Exclusive Video: American University of Sharjah - P&SC LIVE

Procurement and Supply Chain Transformation - What is your end goal?

Speaking at Procurement & Supply Chain LIVE 2023, Vidya Malkani, Procurement and Supply Chain Director at the American University of Sharjah deep-dived into transformation strategies. 

How to approach supply chan transformation

When it comes to implementing an effective supply chain transformation strategy, Malkani emphasises the challenges of understanding the end goal. She notes that prioritisation is crucial, and companies should focus on purpose, organisational goals, timelines, and positioning of procurement.

“My personal approach has always been you need to prioritise. You cannot achieve everything in one goal," she says.

Challenges and solutions

When it comes to the challenge of buy-in and support for a transformation strategy, Malkani highlights the importance of actively listening to stakeholders and their pain points to be able to address the correct problem. 

She stresses that communication with stakeholders including the procurement team is vital for success, Malkani shares an example of of addressing resistance by understanding professors' preferences for traditional methods and gradually introducing technology.

"You have to very actively listen and engage with the stakeholders to understand what exactly is wrong. What is it that needs to be fixed or what are what is the problem statement?"

Other key discussion points

Elsewhere in her fireside discussion, Malkani warns of the importance of defining the end goal before selecting technology partners, as well as being realistic about adoption rates and defining success metrics.

She also touches on continuous learning and improvements, as well as future trends and her proudest achievements.

To watch any of our other speakers from Procurement & Supply Chain LIVE 2023, click here.

Don’t forget to register for our future events at Procurement Supply Chain LIVE and Manufacturing LIVE 2023.

Celebrating exemplary achievements in the fields of procurement and supply chain management, the Supply Chain AWARDS - debuting in 2024 - acknowledges companies, professionals, and projects that demonstrate exceptional performance, innovation, and strategic thinking. Click here, to find out how you can enter.

******
For more insights into the world of supply chain read the latest edition of Supply Chain Digital and be sure to follow us on LinkedIn & Twitter. Other magazines that may be of interest: Procurement Magazine, Manufacturing Digital
******
BizClik is a global provider of B2B digital media platforms that cover executive communities for CEOs, CFOs, CMOs, and leaders in sustainability, procurement, supply chain, technology & AI, cyber and FinTech. It also covers industries such as manufacturing, energy and EV. BizClik is based in London, Dubai & New York. It offers content creation, advertising and sponsorship solutions, webinars & events.