EVENT REVIEW
Jonathan Colehower , UST
Risk & Resilience Conference : Day 1 Frank Soudan , SAP SAP ’ s Head of Digital Supply Chain Industry 4.0 Frank Soudan spoke about the importance of technology in building a resilient supply chain and procurement network
“ There is no time to lose ,” he said . “ Organisations will have to invest in order to grow , and the journey to resilience starts with technology .”
But he warns : “ Beware a quick win . Don ’ t create a Frankenstein enterprise . Platforms need to integrate with the wider organisation .”
Daniel Weise , BCG Daniel Weise , MD and Partner at BCG , spoke about a book he has co-authored with other BCG colleagues , called Profit from the Source .
“ The world is fundamentally changing ,” said Weise .“ While the cost of procurement
will be the same , teams will be smaller and much more effective as a result , driving greater value from the investment made .”
He said procurement can offer benefits to organisations beyond cost savings which can be derived from three building blocks to maximise value : the CEO , the company , and the company ’ s ecosystem .
Risk & Resilience Panel The panel comprised Daniel Weise of BCG , Interos Resilience Lab VP Geraint John , and David Shepherd , Global Head of Strategic Partners Director and Risk at LSEG , with BizClik Chief Content Officer Scott Birch putting the questions .
The panel was asked if risk and resilience is ‘ the only story in town ’, to which Shepherd said : “ No but it is the highest priority now . It is definitely the main story .” “ The spotlight is on supply chains as a profession , which presents an opportunity for us to step up ,” added John .
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