Hear cutting edge presentations on:
n Transforming procurement from cost centre to profit centre
n Managing and Encountering Procurement Fraud
n Strategizing the Procurement Function
n Sourcing Innovation
n Tackling Inflation and Rising Costs of Raw Materials
n Driving Cost Savings and Enhancing Business Process Efficiencies
n Governing Procurement Contracts
n Creating Value within the procurement function
n Outsourcing and procurement
n Sitting on the negotiation table
n Sourcing through multiple channels
n Assessing risk within the procurement function
n Procuring in a clean and ethical manner
n Asian vs. Western style of procurement
n Accelerating Procurement to Business Success Catalyst
n Sustainability in Procurement

Today, the market has become a highly competitive place. Rising costs and inflation have had a deep impact on procurement of raw materials. Companies not only need to secure raw materials at the best cost, but also need to focus on the strategic evolution of the operation. Procurement has become a global initiative that transcends its purchasing roots. Organizations are deploying their best and brightest to embark on the spend management journey.

Procurement executives are facing increasing pressure and supplier selection has become a real challenge and security of supply is under threat. Procurement function is being significantly stretched and there is immense need to have a strategic focus on the procurement function, in order to contribute to a high level of business. Cutting operating costs to maintain profits is extremely important.

Outsourcing and new technologies have also revolutionized the procurement function. Managing vendors is essentially important, and good negotiation skills are the key to it.

This summit will address strategies, theories, and practical methodologies to ensure procurement executives return to their office armed with essential ideas, knowledge and skills required to streamline the procurement function to build value, savings and efficiency. You will gain knowledge needed to develop, write, implement, test, manage and maintain your plan. Participants would be able to share strategic knowledge, and network with industry practitioners to gain insights on latest market development, key issues and best practices of sourcing and procurement in the region.

As emerging markets develop, procurement is becoming an important function within the region. Local companies are procuring globally and global companies are procuring locally and regionally. It is important to understand the differences between Asian and Western methods of sourcing. This conference would help understand if Asian and Western styles of procurement are indeed different as well as how sourcing is heading towards the next generation. 

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