The Art and Science of Sourcing and Procurement in 2022 with David Pennino

How much do you spend on marketing, IT, distribution, logistics, and corporate services? If you're a consumer packaged goods company, a retailer, or an e-tailer, it's probably about twenty percent of revenue. For a one-billion-dollar business, that means 200 million dollars, which is a lot. But David Pennino states that you should be able to save between five and fourteen percent on that by doing sourcing and procurement efficiently. David is the Founder, CEO, and Director of LogicSource, a business consulting and services company that focuses exclusively on the sourcing and procurement of indirect expenditures. He has spent the last twenty years advising and helping companies buy better. David’s experience includes a mix of early-stage and established businesses. Before LogicSource, he held senior and executive leadership roles at Williams Lea, Gartner, and Scient. In this episode, we discuss: -What is LogicSource -How organizations can buy better -Reinventing sourcing and procurement -The advantage of doing sourcing and procurement well -How companies can buy better in 2022 -The value of indirect procurement to a CEO and CFO -Misconceptions about procurement Presented by Personiv https://insights.personiv.com/cfo-weekly

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