Breakout 9: Procurement Saves America: Unprecedented Data is Enabling Procurement to Lead in Unprecedented Times

Tuesday, October 13, 2020 - 14:30

America is facing Three Core Challenges: COVID, Equality and Diversity, and Re-invigorating the American Economy. AI and analytics can rapidly identify opportunities to automate savings and diversity and drive action and capture. In this session, hear how Nordstrom is using data to drive in an unprecedented 2020. Creating A World of Diverse Opportunity In today's world, private and public enterprises are focused on launching or improving diversity initiatives to create opportunity in its supply chain. Whether small business suppliers, women-owned or minority owned, all organizations need a diverse supplier base and the ability to easily and quickly show that data.

We will focus on how technology can meet that need and how Fortune 5000 companies using it to empower their communities through their supplier base. COVID-19 is the New Normal It goes without saying that COVID-19 has altered how we do business and how we conduct business on a daily basis. Nordstrom will do a deep dive on the impact of COVID-19. As many retailers around them have declared bankruptcy, Nordstrom will show us how they have positioned themselves today and for tomorrow.

We will focus on how COVID has impacted their supplier base and what it means for the future. Reinvest in America Supply Chain disruption is deeper than you probably realize. Try and buy a bicycle today and you are out of luck, unless you want a $2500 road bike. Supplier intelligence may make the difference in success or failure for your business. We will focus on what do you need, what is important and how quickly you can get your hands on it.

This session is for any Procurement or Finance leader ready to take their organization and company to the next level.

You will learn:

  • How to lead (rather than follow)
  • How proactive AI-driven insights and spend intelligence can be the difference between success or failure in the world of COVID-19; what do you need, what is important and how quickly can you get your fingers on it
  • How a market leading, Fortune 500 retailer is bucking the trend and is best positioned to succeed during and after COVID-19
  • How to track and monitor a Supplier Diversity Program that generates instant actionable data that is usable throughout your organization, achieves executive level diversity goals, and empowers local communities

Lifecycle Phase: Steady State

Karoline Dygas

Vice President - CPO
Nordstrom

Karoline Dygas is Nordstrom’s Vice President and CPO leading Strategic Sourcing and Procurement for all non-merchandise spend. She joined Nordstrom in April 2019 and is responsible for leading a holistic transformation to provide a new procurement service delivery model that will positively impact the customer experience and company financial performance.

Prior to joining Nordstrom, she was Starbucks Corp Vice President leading Global Sourcing, Store Development and Siren Retail Supply Chains.   She was part of Starbucks Global Supply Chain leadership team and was accountable for sourcing of all capital and commercial equipment, FFE, R&M and QA services, as well as leading the global end-to-end supply chains for Store Development and Siren Retail (Starbucks Roastery & Reserve and Princi brands).   

Before joining Starbucks, Karoline was the Senior Director Strategic Sourcing at Walgreens based in Deerfield, Illinois where she was responsible for $1.5B annual spend across multiple categories supporting Store Development, Energy & Environmental Sustainability, and Marketing.  

She earned her Bachelor of Science in Mechanical Engineering at Purdue University and later completed her dual MBA from both Purdue University and ESCP-EAP European School of Management in Paris, France.

She lives in Issaquah, WA with her husband Josh, two children Morgan (13) and Max (11), and their Samoyed-Husky rescue dog named Yeti.

Nikesh Parekh

CEO
Suplari

Nikesh (Niki) Parekh is the co-founder and CEO of Suplari, an enterprise software company focused on leveraging advanced analytics and artificial intelligence to help enterprises make better purchasing and financial decisions.  Niki was most recently an executive at Internet real estate company Zillow and has also worked in the venture capital, private equity and investment banking industries.  Nikesh earned his MBA from Harvard Business School and his BA in Biochemical Sciences from Harvard College.

Session ID: 
BOS_09_2020F