Attendees will come away from the session energized by the passion, vision, and enthusiasm that comes from seeing how a global chemical company benchmarked its Technical Procurement organization against peers and world-class companies and used it to create a strategic advantage. In this session, we will share how Nova Chemicals used a fact-based approach to build its roadmap and, more importantly, execute a series of fast-paced initiatives focused on delivering five core capabilities: category management, contract management, procurement management, procurement operations and procurement development. In doing so, Nova quickly established a global Technical Procurement organization that embodied five critical attributes: (integrated, flexible, scalable, stakeholder-centric, and technology-driven) which allowed them to effectively acquire additional capacity over the course of the year, ultimately adding 50% to their overall manufacturing capacity.
- How to use benchmarks to build a procurement roadmap
- How to use strategic initiatives to build procurement competencies
- How to institutionalize critical organization attributes to enable growth
- How to effectively integrate an acquired Sourcing and Procurement team
Contributors: Nova Chemicals, The Hackett Group
Categories: 2017 Fall - Carlsbad, Summit Presentations
SRC Type: Category Management, Contract Management, Outsourcing, Procurement Operations, Procurement Outsourcing / Transformation, Sourcing Management