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Human First, Tech Forward: Finding Balance in Modern Procurement
In this episode of Procurement Reimagined, we speak with Karthik Rama, CEO and Principal Consultant at Procurement Doctors to discuss the evolution of procurement practices, common mistakes made by professionals, and the importance of mentorship. Karthik shares personal experiences, lessons learned from failures, and insights into the current landscape of procurement, emphasizing the need for a balance between traditional skills and technological advancements. The conversation also highlights the significance of human connection in procurement and concludes with recommendations for thought leaders in the field. Takeaways The biggest mistake in procurement can be viewing it as a data entry job. Understanding the broader context of procurement can enhance effectiveness. Siloed thinking in procurement can lead to project failures. Due diligence is crucial in consulting and procurement projects. A balance between technology and traditional procurement skills is essential. Emotional intelligence is a key skill for procurement professionals. Growing in breadth of knowledge is more important than job hopping. Mentorship can significantly impact career development in procurement. Networking and human connection are vital in the procurement field. Learning from failures can lead to better procurement strategies.
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Everything You Need to Know About DORA
We dive deep into the Digital Operational Resilience Act with Liam Mckenna, Partner at Mazars and Austin Kelly from Mazars. If you would like to work with Liam and Austin, please contact them here. Book a call with a Vendor and Contract Management Expert here - https://www.gatekeeperhq.com/book-gk-demo-step-1 GATEKEEPER'S GUIDE TO VENDOR LIFECYCLE MANAGEMENT Actionable checklists, tips and best practices. Download the ebook now for FREE: https://www.gatekeeperhq.com/free-vendor-management-ebook Contact Liam from Mazars here: https://www.mazars.com/Users/our-team/liam-mckenna We dive deep into the Digital Operational Resilience Act with Liam Mckenna and Austin Kelly from Mazars. If you would like to work with Liam and Austin, please reach out to them here. DORA (Digital Operational Resilience Act) is a new regulation that aims to address the increased digital risk organisations face. It focuses on five key pillars, including ICT risk management, incident management and reporting, digital operation resilience testing, and third-party risk. Non-compliance with DORA can damage an organisation's relationship with regulators and lead to remediation programs and penalties. Organisations need to start preparing for DORA compliance by scoping the project, conducting a gap analysis, developing a roadmap, and implementing mitigation actions. Key challenges include weaknesses in IT risk management, lack of asset management, and the need for standardised contract clauses. Organisations should take DORA seriously and not just treat it as a compliance project. They should invest in ongoing risk assessments, engage with third parties, and commit to implementing robust controls. Key Takeaways -DORA is a new regulation that addresses the increased digital risk faced by organisations -It focuses on five key pillars: ICT risk management, incident management and reporting, digital operation resilience testing, and third-party risk -Non-compliance with DORA can damage an organisation's relationship with regulators and lead to penalties. -Organisations must start preparing for DORA compliance by scoping the project, conducting a gap analysis, developing a roadmap, and implementing mitigation actions. Challenges include weaknesses in IT risk management, lack of asset management, and the need for standardised contract clauses -Organisations should take DORA seriously, invest in ongoing risk assessments, engage with third parties, and commit to implementing robust controls Chapters 00:00 Introduction 00:55 Overview of DORA 06:09 Non-Compliance and Penalties 09:44 Preparing for DORA Compliance 13:16 Challenges in DORA Compliance 25:25 Key Considerations and Conclusion
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Reimagining Procurement in an Economic Downturn with Andra Fola, Co-Founder of Solutionary Minds
