Cost savings will always be at the core of the procurement organization’s role in any enterprise, but today, procurement groups can also help boost organizational performance and productivity by engaging in the development and execution of their company’s strategic direction. Lalit Wadhwa, vice president, global supply chain operations at Avnet Electronics Marketing, an operating group of Avnet, Inc. (NYSE: AVT), will address how procurement executives can better use metrics to achieve these objectives in his presentation, “Using Metrics Framework and Scorecards to Align Goals of Procurement with the Enterprise at Large,” at the upcoming IQPC 2014 Chief Procurement Officer Exchange.
IQPC 2014 Chief Procurement Officer Exchange will be held October 19-21, 2014, in Frisco, TX. The CPO Exchange is an invitation-only event catering to senior purchasing, sourcing, procurement and supply chain executives responsible for providing strategic leadership and guidance within their corporations.
“As supply chains increasingly define an enterprise’s competitive standing, procurement groups must be more cognizant of the need to align their goals with the overall strategic direction of their organization in order to support the bottom line and enhance productivity,” said Wadhwa. “In my presentation, I will discuss the various ways in which procurement organizations can/should utilize metrics and scorecards to deliver greater value by driving more cohesion with both internal and external business partners.”
Key discussion points in the presentation will include:
• The role of metrics to align goals of procurement
• The role (if any) that procurement should take in the long term planning aspects of the enterprise
• Frequency in which procurement and its business partners should review for validation, modification and realignment of their respective operational/business plans
• Procurement’s role in gaining alignment of all stakeholders when business partners’ plans and priorities conflict.
Based in Phoenix, Wadhwa and his team assist Avnet customers to seamlessly move their supply chain from one region of the world to another, across multiple sites. He also ensures consistent supply chain business processes for global customers across Avnet’s regions and provides customers with a consistent experience regardless of location.
To learn more about the 2014 Chief Procurement Officer Exchange, or to register, visit http://www.iqpc.com.
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