Breakout 28: Digitalize the Entire Source-To-Pay Cycle for Direct and Indirect Procurement

Thursday, October 15, 2020 - 14:30

Procurement executives are continually challenged to maintain sustainable savings, overall operational efficiency, and risk mitigation in today's highly volatile commodity markets and risk-prone global supply chains. Organizations look up to procurement teams to deliver value beyond tactical savings. Procurement is increasingly seen as the driver of business value through cross-functional collaboration within the enterprise as well as outside. But how do you keep the momentum going? We will explore how a truly integrated Source-to-Settle process offers a tremendous ROI, with spend analysis driving effective sourcing, suppliers well-managed and contracts compliantly purchased off. A successful journey begins with the vision and a solid business case and continues through effective deployment of technology and the necessary process change management.

You will learn:

  • How procurement can think beyond procuring and why
  • How digitizing your processes can help you efficiently manage supplier risk and performance
  • How leveraging technology yields maximum growth and profitability
  • The importance of supplier collaboration in the procurement value chain

Lifecycle Phase: Optimization

Lynn Torrel

Chief Procurement & Supply Chain Officer
Flex

Lynn Torrel is Chief Procurement and Supply Chain Officer at Flex, the Sketch-to- Scale® solutions provider that designs and builds intelligent products globally. With approximately 200,000 employees across 30 countries, Flex provides innovative design, engineering, manufacturing, real-time supply chain insight and logistics services to companies of all sizes across industries and markets.

As Chief Procurement and Supply Chain Officer at Flex, Torrel is responsible for direct and indirect materials, transportation and logistics, business operations, materials management and strategic supply chain management.

Prior to joining Flex in September 2019, Torrel held several leadership roles at Avnet spanning global supply chain solutions, strategic accounts and semiconductor business development, among others. Most recently as President, Avnet United and Velocity, she was responsible for maintaining and growing the company’s largest and most strategic customers and managing global supply chain programs. Torrel also optimized complex supplier strategies and oversaw key semiconductor initiatives, linking efforts across regions and driving global best practices. Torrel joined Avnet through its acquisition of EBV Elektronik (Munich).

Torrel holds a bachelor’s degree from the University of Minnesota-Duluth and an MBA from Arizona State University, where she received the 2010 W.P. Carey Student Leadership Award.

In May 2019, Torrel was named one of the Outstanding Women in Business by the Phoenix Business Journal.

Torrel served as a board member for the Electronic Components Industry Association (ECIA) and Cortney’s Place, a non-profit organization serving the adult special needs community.

 

Sundar Kamak

Global Head of Manufacturing Solutions
Ivalua

Sundar Kamak has over 20 years of experience in Direct Materials, Supply Chain Management, Solutions/Customer Marketing, Product Management, and Engineering. He currently serves as the Global Head of Manufacturing Solutions at Ivalua where he works with customers around the world to improve their procurement practices. Prior to joining Ivalua, Sundar held an executive leadership position at SAP Ariba and spent a number of years with Covisint, where he led large strategic sourcing and e-business transformation initiatives for automotive manufacturers. He holds a Master’s degree in both Materials Science & Engineering and Mechanical Engineering from Wayne State University in Detroit, Michigan.

Session ID: 
BOS_28_2020F