Procurement Leader of the Year - Marc Magistrali, CPO, Kone
Procurement Leader Of The Year:
This Award recognises the individual who most exemplifies procurement excellence, leadership & innovation. The judges will look for strong evidence of: - Innovation initiatives, programmes and successes
- Value creation ideas, development and contribution to procurement effectiveness
- Contribution to team excellence
- Contribution to sustainable business excellence
ProcureCon Award for Procurement Leader of the Year - Shortlisted were:
- Luis Marques Ferreira - EDP
- Cavidan Kaya - Baku-Tbilisi- Ceyhan Pipeline Company (BTC Co.)
- Les Ball - EATON
- Marc Magistrali - KONE
And the Award went to.... MARC MAGISTRALI, CPO, KONE The shortage of credit has limited business growth & expansion plans for many organizations, increased the risk of supplier solvency and altogether created a generally risk averse - internally focused (cost reduction only) climate. Marc Magistrali led the way in building the “risk factor” in supplier qualification, segmentation and management; many measures have been taken to mitigate and plan for these 'obstacles' - fundamentally all processes whether they be strategic (dual source,...) or operational. Measures that Marc has taken include increased interface with primarily their strategic suppliers through formal and informal channels, expanding supplier quality audit risk parameters as well as creation of an improved Balanced Scorecard system to better Assess Supplier Performance and Diagnose Risk Levels. Their 'Scorecard' is updated on quarterly basis (or more frequently depending on supplier RISK level), whereby key financial and business parameters are analyzed such as Cash Flow, Gearing % and R&D percentage of sales – in an effort to ensure our strategic suppliers maintain a 'healthy' focus on sustainable innovation and growth. |