WEDNESDAY, JUNE 25
8:00 am Registration & Coffee
8:50 am Chair’s Opening Remarks
Remaining Resilient in a Period of Heightened Risk
9:00 am Panel Discussion: Managing the Administration Changes & Impact of Tariffs to Protect Budgets Whilst Retaining Value
Synopsis
• Where are you looking to newly resource critical commodities?
• How are you scoping and mitigating predictive risk surrounding global supply chain and what is the impact?
• Can you outline the mitigation strategies you have assessed internally to avoid such disruptions?
9:45 am Exploring Utilization of genAI for Large RFx- Use Cases with Actual Numbers & Examples to Free Up Time
Synopsis
• Outlining a tangible use case of genAI in conducting RFIs and RFPs to drive time savings and efficiency
• Comparing manual cases to genAI-empowered approaches to understand timeline improvements in real-time
• Pinpointing the ingredients for success in leveraging genAI for this purpose to help transition away from manual operations
10:15 am Audience Q&A
Synopsis
Use this time to ask your burning questions to our expert speakers!
10:45 am Speed Networking & Morning Coffee Break
Synopsis
Connect with industry peers, exchange insights, and forge valuable relationships.
Strategizing Procurement
Chair: James Altwies,Associate Director, Strategic Sourcing – Supply Chain,Exact Sciences
Aligning with Corporate Objectives & Milestones
11:30 am Aligning on Internal Governance & Company Reporting to Closely Visualize Procurement Operations & Minimize Spend Across the Board
Synopsis
• Portraying objective and subjective measures of performance to ensure the team’s alignment with corporate objectives
• Implementing layers of performance metrics to establish clarity and accountability for your procurement team
• Undertaking accurate and regular performance evaluation through assessing target achievements to understand gaps in the overall procurement strategy
12:00 pm Roundtable Discussion: Exploring Different Strategies for Leadership Management to Drive Your Teams
Synopsis
• How have you improved your internal leadership strategy in the last 6 months?
• What are some challenges you have faced in aligning your teams with corporate objectives?
• What are some tips towards success for internal change management?
12:30 pm Creating a Collaborative Procurement Culture & Managing Expectations for Stakeholders for Mutual Benefit
Synopsis
• Balancing between sourcing control and R&D flexibility to encourage active support on both ends and select fit-for-purpose partners
• Establishing a procurement culture that allows for continuous transparency to explore new R&D opportunity whilst protecting R&D spend
• Adopting a ‘fail fast’ approach to novel suppliers and technologies to improve turnaround time with scientists
Implementing Procurement
Chair: Terrel Carothers, Executive Director, Strategic Procurement & Site Services,Eisai US
Shifting to Novel Systems to Free Up Procurement Time
11:30 am Outlining Gilead’s Novel Automated System to Track Vendor Performance & Facilitate Decision Making
Synopsis
• Outlining my work with IT to develop a novel enterprise system to understand key points of success in change
• Explaining the internal roll-out process for the new system to progress efficiency
• Addressing the impact of our performance-related system in addressing day-to-day tactical issues and finding solutions on-the-go
12:00 pm Automating Onboarding of Contractors & Consultancies to Better Manage Workflows & Visualize Procurement Documents
Synopsis
• Leveraging a workflow automation system to centralize confidential information, W9s, and associated documents
for improved organizational cost management and staff augmentation
• Presenting these new workflow systems to internal stakeholders and senior leadership to influence change management
• Managing hesitation surrounding system changes to influence the complete procurement team and derive business-wide improvements
12:30 pm Discussing the Supplier Framework Ecosystem- Utilization of Marketplace To Replace Admin Burden from the Procurement Process & Streamline Timelines
Synopsis
• Understanding how to optimize your supplier framework development using marketplace as a resource to aid decision making
• Outlining the contracting and qualification benefits provided by marketplace operations to inspire your own supplier framework development
• Pinpointing the successes in establishing a non-traditional sourcing tool to understand wider opportunities to connect with suppliers
1:00 pm Networking Lunch
Reimagining Sourcing Models to Protect Against Modern-Day External Risk
2:00 pm Refining Your Team’s Sourcing Models to Take Advantage of Novel Markets & Move Away from Risk Locations
Synopsis
• Outlining potential new business models according to administration changes to remain flexible to supply chain adaptations
• Reevaluating your sourcing for shorter-term contracts for every spend category and understanding what the best models may be
• Reimagining your outsourcing to take advantage of local markets whilst best negotiating pricing to minimize spend
2:30 pm Refining Your Stakeholder Management Process to Streamline Procurement Operations
Synopsis
• Exploring how to best partner with stakeholders for category management to enhance efficiency
• Tapping into the business partner fundamentals from GSK’s perspective to elevate partnering and critical relationships
• Roundtable questions: What are your best practices for stakeholder management and how to effectively meet your strategic goals?
Deploying Tactical Contracting for Flexible Service Agreements
2:00 pm Deploying Strong Negotiation Tactics in Light of Budget Restrictions to Protect Company Spending
Synopsis
• Understanding how to best work with vendors to improve contracting and spending in alignment with objectives
• Consolidating with vendors to obtain benefits including multiservice agreements to minimize overall spending
• Negotiating for task timelines and pricing agreements to deliver to both procurement and R&D teams
2:30 pm Roundtable Discussion: Exploring Best Practices for Successful Contract Negotiation to Minimize Risk
Synopsis
• What are some challenges being faced when contracting with new suppliers?
• Where does the opportunity for success lie in overcoming such challenges?
• What are some tools you are using to improve efficiency upon contracting analysis?
3:00 pm Afternoon Break & Coffee
Evolving Supplier Relationships in 2025 to Protect Current Budgets
3:30 pm Building Credibility with Stakeholders & Standardizing Your SRM Framework to Evolve Strategic Partnerships
Synopsis
• Shifting from a tactical to strategic partnership through devising shared goals and mutual understandings
• Undertaking a holistic vendor-based segmentation to pin-point supplier diversity and aligning with category requirements
• Addressing UCB’s supply chain decarbonization goals for 2040 to set up sustainable, long-term partnerships
4:00 pm Undertaking Accurate Selection & Evaluation of Vendors to Mitigate Risks & Meet KPIs
Synopsis
• Working with internal procurement and R&D teams to pin-point nonnegotiables and KPIs across pricing, shipping, searchability, and customer service for minimal conflict
• Quantifying risks and benefits to closely predict the cost of implementation, resource capacity, and time saved to facilitate decision-making
• Establishing carbon pricing within your sourcing methodology to best embed sustainability metrics into trials through your supplier