Delivered at ELN's Procurement Leaders Event on Thursday 10th November 2022.
"In an ever changing world where political and economic upheaval are constant what should Procurement as a function consider when generating plans for supporting the business in 2023. Navid Amin – Head of Procurement at WSP – will take you through the work he has done and provide an overview of WSP Procurements priorities next year."
2. Who are we?
1
We’re WSP, one of
the world’s leading
engineering
professional
services
consultancies.
5
Our global and local expertise is far-reaching, spanning multiple industries and sectors – including:
2
We’re a family of
more than
55,000 working in
40 countries over
the world.
3
Projects –
The Shard, HS2,
22 Bishopsgate,
Covid 19 Testing
Facility, Eden
Project North.
Aviation Chemical
Commercial
Office
Defence Energy Healthcare Hydrogen
International
Rail
Local
Government
Logistics Maritime Mining
Mission
Critical
Offshore
Wind
Pharma &
Sci-tech
Rail - High
Speed &
Domestic
Residential
Strategic
Highway
4
We are 7,000
people in the UK
building a smarter,
greener future for
everyone.
4. 1 Prospect of Recession.
2 Margin improvement is a consistent core priority of WSP UK.
3 Spectre of shortages, inflation, currency fluctuations need to be factored in to planned savings.
1 - Savings/margin improvement
Ensuring savings on projects and reducing supplier cost
Key 2023 Priority – Deeper knowledge of categories and searching for opportunities over and above
standard savings i.e., spec change and demand management.
5. 1 Covid brought the importance of supply chain risk to the fore.
2 Companies such as WSP experienced higher price and cost volatility post-pandemic.
2 - Reduce supply risk
Minimise supply chain disruption and its subsequent impact on WSP
Key 2023 Priority – Embed process in business and tie together the various risk technologies to
create one dashboard i.e., Exiger and Creditsafe.
3
Implemented a 3 level Risk Monitoring strategy.
1. On boarding 2. Top 30 suppliers 3. Category Specific (Macro)
6. 1 Increases demand from business on data regards suppliers and our supply chain.
2 Standard Supplier information is currently stored in our ERP.
3 - Supplier data
A data-driven approach for supplier management
Key Priority for 2023 – Understanding future demands for data; how to capture it, where to store it
and how to report on it.
3 Various separate data sets have been created in regard to suppliers (GDPR, Cybersecurity).
4 3rd party organisations can now assist in sourcing that data.
7. 1 Savings, spec changes and demand management require stakeholder support.
2 Business expectations of procurement have changed – not just commercial expertise but deep
category knowledge.
4 - Stakeholder focus
WSP aims to enhance stakeholder focus and engagement
5 Formal processes to monitor progress – Procurement Project Review Board.
3 Recession – Focus on EBIT
4 Create joint targets or have savings targets baked into budget.
Key Priority 2023 – Increase category knowledge (Hires), Secondments into Procurement, and find
supporters of Procurement i.e., Finance.
8. 4
Understand overarching.
1 Procurement need to align their skills with changing business needs.
2 A ‘modern’ vision of procurement will require new capabilities - Supply Risk, ESG, Sustainability and
Data Intelligence.
5 - Procurement skill set
Improve procurement agility and abilities
3 Business Impact - Individuals need to be flexible and not just focus on commercials.
Key Priority 2023 – Deeper category knowledge, increased Influencing training and focus on
Emotional Intelligence. Focus on ‘Storytelling’.
3. Changing Market Dynamics
1. Business Strategy 2. Stakeholder Plans