The Spend Sessions Podcast, Episode 4: Building the Procurement Function of Tomorrow

When Kantar was bought out by Private Equity from previous owners WPP, Chief Procurement Officer Steve Day had the opportunity to start from scratch and create a modern sourcing organization from the ground-up. The result was a new type of operation that prioritizes speed and agility over cumbersome manual legacy processes and gives a view into how the procurement model of the future should look, combining best-of-breed technology with new talent and people, brought up in a digital-first world.

In conversation with Globality's Seth Catalli, Steve discusses: 

• How he has built a new type of sourcing team with a focus on different skills and backgrounds to those traditionally associated with procurement.
• Why procurement must do more than just cut costs and needs to deliver more strategic value across the enterprise.
• His desire to develop a more diverse supplier base and the progress Kantar has made. 
• How he set-up an offshore procurement Center of Excellence to automate manual work and elevate the function's business impact.