Proc-N-Roll : Your guide to practical procurement!
Proc-N-Roll : Your guide to practical procurement!
Podcast Description
Welcome to Proc n Roll, where nearly 70 years of combined procurement expertise come together. Join Natasha, the PRO CPO with experience at IBM, McKesson, Salesforce, and Nike; Zach, the procurement guru from London; and Conrad, the visionary innovator behind transformational procurement at Intel and Adobe. We dive into the latest trends shaping the procurement landscape while breaking down the essential building blocks for success. Whether you’re new to procurement or a seasoned expert, our discussions will inspire you and keep you grounded in real-world value.
Podcast Insights
Content Themes
The show covers a variety of procurement-focused topics including feedback mechanisms, essential skills for procurement professionals, risk management strategies, and the evolution of procurement practices. Specific episode examples include discussions on 'Feedback That Doesn't Suck,' which highlights practical feedback techniques, and 'Curiosity, EQ, and Problem-Solving,' exploring critical skills for future procurement leaders.
Welcome to Proc n Roll, where nearly 70 years of combined procurement expertise come together. Join Natasha, the PRO CPO with experience at IBM, McKesson, Salesforce, and Nike; Zach, the procurement guru from London; and Conrad, the visionary innovator behind transformational procurement at Intel and Adobe. We dive into the latest trends shaping the procurement landscape while breaking down the essential building blocks for success. Whether you’re new to procurement or a seasoned expert, our discussions will inspire you and keep you grounded in real-world value.
On this week's Proc N Roll, our hosts are back together from the four corners of the world to tackle one of the biggest ”boat anchors” slowing down procurement: Third-Party Risk Management (TPRM).
In this episode, they dive into the reality of ”risk theater,” revealing how 80 to 90% of businesses pretend to manage risk by checking boxes rather than doing actual risk mitigation. The hosts discuss how to apply proportionality to your risk, learn lessons from the Silicon Valley Bank and CrowdStrike crises, and use intentional design to make the procurement process faster and more effective. Plus, catch up on Natasha's birthday sailing trip in Turkey and Conrad's travels to the DPW conference in Amsterdam!
Timestamps
(00:00) – Cold Open: Participating in risk theater
(01:02) – Intro: The Three Amigos return to Proc and Roll
(01:25) – Natasha's birthday sailing trip in Turkey
(05:48) – Conrad's houseboat at DPW Amsterdam and Europe trip
(09:41) – Zach's restructuring engagement and AI preaching
(11:43) – Main Topic: TPRM and contracts as giant boat anchors
(12:55) – Why nobody is doing TPRM right
(15:16) – Why risk is often treated as an enterprise afterthought
(21:37) – Segmenting suppliers based on risk and criticality
(30:46) – Applying risk proportionality (Zach's London SUV analogy)
(32:48) – The Target HVAC breach and avoiding generic questionnaires
(40:40) – Managing crises like the Silicon Valley Bank collapse
(44:16) – The CrowdStrike failure and master data issues
(45:46) – Key Takeaways: Intentional design and managing real risk
About Proc and Roll
Proc and Roll is your guide to practical procurement. Hosted by Conrad, Natasha, and Zach, the podcast cuts through the noise to discuss the real challenges, AI technology trends, and strategies shaping the future of procurement.
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