Procurement Reimagined – Details, episodes & analysis

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Procurement Reimagined

Procurement Reimagined

Gatekeeper

Business

Frequency: 1 episode/26d. Total Eps: 35

Podbean
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.
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Everything You Need to Know About DORA

Season 2 · Episode 1

mercredi 22 mai 2024Duration 29:27

We dive deep into the Digital Operational Resilience Act with Liam Mckenna, Partner at Mazars and Austin Kelly from Mazars. If you would like to work with Liam and Austin, please contact them here.

 

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

 

We dive deep into the Digital Operational Resilience Act with Liam Mckenna and Austin Kelly from Mazars. If you would like to work with Liam and Austin, please reach out to them here.

 

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

Creating a Digital Procurement Function For the Future with Reba Cox of MongoDB

Episode 27

mercredi 21 février 2024Duration 22:27

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:

  • 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. 

  • 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]

Trusted Partner and Value Creator: Two Sides of the Procurement Coin with Milind Deepak Tailor of Diebold Nixdorf

Episode 18

mercredi 13 septembre 2023Duration 32:02

In this episode of Procurement Reimagined, brought to you by Gatekeeper, your host, Daniel Barnes, is joined by Milind Deepak Tailor, Global Head, Services Procurement & Vendor Management at Diebold Nixdorf. Join Daniel and Milind as they discuss what it means to be a trusted partner and value creator, the key characteristics of a trusted partner, as well as why value cannot be considered in isolation. Milind Deepak Tailor is a Global Supply Chain, Procurement, and Operations Leader with a proven track record in program management, optimising supply chains, and delivering significant cost savings. He is the current Global Head of Services Procurement and Vendor Management at Diebold Nixdorf, a world leader in connected commerce producers of cutting-edge product technology, multi-vendor software, and service for financial and retail customers. There, he is responsible for providing influence and guidance to ensure best-in-class procurement across the global organisation. Episode Resources: If you enjoyed this episode, then please either: 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:

Using AI to Streamline Procurement and Legal Processes with David Tollen, Founder at Tech Contracts Academy™ and Sycamore Legal™

Episode 17

mercredi 30 août 2023Duration 31:30

In this episode of Procurement Reimagined, brought to you by Gatekeeper, your host, Daniel Barnes, is joined by David Tollen, Author and Founder at Tech Contracts Academy™ and Sycamore Legal™. Join Daniel and David in this engaging podcast episode as they discuss the impact of AI on procurement and legal professions. Discover how AI can streamline procurement processes, navigate vendor onboarding, and maximize the value of vendor contracts. David Tollen is the author of the American Bar Association's manual on IT contracts, The Tech Contracts Handbook: the number-1 bestseller from the ABA's IP Section. He's the founder of Sycamore Legal in San Francisco, where he and his staff draft and negotiate information technology and intellectual property agreements. Finally, David trains lawyers and non-lawyers on drafting and negotiating tech contracts, particularly cloud computing agreements and software licenses, through Tech Contracts Academy. Episode Resources: If you enjoyed this episode, then please either: 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:

Moving Beyond Cut and Paste: The Criticality of Contract Language with Ken Adams, Chief Content Officer at LegalSifter

Episode 16

mercredi 16 août 2023Duration 23:50

In this episode of Procurement Reimagined, brought to you by Gatekeeper, host Daniel is joined by Ken Adams, Chief Content Officer at LegalSifter, an AI-driven contract management service. Ken is a recognised authority on contract language and drafting legal/compliance contracts and the author of A Manual of Style for Contract Drafting. He shares his insights on the challenges of using traditional procurement contract language and how creating guidelines and templates can help drive compliance. Ken is a specialist in contract language and automation. He has spent 34 years across legal and contractual concerns and has also lectured at the University of Pennsylvania Law School for over seven years. He is a sought-after keynote speaker and regularly conducts public and in-house seminars globally on contract language. Episode Resources: If you enjoyed this episode, then please either: 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:

Procurement’s Role in Driving Positive Change: Insights from Jen Barclay, ESG at Narta Procurement and Sustainable Solutions

