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The Art and Science of Sourcing and Procurement in 2022 with David Pennino

The Art and Science of Sourcing and Procurement in 2022 with David Pennino

FromCFO Weekly


The Art and Science of Sourcing and Procurement in 2022 with David Pennino

FromCFO Weekly

ratings:
Length:
33 minutes
Released:
Nov 8, 2022
Format:
Podcast episode

Description

How much do you spend on marketing, IT, distribution, logistics, and corporate services? If you're a consumer packaged goods company, a retailer, or an e-tailer, it's probably about twenty percent of revenue. For a one-billion-dollar business, that means 200 million dollars, which is a lot. But David Pennino states that you should be able to save between five and fourteen percent on that by doing sourcing and procurement efficiently.
David is the Founder, CEO, and Director of LogicSource, a business consulting and services company that focuses exclusively on the sourcing and procurement of indirect expenditures. He has spent the last twenty years advising and helping companies buy better. David’s experience includes a mix of early-stage and established businesses. Before LogicSource, he held senior and executive leadership roles at Williams Lea, Gartner, and Scient.

In this episode, we discuss:

-What is LogicSource
-How organizations can buy better
-Reinventing sourcing and procurement
-The advantage of doing sourcing and procurement well
-How companies can buy better in 2022
-The value of indirect procurement to a CEO and CFO
-Misconceptions about procurement

Presented by Personiv

https://insights.personiv.com/cfo-weekly
Released:
Nov 8, 2022
Format:
Podcast episode

Titles in the series (100)

Looking to build an efficient accounting team so you can focus on strategy and business growth? As the role of the CFO changes to include long-term performance-driver, all-knowing technology expert and full-company strategic guide, more and more accounting leaders are left overwhelmed. Join us as we talk to CFOs, Controllers and other industry veterans who share their expertise on how to streamline accounting processes, create established efficiency and move to a data-driven model, allowing you to tackle what matters. CFO Weekly is brought to you by Personiv, a high-quality, people-powered solution to all of your accounting needs. From procure-to-pay and order-to-cash to record-to-report, and from transactional to Controller-level support and more. Personiv goes above and beyond to get results with a team as small as one in our offshore, cost-saving model.