Procurement Reimagined By cover art

Procurement Reimagined

By: Gatekeeper
Listen for free

  • Summary

  • Welcome to Procurement Reimagined, a podcast by Gatekeeper. We believe traditional procurement has had its day - the world is changing and our industry needs to change with it. On the podcast we share the best practices to help you streamline your procurement processes, navigate supplier and vendor onboarding, and ultimately get the most value out of your contracts.
    569563
    Show more Show less
Episodes
  • Everything You Need to Know About DORA

    Everything You Need to Know About DORA
    May 22 2024

    Book a call with a Vendor and Contract Management Expert here - https://www.gatekeeperhq.com/book-gk-demo-step-1

    GATEKEEPER'S GUIDE TO VENDOR LIFECYCLE MANAGEMENT Actionable checklists, tips and best practices. Download the ebook now for FREE: https://www.gatekeeperhq.com/free-vendor-management-ebook

    Contact Liam from Mazars here: https://www.mazars.com/Users/our-team/liam-mckenna

    DORA (Digital Operational Resilience Act) is a new regulation that aims to address the increased digital risk organisations face. It focuses on five key pillars, including ICT risk management, incident management and reporting, digital operation resilience testing, and third-party risk. Non-compliance with DORA can damage an organisation's relationship with regulators and lead to remediation programs and penalties. Organisations need to start preparing for DORA compliance by scoping the project, conducting a gap analysis, developing a roadmap, and implementing mitigation actions. Key challenges include weaknesses in IT risk management, lack of asset management, and the need for standardised contract clauses. Organisations should take DORA seriously and not just treat it as a compliance project. They should invest in ongoing risk assessments, engage with third parties, and commit to implementing robust controls.

    Key Takeaways

    -DORA is a new regulation that addresses the increased digital risk faced by organisations

    -It focuses on five key pillars: ICT risk management, incident management and reporting, digital operation resilience testing, and third-party risk

    -Non-compliance with DORA can damage an organisation's relationship with regulators and lead to penalties.

    -Organisations must start preparing for DORA compliance by scoping the project, conducting a gap analysis, developing a roadmap, and implementing mitigation actions. Challenges include weaknesses in IT risk management, lack of asset management, and the need for standardised contract clauses

    -Organisations should take DORA seriously, invest in ongoing risk assessments, engage with third parties, and commit to implementing robust controls

    Chapters

    00:00 Introduction

    00:55 Overview of DORA

    06:09 Non-Compliance and Penalties

    09:44 Preparing for DORA Compliance

    13:16 Challenges in DORA Compliance

    25:25 Key Considerations and Conclusion
    Show more Show less
    29 mins
  • Creating a Digital Procurement Function For the Future with Reba Cox of MongoDB

    Creating a Digital Procurement Function For the Future with Reba Cox of MongoDB
    Feb 21 2024
    Hello and welcome to another episode of Procurement Reimagined, brought to you by Gatekeeper. Joining us today is Reba Cox, Global Head of Procurement, Travel and Sustainability at MongoDB. Join us as Reba shares her passion for procurement and discusses the importance of adapting to the changing world and industry. Learn how to build positive relationships with stakeholders and the need for continuous improvement. Reba also explains how technology and strong relationships can significantly impact an organization's efficiency and profitability. Reba is the Head of Procurement, Travel, and Sustainability at MongoDB and has ten years of experience growing and scaling procurement organizations. She has led all of the FinOps launches for global internal tools as the company grew to 4,600+ employees. She has a strong passion for mentoring young women and empowering them to speak up and raise their hands. Reba is currently writing a (hopefully) future New York Times Best Seller called "What a Girl Wants, How to be who you are and get what you want". Book a call with a Vendor and Contract Management Expert here - https://www.gatekeeperhq.com/book-gk-demo-step-1 GATEKEEPER'S GUIDE TO VENDOR LIFECYCLE MANAGEMENT Actionable checklists, tips and best practices. Download the ebook now for FREE: https://www.gatekeeperhq.com/free-vendor-management-ebook Key Highlights: To Add - Why Procurement is Awesome (00:39 - 01:30) Reba shares her passion for procurement and mentions that it is the only role in a company that allows you to learn how the company runs. As part of your day-to-day routine, you will get to interact with people from sales, operations, legal and finance teams. This gives you an insight on how they make decisions, the technology they use, and their pain areas. You can then piece this together to get a sense of how the company runs. Only procurement gives you this working knowledge across different business verticals. To Add - Why and How to Build Positive Relationships with Stakeholders (01:54 - 03:21) The typical procurement workflow pivots around chasing multiple stakeholders to remove the workflow blockages. Now, think if the same stakeholders viewed you as an essential part of getting their work done, would there be fewer blockages? The way to cultivate positive relations with your stakeholders is to understand their pain points and current gaps. Next, identify the gaps as system, process, or communication issues and then fill them with efficient processes and automation. Your stakeholders will start viewing you as an asset that provides value. Go out of your way to get the vendor to sign up for a certification that your legal team requires. Provide solutions for sales in your purchase-to-pay cycle and automate routine tasks for the stakeholders. Quotes: “I think one of the coolest things about being in procurement is that we know a little bit about everything that happens at the company”. “Every year, we do a big gap analysis, and we say, what's a systems issue? A process issue or communications issue”. Curated Episode List: If you enjoyed this episode of Procurement Reimagined, here’s a curated list of some recent episodes that you will enjoy: A Pivot to Agile, Collaborative, and Outcome-Focused Procurement with Lauren Tennant, Founder and CEO of Horizon Seven Training [Link]Eight Thought Leaders Share Their Insights on Procurement: A Special Compilation Episode [Link]Navigating the Challenges of Healthcare Procurement: A Conversation with Lennart Eltzholtz, MD of Sana Einkauf & Logistik GmbH [Link]Trusted Partner and Value Creator: Two Sides of the Procurement Coin with Milind Deepak Tailor of Diebold Nixdorf [Link]
    Show more Show less
    22 mins
  • Mastering the Art of Building Relationships in Procurement: Insights from Anna Lakomy, Senior Strategic Buyer EMEA at Siemens

