Procurement Leaders Boston Forum is underway and PepsiCo’s CPO Grace Puma described how the focus of her procurement team has changed to a global view.
“The soft measure of your success is whether you’re invited to sit at the table with those business leaders you serve.”
With that message, Todd Podell, SVP and CPO of corrugated and consumer packaging firm Rock-Tenn, opened Procurement LeadersBoston Forum 23 September.
Chairman of the event, Podell said that procurement is perfectly positioned to be a strategic partner but, referring to a recent report from Deloitte, he added that the function needs a more holistic view of the business.
And the first keynote of the forum, entitled Driving Remarkable Enterprise Value Through Sustained Procurement Capability and Talent Management, zeroed in on how to gain that view.
Grace Puma, SVP and CPO, and Miriam Ort, senior director of global human resources, both of PepsiCo, said that focusing through a business lens has proven to be the key to influence and a seat at the table at their company.
To ensure that the team looked through that lens, Puma said that as procurement at the company moved from a decentralized model to a global model they realized that they need a staff with new skills.
“We needed a global mindset, an ability to master a matrix organization, and the ability for transformational leadership,” said Puma. “The macro-environment is complex, and the team must have the right intellect.”
Puma emphasized that no model is right for everyone. “What’s important is the thought process that goes into developing the model,” she said.
PepsiCo’s model involved putting the procurement leaders into the various businesses. “Category expertise is important,” said Ort, “but it must be tied to the business.”
To develop the right talent for its transformation, PepsiCo developed a global procurement university. It consists of a tailored curriculum and procurement professionals take courses tailored to their experience. Among the skills the courses help develop are functional excellence, leadership, effective business interfacing, and supply chain operational functions.
The company also spends a great deal of time on leadership coaching. “Everyone helps grow the talent,” Puma said. And, added Ort, when your leaders coach, that activity trickles down.
from Procurement Leaders Blog http://ift.tt/1spHmT9
This content was assembled for you by the YQ Matrix platform
The views expressed in this post and throughout the series are the autor's own and not intended to reflect the views the YQ Matrix platform, its users or any associated organisations.
For the procurement people among you, have a look at the latest YQ Matrix raw material and semi-finished prices. For: Prices on other websites.
No comments:
Post a Comment