Art of Procurement885: Procurement Should Be a Safe Pair of Hands in a Complex World W/ Frank Mckay
"Do we have a supply chain that we are building that is going to allow us to navigate and be agile enough, no matter what the world continues to throw at us?" - Frank Mckay, Chief Supply Chain & Procurement Officer, Jabil
Procurement and supply chain have traditionally operated as distinct functions, but growing complexity, new technology, and rising expectations around resilience are making that separation increasingly difficult to maintain.
In this episode, Philip Ideson welcomes back Frank Mckay, Chief Supply Chain & Procurement Officer at Jabil, to discuss how closer alignment between procurement and supply chain can create a stronger foundation for growth, resilience, and innovation.
Frank shares how Jabil has brought the two functions together around technology and a common source of truth, while using AI to enrich roles, anticipate shortages, and create new capabilities. He also explains how procurement's measures of success have expanded beyond cost reduction to include balance sheet health, resilience, and revenue generation.
In this episode, Frank discusses how to:
-Apply AI to enrich roles and proactively manage risk
-Balance AI experimentation with appropriate governance
-Measure procurement value beyond cost reduction
-Build resilience into procurement and supply chain strategy
Links:
Frank Mckay on LinkedIn: https://www.linkedin.com/in/frank-mckay-1297a14/
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