Myth Busters
When procurement involvement slows down the process
What is a bottle neck
*Ensuring that risk and cost are managed and that the business is compliant with all legal protocols
Director of marketing procurement
Who is Angelica Prudente
Standard payment terms
What is 60 days?
Thing that finance does not recognize
What is cost avoidance
What is marketing
Procurement only considers the lowest cost vendor
What is low cost sourcing
*We consider best solution - generate better value for money
Construction and real estate category manager
Who is Skip Henkel
Type of PO prohibited under the new policy
What is after the fact
Difference of first offer and final offer of awarded supplier
What is CAPEX savings
Physical location where we sell our product
What is Retail
Reducing the money you have to operate your business
What is budget cutting
* Here to maximize the budget not to reduce your overall budget
Professional Services category manager
Stephen Yarman (Yerman)
Involve procurement if my purchase is above this amount
What is EU10,000
Budget minus final offer / variable cost
What is OPEX
Function that supports all our sites
What is facilities management
A common business partner response about procurement.
What is 'you don't understand our business'
*Category managers are deep SME in their area of responsibility.
IT category manager
Who is Sam Crider
When my invoice won't be paid
What is NO PO, NO Pay
Upfront payment to an agency for materials / production
What is a production pre-payment
The reason that there is no parking
What is construction
Procurement sits here.
What is at the village
*We sit at Eastside Exchange - please give us half an hour notice if you are cancelling a meeting at one of our other sites
Logistics category manager
Who is Blake Nordstrom?
Purchases above EU250K will use this tool.
What is Ariba e-sourcing
Total 2017 NTP Spend
What is $954M
Futures department
What is research and development