Join Sourcing Outlook 2021 and meet with Carlos Cruz! An open minded and very experienced procurement professional working at Bayer. The Missi0on Statement give you an idea of what you will gain from joining This session. You an start choosing sessions straight after registration.
Risk Management is making top priorities position in CPOs must act list, but how well are companies managing 3rd parties and internal risks in fast moving VUCA world?Carlos Cruz
During this session you will get hands on practical data communication and visualization experience exchange. You can draw from how your peers group are using data to ensure internal and external compliance.
How are you using data and advanced analytics to ensure compliance in procurement practices?
At Bayer, Compliance enables us to translate our mission into good business results and is therefore a crucial success factor within Procurement on which we cannot compromise. In 2020, goods and services were procured from 97,362 suppliers for approximately €17.7 billion and recorded in the Group-wide Bayer reporting system.
During this session you will discuss ways of working to ensure compliance in procurement. We will also exchange on how data analytics can help procurement to more actively manage risks and reduce value leakage.
How do You enable fact based insight and collaboration across the organization?
- How do you leverage advanced analytics from big data to support category leads and senior management?
- How do you measure adherence to Procurement guidelines?
- In what ways do you provide data to the business and back to the procurement organization?
- How is data usage and analytics developing as technology is advancing?