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SIG Speaks to Nikesh Parekh, CEO and Co-Founder of Suplari

Nikesh Parekh will present at the SIG Procurement Technology Summit

What is your role and what are your day-to-day responsibilities?

As the CEO and Co-Founder of Suplari, my goal is to hire great people, provide some direction, and then enable my team to build great products and services for our customers. 

What is something that you wish more people knew about sourcing and procurement?

I am passionate about enabling people and companies to buy smarter and more strategically. There is a perception that procurement teams are process-only and hard to work with, but I have met wonderful people on procurement teams around the world who are true strategic advisors driving change across the company and in their industries. Sourcing and procurement teams know how to let their hair down too and are some of the most fun out there.

In your opinion, what are 3 skills that sourcing and procurement professionals of tomorrow must have?

  • Data analysis
  • Communication/negotiation
  • Collaboration

What does the future of sourcing and procurement look like to you?

Procurement must enable the business to be more efficient and serve as a trusted strategic advisor. It must also enable the rest of the business to buy smarter while focusing on the most important sourcing events for the company. Procurement and sourcing will become a true strategic executive function at every company. 

Explore more interviews with expert practitioners and executives on our blog.  

Nikesh Parekh, CEO and Co-Founder of Suplari

SIG Speaks to Debbie Manos-McHenry, Chief Sourcing Officer, Huntington National Bank

An image of gold stars on a grey surface.

When she’s not challenging the status quo and meeting her budget targets at the bank, Debbie helps to make her community a better place as the leader of the Huntington Women's Network Business Resource Group and as a volunteer with various Columbus charity organizations. A big believer in the power of personal connections, Debbie talks about her role at the bank, the importance of utilizing technology and her tips for building professional relationships that can pay off down the line. Debbie is well-known in the SIG community as a member of the SIG Thought Leadership Council, the SIG University Advisory Board and she leads the Steering Committee of the Risk Management Association’s Third Party Management Round Table.

Your keynote presentation at the Columbus CPO Meet and Eat was about tail spend management--why is this such a hot topic?

Huntington’s sourcing team, like many other companies, is lean. Identifying ways to direct low-dollar, high-transaction volume spend to a consistent, repeatable process through catalogs, spot-buys amongst preferred providers or non-catalog PO’s helps focus the team on more strategic projects while maintaining cost discipline in the tail.

Stacy Mendoza, Digital Marketing Specialist