How can you achieve procurement excellence in a world of volatility, uncertainty, complexity, and ambiguity (VUCA)?
In this interview, Momcilo Orlandic, Procurement Centre of Excellence Director for EMEA and APAC at Molson Coors discusses how the procurement function needs to navigate this new reality.
This includes the organizational structure, strategy, processes, digital tools, and human investment to manage risk. He also talks about how great supplier relationships have improved both sustainability and operational efficiency.
Topic under discussion include:
The evolving role of procurement
Procurement is no longer focused solely on controlling costs, supply assurance, and payment terms. Instead, it is a core contributor to enterprise value by increasing resilience, managing supplier risk, and digitalization.
Resilience and organizational structure
To navigate a VUCA world, you need a procurement structure that is designed to mitigate disruption.
Orlandic explains the power of the Molson Coors Procurement Resilience Control Tower. This supports data-driven decisions and helps the team to adjust strategy quickly when needed.
The importance of digital transformation
Molson Coors digital ecosystem includes procurement event management, supplier risk, commodity forecasting, cost modelling, sourcing strategies, and more. Orlandic explains how this allows Molson Coors to shift from reactively managing disruptive events, to proactively mitigating looming threats.