    Mastering the Art of Building Relationships in Procurement: Insights from Anna Lakomy, Senior Strategic Buyer EMEA at Siemens
    Jan 4 2024
    Hello and welcome to another episode of Procurement Reimagined, brought to you by Gatekeeper. Joining us today is Anna Lakomy, Senior Strategic Buyer EMEA at Siemens. Join us as Anna shares her passion for procurement and the importance of building relationships. Anna provides valuable insights on procurement compliance, emphasizing the importance of incentivizing behavior and actively listening to others. Discover practical advice on building relationships, overcoming remote work challenges, and Anna's wish for procurement progress. Anna mentions that procurement runs in her blood, thanks to her father, who is also in procurement. Over her 13-year career in procurement, she has led procurement teams and initiatives at companies like Samsung, PwC, ABB, and Siemens. As the Senior Strategic Buyer EMEA at Siemens, her role includes strategic sourcing & procurement management with a focus on IT & IT software engineering services. She is also responsible for managing global & local projects with consideration for diverse local needs & legal regulations. Episode Resources:
    • Anna Lakomy on LinkedIn
    • Siemens website
    • Daniel Barnes LinkedIn
    • Gatekeeper Website
    Book a call with a Vendor and Contract Management Expert - https://www.gatekeeperhq.com/book-gk-demo-step-1 GATEKEEPER'S GUIDE TO VENDOR LIFECYCLE MANAGEMENT Actionable checklists, tips, and best practices. Download the ebook now for FREE: https://www.gatekeeperhq.com/free-vendor-management-ebook Would you or someone you know be a great fit for the podcast? Please fill out the Procurement Reimagined Guest Questionnaire Procurement Reimagined Podcast is handcrafted by our friends over at fame.so Previous guests include Sarah Kaye of Spin, Hannah MacDonald of Monzo Bank, Dave Jones MCIPS of Procmentum Limited, Andra Fola of Solutionary Minds, Natalia Pilipchak of Mobile Tele Systems, Rees Thomas of Graze, Nadia Stoykov of Tesca Group, Canda Rozier of Collabra Consulting, Elouise Epstein of Kearney, and Matthew Booth of PM Group. Check out our five most downloaded episodes:
    • Reimagining Procurement by Filling Implementation Gaps with Nadia Stoykov, Chief Procurement and Supply Chain Officer at Tesca Group
    • Reimagining Procurement in an Economic Downturn with Andra Fola, Co-Founder of Solutionary Minds
    • Aligning Cost Control and Cost Cutting to Drive Value with Sarah Kaye, Vice President of Procurement at Spin
    • Reimagining Procurement as the Hidden Treasure for Business Growth with Natalia Pilipchak, Transformation and Excellence Director at Mobile Tele Systems
    • A Playbook for Digitalising Procurement with Rees Thomas, Head of Procurement at Graze
    Show more Show less
    27 mins
Management Economics
Show more Show less

What listeners say about Procurement Reimagined

Average customer ratings

Reviews - Please select the tabs below to change the source of reviews.

Audible.com reviews

Amazon reviews
No Reviews are Available