In this episode of Procurement Reimagined, Daniel is joined by Andra Fola, Co-Founder of Solutionary Minds, to discuss the impact of the economic downturn on the procurement process. Andra shares her insights on tips for navigating turbulent times and how to emerge a winner when the upturn begins. Andra has over fifteen years of procurement exposure and has held business leadership roles in procurement at companies like Amazon and Vodafone. She is the co-founder of two startups, besides being a mentor and startup accelerator at Institute Benelux x Silicon Valley. Episode Resources: Andra Fola on LinkedIn Solutionary Minds Website Daniel Barnes LinkedIn If you enjoyed this episode, then please either:Subscribe, rate, and review on Apple Podcasts Follow on Spotify Check out Procurement Reimagined Podcast Book a call with a Vendor and Contract Management Expert - https://www.gatekeeperhq.com/book-gk-demo-step-1 GATEKEEPER'S GUIDE TO VENDOR LIFECYCLE MANAGEMENT Actionable checklists, tips, and best practices. Download the ebook now for FREE: https://www.gatekeeperhq.com/free-vendor-management-ebook Would you or someone you know be a great fit for the podcast? Please fill out the Procurement Reimagined Guest Questionnaire Procurement Reimagined Podcast is handcrafted by our friends over at fame.so Previous guests include Sarah Kaye of Spin, Hannah MacDonald of Monzo Bank, Dave Jones MCIPS of Procmentum Limited, Andra Fola of Solutionary Minds, Natalia Pilipchak of Mobile Tele Systems, Rees Thomas of Graze, Nadia Stoykov of Tesca Group, Canda Rozier of Collabra Consulting, Elouise Epstein of Kearney, and Matthew Booth of PM Group. Check out our five most downloaded episodes: Reimagining Procurement by Filling Implementation Gaps with Nadia Stoykov, Chief Procurement and Supply Chain Officer at Tesca Group Reimagining Procurement in an Economic Downturn with Andra Fola, Co-Founder of Solutionary Minds Aligning Cost Control and Cost Cutting to Drive Value with Sarah Kaye, Vice President of Procurement at Spin Reimagining Procurement as the Hidden Treasure for Business Growth with Natalia Pilipchak, Transformation and Excellence Director at Mobile Tele Systems A Playbook for Digitalising Procurement with Rees Thomas, Head of Procurement at Graze
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Procurement in a VUCA World with Dave Jones MCIPS, Managing Director at Procmentum Limited
In this episode of Procurement Reimagined, host Daniel is joined by Dave Jones, Managing Director at Procmentum Limited. Dave shares his insights on managing procurement in the current VUCA environment and how the role of procurement is evolving in these uncertain times. He also shares tips on how procurement team members can optimize their career paths by carefully selecting the CPOs they choose to work with. Dave has over sixteen years of leadership in the procurement space across retail, telecom, media, and consultancy. He is an MCIPS and passionate about technology procurement and the pace that drives it. He runs his own procurement consultancy firm and is also the co-founder of the Proctopus Community. Episode Resources:Dave Jones LinkedIn Proctopus LinkedIn Daniel Barnes LinkedIn Gatekeeper Website If you enjoyed this episode, then please either:Subscribe, rate, and review on Apple Podcasts Follow on Spotify Check out Procurement Reimagined Podcast Book a call with a Vendor and Contract Management Expert - https://www.gatekeeperhq.com/book-gk-demo-step-1 GATEKEEPER'S GUIDE TO VENDOR LIFECYCLE MANAGEMENT Actionable checklists, tips, and best practices. Download the ebook now for FREE: https://www.gatekeeperhq.com/free-vendor-management-ebook Would you or someone you know be a great fit for the podcast? Please fill out the Procurement Reimagined Guest Questionnaire Procurement Reimagined Podcast is handcrafted by our friends over at fame.so Previous guests include Sarah Kaye of Spin, Hannah MacDonald of Monzo Bank, Dave Jones MCIPS of Procmentum Limited, Andra Fola of Solutionary Minds, Natalia Pilipchak of Mobile Tele Systems, Rees Thomas of Graze, Nadia Stoykov of Tesca Group, Canda Rozier of Collabra Consulting, Elouise Epstein of Kearney, and Matthew Booth of PM Group. Check out our five most downloaded episodes: Reimagining Procurement by Filling Implementation Gaps with Nadia Stoykov, Chief Procurement and Supply Chain Officer at Tesca Group Reimagining Procurement in an Economic Downturn with Andra Fola, Co-Founder of Solutionary Minds Aligning Cost Control and Cost Cutting to Drive Value with Sarah Kaye, Vice President of Procurement at Spin Reimagining Procurement as the Hidden Treasure for Business Growth with Natalia Pilipchak, Transformation and Excellence Director at Mobile Tele Systems A Playbook for Digitalising Procurement with Rees Thomas, Head of Procurement at Graze
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About Procurement Reimagined

Welcome to Procurement Reimagined, a podcast by Gatekeeper. We believe traditional procurement has had its day - the world is changing and our industry needs to change with it. On the podcast we share the best practices to help you streamline your procurement processes, navigate supplier and vendor onboarding, and ultimately get the most value out of your contracts.

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