurement.
The conference gives you a chance to tell your story and let the world know how you are contributing to making procurement awesome. The objective is to give praise and attention to the talented individuals working in procurement. By submitting a video or writing your story on their website, you and your colleagues can take part in the movement to #MakeProcurementAwesome
How is Procurement important?
To be very honest, Procurement doesn't really have the most innovative reputation and is commonly misunderstood, unknown. Some would argue procurement is holding companies back to accomplish their business objectives.
This is why SAP Ariba have organized this amazing event to bring Procurement into the limelight and spread the awareness to create transparency, give praise and attention to the hard-working individuals in procurement.
Events & Agendas
The 2018 edition of this event was brought to you by SAP Ariba, organized on 20th February, 2018 in Mumbai, India. The venue for this grand event was, ITC Maratha, Mumbai
The title sponsors for this event were IBM, who just celebrated their 25 years of business in India a few days back with a huge event called “IBM India 25”. The title partners for the event were the Indian Institute of Materials Management (IIMM) & ETCFO, joining hands to execute this unique event which combines the various perspectives of COOs, CFOs and CDOs.
Here is a quick list of the various sub-events and their agendas for the morning forum.
|9:00 AM-9:30 AM||Registrations|
|9:30 AM-9:45 AM||Welcome note by IIMM|
|9:45 AM-10:15 AM||Procurement and supply chain 2025: Driving Supply Chain Excellence & Intelligence through Digital Innovation|
|10:15 AM-10:45 AM||IBM Cognitive: Era of intelligent procurement|
|10:45 AM-11:00 AM||Tea/Coffee break|
|11:00 AM-11:45 AM||Panel discussions|
|11:45 AM-12:15 PM||Fireside chats|
|12:15 PM-12:45 PM||Q & A sessions|
|12:45 PM onwards||Networking lunch|
Here is a quick list of the various sub-events and their agendas for the evening Digital Transformation Summit.
|6:00 PM-7:00 PM||Registration|
|7:00 PM-7:05 PM||Introduction by ETCFO|
|7:05 PM-7:40 PM||Reading the Indian Economy with Mr. Abheek Barua|
|7:40 PM-8:00 PM||Digital trends: Unlocking Business Values with Dr. Marcell Vollmer|
|8:00 PM-8:30 PM||Open house with Q&A|
|8:30 PM onwards||Closing remarks followed by dinner & drinks|
International speakers & discussions
Various industry experts from different business domain were part of the event. Which includes speakers and attendees. It was not only offline but also online interactive event regarding Procurement.
Renowned COOs, CDOs and CFOs from around the world have come forward with their unique solutions and strategies on a stage to promote common and share learning!
The prime objective of the 2018 #MakeProcurementAwesome forum was on how to make the supplier and vendor collaboration experience better, which many speakers touched upon. An onstage presentation on “Digital trends: Unlocking Business Values” by the Chief Digital Officer & SVP of SAP Ariba, Dr. Marcell Vollmer was the biggest highlight of the event.
“Reading the Indian Economy" session was conducted by Mr. Abheek Barua who is Chief Economist of HDFC Bank
Other special screenings included
- Procurement and supply chain 2025: Driving Supply Chain Excellence & Intelligence through Digital Innovation
- IBM Cognitive: Era of intelligent procurement
Panel discussions & more
Digital Supply Chain was the main agenda in panel discussion. Other important presentations included a Q&A session involving industry experts and a Fireside chat about “Leading from the front: Redesigning the organization for the Digital Age”.
Images & Gallery
Here are some informative captures from the event.
Chief Digital Officer & SVP of SAP Ariba, Dr. Marcell Vollmer
Event hall at ITC Maratha, Mumbai
Krishnan Chatterjee, Head of marketing, SAP Indian Subcontinent
There was an exclusive Twitter chat for all online users. Which includes Dr. Marcell Vollmer and Mr. Krishnan Chatterjee, Head of marketing, SAP Indian Subcontinent. It was live on 14th February, 2018 from 3:00 PM-4:00 PM to discuss “Driving Business Value through Digital Procurement”.
Follow the trend
Explore the recent moments and posts shared by the people who attended the event and see what they learned and what you can expect from the future events by following #MakeProcurementAwesome on Twitter, Instagram and YouTube.