Procurement Experts Warm Up Open Windows Sponsored CIPS Networking Night
The wintery Melbourne weather did not deter 80 Victorian procurement professionals from turning out to the latest CIPS Networking event held on Wednesday 31st May at Rivers Edge event centre and proudly sponsored by Open Windows Software.
With a magnificent view of the Yarra River the crowd quickly warmed up over a quality selection of canapes and beverages and re-connecting with many familiar faces and plenty of new ones as well.
The evening’s presentations kicked off with an inspirational speech from CIPS Australasia’s Rhiley Wentworth calling for members to share feedback to understand how CIPS can better support its members.
Following a warm welcome from Shane McInnes, Open Windows Director and Co-Founder, procurement guru Jonathan Dutton presented on his latest white paper, The 7th Right of Procurement – the new urgency for buying in the right way. We first revisited procurement 101 with the 5 rights of procurement, and how they have evolved and developed into greater challenges today in a complex and volatile world. The more recently accepted 6th right – buying from the right source, was also explained in the context of the new ISO standard for Sustainable Procurement. Jonathan then delved into the new 7th right, where demand from internal and external stakeholders for procurement to justify their purchasing processes is driving this new right. Jonathan drew to the clear point that procurement must not only be doing the right thing, but be seen doing the right thing. He went on to discuss how procurement can manage a more transparent purchasing process and how contract management automation can support this outcome.
Resident Contract Management expert Dr Sara Cullen, from the University of Melbourne and The Cullen Group, took the stage next to continue the discussion on the evolution of procurement principles. Sara highlighted the important fact that procurement rights only cover ‘downstream’ management, and that managing the contract, ‘upstream’, is where the rubber hits the road and where procurement can achieve full value from the sourcing initiative. The 8th RIGHT, she explained, is about managing the contract in the RIGHT way, to achieve the right outcomes. She also highlighted the latest in Design Thinking – which suggests the desired outcome is the design start-point, from which the best way to achieve it is determined.
With the night’s formalities over, attendees discussed the night’s learnings over yet more drinks and canapes until the night came to a close.
Open Windows would like to warmly thank CIPS for the opportunity to sponsor this great event and to all the members that attended and made the night such a success.
If you were not able to make the event, you can download The 7th & 8th Right’s whitepapers below;
The winner of the business card draw was announced on Friday 2nd June, congratulations to Silke Therhaag who won a UE Boom.