Track A: Globalization & Risk Mitigation
Panel Discussion: Smartly Managing Risk on the ‘Right Shore’ From the ‘Best Source”
Vice President & Chief Procurement Officer,
Vice President Global Procurement/Logistics & CPO,
Ascend Performance Materials
Chief Procurement Officer and PSCM Senior Executive,,
Vice President of Global Strategic Sourcing,
Vice President of Procurement,
Becton Dickinson & Company
Each region’s continuing reputation as the ideal low-cost area to source suppliers is countered by a number of political and social concerns. In a rapidly changing regulatory environment that considers conflict minerals, global bribery acts & labor arbitrage, the need to be aware of controversy, fines and criminal sentences is more important than ever. Taken in aggregate, the panel uncovers the implications behind trade in a Trump Era and calls to action an open dialogue in preparation. Ensure proactive and strategic suppliers by communicating:
•How you qualify and source new suppliers
•The significance of having a physical procurement team present in the region.
•The best ways to manage risk influenced by the region, currency movements & our TBD political perspective on trade
•How to prevent potential weak links in your supply base (socio-economic issues) that might damage your reputation
•Uncovering opportunities for establishing a strategic global sourcing network across that region.
Jeffrey P. Wincel is an international purchasing executive recognized as an industry leader. He is a published author, with five books to his credit. Wincel has been selected as one of the “Pros to Know” by Supply & Demand Chain Executive Magazine in 2002, 2004, 2007, 2012, and was a recipient of a team award in 2013 and 2015. Wincel is curren
Carole Wendt is the Vice President of Global Procurement and Logistics, as well as the Chief Procurement Officer at Ascend Performance Materials. Ascend is a premium provider of high-quality chemicals, fibers and plastics. In her current role, Carole is responsible for aligning procurement and logistics with business requirements focused on va
With over 30 years of supply chain experience in Oil & Gas, High-Tech, Retail and Financial Service industries, Edward serves as the Executive Chief Procurement Officer for Spectra Energy, a $21 billion fortune 500 oil and gas transmission company that encompasses 7,500 employees across North America. Serving as a transformational leader in hi
Track B: Supplier Diversity & Sustainability
“Red, White, Blue…Now Green”: Make Your Company Proud To Be Sustainable
Global Supplier Diversity and Procurement Sustainability Director,
Global Procurement Strategic Sourcing Lead,
Topic 1: “Red, White, Blue…Now Green”: Make Your Company Proud To Be Sustainable
Brenda Cockrell, Global Supplier Diversity and Procurement Sustainability Director, Monsanto Company
Going green, sustainability and global regulations are making it more critical for companies to better manage ethical, political and environmental risk. Stakeholder pressure from investors, shareholders & customers to push sustainability into the supply chain is certainly merited. Taken in aggregate, the panel discusses how they planned and integrated their sustainable programs.
- What is responsible sourcing, how it’s measured, and how it should be measured?
- Supplier Value Creation: Assessing how to uphold quality sustainable mandates with limited spend
- Strategizing for “biodegradable materials/packaging” & ensuring key suppliers are brought in line with your goals
- Creating a road-map and planning for continuous improvement
- Complying with global environmental concerns such as deforestation, palm oil, and animal habitats
Topic 2: Monsanto’s Secret Sauce: Supplier Diversity
Mark S. Baxa, VP Global Procurement & Strategic Sourcing, Monsanto Company
Although publicly mandated in some regions, supplier diversity provides the company with many benefits. Adding an estimated $3.6 million to the bottom line for every $1 million in procurement operation costs, supplier diversity creates a positive ROI boost that pushes a socially conscious reputation, drives competition & showcases the company’s commitment to economic growth of all communities.
Take ownership in implementing the necessary strategies to evolve your supplier diversity initiatives by:
- Aligning objectives to determine best supplier fit & new consumer needs based upon shifting demographic realities
- Create a process that manages diverse suppliers to performance over price and measures rigorous quality assurance
- Designing a sourcing process that ensures equal and fair treatment of suppliers so that they can fully participate in a competitive procurement process.
Brenda is the Global Supplier Diversity and Procurement Sustainability Director at Monsanto Company, based in St. Louis, Missouri. In her present capacity, Brenda influences cross-functional global champions in both sustainability and supplier diversity, fostering an environment where collaboration can occu