Episode 15

mercredi 2 août 2023Duration 29:09

In this episode of Procurement Reimagined, host Daniel is joined by Jen Barclay, ESG at Narta Procurement and Sustainable Solutions. Join us as we discuss the evolving procurement landscape and the exciting opportunities for positive change in the industry. From sustainability to collaboration and the role of AI, this podcast offers valuable insights and practical strategies for procurement professionals. Jen’s career in procurement spans over 23 years, and in her own words, she loves what she does. Jen is a strong team leader focusing on developing her team members' careers while achieving organizational goals. Episode Resources: If you enjoyed this episode, then please either: 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 Rebranding it with Gary Salterpicco, Procurement Lead at John Lewis Partnership

Episode 14

mercredi 19 juillet 2023Duration 36:03

In this episode of Procurement Reimagined, host Daniel is joined by Gary Salterpicco, Procurement Lead at John Lewis Partnership, the holding company for John Lewis department stores and Waitrose. Gary shares his insights on topical issues within the procurement space, including conversations in procurement, rebranding procurement internally at organisations, and the role of internal audit in procurement. Gary is a Chartered Procurement Professional and a Fellow of the Institute of Corporate Responsibility and Sustainability, with over 35 years in leadership roles at organisations like the Milton Keynes Council, London Borough of Brent, and currently at John Lewis Partnership. He is a skilled professional with experience managing Procurement Teams and Systems Teams in both Private and Public Sector Organisations. Episode Resources: If you enjoyed this episode, then please either: 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 Sourcing in Procurement with Tom Mills, Head of Procurement and Properties at Bibby Financial Services

Episode 13

mercredi 5 juillet 2023Duration 26:54

In this episode of Procurement Reimagined, host Daniel is joined by Tom Mills, Head of Procurement and Properties at Bibby Financial Services, an independent invoice finance specialist providing cash flow funding to over 10,000 companies in the U.K. Tom shares his insights across different touchpoints of procurement including, reimagining the procurement cycle, building consistency into sourcing, leaning on the experience of technology teams, and who should score supplier responses during the sourcing phase. Tom is a twenty-year veteran in the procurement space. He is passionate about procurement and enjoys the buzz of working in procurement. He has managed 100 million pounds budgets and led procurement teams at companies like Clarks and Nisbets. Tom describes himself as competitive and target-driven. Episode Resources: If you enjoyed this episode, then please either: 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:

Eight Thought Leaders Share Their Insights on Procurement: A Special Compilation Episode

mercredi 21 juin 2023Duration 40:44

Hello, and welcome to another episode of Procurement Reimagined, brought to you by Gatekeeper. I am your host Daniel Barnes, and today we have something a little different for you. We’ll be bringing together a collection of the best insights from our previous episodes that focus on how our guests would reimagine procurement to unleash accelerated value at their organizations. From agile and future-proofed procurement to digitalizing procurement and the role of AI, we’ve got you covered on all critical touchpoints in procurement. But before we dive in, a special word for our loyal and growing audience. Our journey would not have been possible without the participation of our ever-increasing audience base; thank you for making this show a success. With your continued support, we will make the coming episodes even bigger and better! Episode Resources: If you enjoyed this episode, then please either: 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 Vendor Management for Business Growth with Tom Rogers, Founder and CEO of Vendor Centric

Episode 12

mercredi 7 juin 2023Duration 43:25

In this episode of Procurement Reimagined, host Daniel is joined by Tom Rogers, Founder and CEO of Vendor Centric, a national consultancy specialising in helping companies take a systematic, risk-based approach to vendor lifecycle management. They discuss the evolution of vendor management strategies and the need for breaking down silos. Tom explains the importance of having a Vendor Management Office (VMO) and how aligning contract management and third-party risk can benefit businesses. He also touches on how to mitigate contract risks associated with contracts. Tom advises, writes and speaks on the value of vendor relationships and how companies can use risk-based vendor management to unleash the power of those relationships within their organisation. He also shares best practices learned in over thirty years of his career in professional services on being a vendor that companies will want to hire repeatedly. Episode Resources: If you enjoyed this episode, then please either: 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:

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