In this episode of the Auto Supply Chain Prophets Podcast, we interviewed Phil Ideson, Managing Director of the Art of Procurement, who is on a mission to revolutionize (10X) the impact of procurement in organizations. Phil emphasizes the need for procurement professionals to think outside the box and reimagine their roles to achieve greater influence and value. He highlights the importance of strategic partnerships with suppliers, especially in the automotive industry, where tight margins and disruptions in the supply chain are common challenges.
The conversation then focuses on the automotive supply chain, where Phil points out that procurement's role is vital due to the industry's high dependence on cost-efficient components. He highlights that automotive procurement is often measured solely based on cost savings, which neglects other critical aspects like supplier quality, performance, and innovation.
In a bid to shift procurement from a transactional to a strategic function, Phil advises building empathy with stakeholders and focusing on their needs, rather than solely on individual metrics. Join us in this episode of the Auto Supply Chain Prophets as Phil Ideson also shares his insights from the telecom industry, where strategic procurement partnerships are prevalent, offering guidance to the automotive audience in fostering similar practices.
Themes discussed in this episode:
Featured on this episode:
Name: Phil Ideson
Title: Founder & Managing Director, The Art of Procurement a company on a mission to 10x the impact of procurement. It promotes the value of procurement within the organization, actively engaging colleagues in the business by offering access to case studies, resources, insights, thought leaders, tools, and technologies that empower confident change.
About: With over two decades of experience, Phil has successfully developed, transformed, and led procurement teams, generating significant value for stakeholders through cost optimization, innovation, employee retention, and risk mitigation across Direct and Indirect procurement. He has served as a practitioner, consultant, change agent, and Head of Procurement.
Phil hosts the #1 procurement podcast in the world - The Art of Procurement Podcast
Connect: Linkedin
Episode Highlights:
[01:35] Redefining Procurement's Impact. Phil Ideson's mission is to "10x the impact of procurement" by challenging traditional views and encouraging creative thinking in redefining procurement roles. He highlights the significance of procurement in the automotive industry's supply chain, given its tight margins and cost management challenges.
[05:36] The Importance of Customer Satisfaction in Procurement. ...
