43 min listen
615: Strengthening Your Corporate Culture to Survive Challenging Economic Times w/ Mu Wagh and Matt Reddington
615: Strengthening Your Corporate Culture to Survive Challenging Economic Times w/ Mu Wagh and Matt Reddington
ratings:
Length:
59 minutes
Released:
Aug 7, 2023
Format:
Podcast episode
Description
As companies face the weight of inflation and the potential for recession, executives are reevaluating their decentralized approaches to procurement management and decision making. Instead, many organizations are making the move back toward centralized procurement models to keep a sharp eye on the bottom line. The focus has shifted from viewing cost savings as a 'nice-to-have' to a necessity for operational continuity. In this episode, based on a recent AOP Live session, Mu Wagh, Chief Operating Officer at Procure Analytics, and Matt Reddington, their Vice President of Operations, discuss how a strong corporate culture can help companies navigate challenging economic times as they transition to centralized control in procurement. Mu and Matt provide valuable advice on how to strike a balance in the transition to centralized control without adding friction into the procurement process or doing harm to the organizational culture. Strategies to increase compliance without disrupting procurement teams Tracking savings and spend analysis as a measure of purchasing efficiency and procurement success Establishing feedback mechanisms from different user groups to ensure procurement delivers what they need Links: Mu Wagh on LinkedIn Matt Reddington on LinkedIn Watch the Webinar on Demand
Released:
Aug 7, 2023
Format:
Podcast episode
Titles in the series (100)
007 - Is Any Job Safe from the Transformative Power of Work Intermediation Platforms, with Andrew Karpie: Andrew Karpie, the preeminent analyst covering the future of work for procurement industry blog Spend Matters, explains the transformative power of worker intermediation platforms and how labor in the future will be accessed on a activity basis rather tha by Art of Procurement