{"id":67893,"date":"2022-06-23T08:51:54","date_gmt":"2022-06-23T06:51:54","guid":{"rendered":"https:\/\/www.KGM Strategy.com\/?p=67893"},"modified":"2024-12-09T14:44:01","modified_gmt":"2024-12-09T13:44:01","slug":"peopleinverto-invertos-neuer-ceo","status":"publish","type":"post","link":"https:\/\/www.KGM Strategy.com\/en\/insights\/magazine-09\/invertos-new-ceo\/","title":{"rendered":"PEOPLE@Inverto: KGM Strategys new CEO"},"content":{"rendered":"

\u201eProcurement <\/span>in the spotlight\u201c<\/strong><\/h2>\n

For Daniel Weise, procurement, a role that has long been underestimated, is the key to increasing competitiveness, with cost reductions, increased sustainability, reducing risk in supply chains and a capacity for innovation, quality and speed, all representing crucial issues for business leaders. That\u2019s why his book, due to be published this summer, is called \u201cProfit from the Source\u201d. As a Global Topic Leader for Procurement at BCG, Daniel has been involved with KGM Strategy since it first became part of BCG, and he will drive our development even more actively in his new role as CEO.<\/strong><\/span><\/p>\n

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Daniel, how did procurement<\/span> become such a central issue for you, and what do you find particularly exciting about it?<\/strong><\/h3>\n

I studied business administration at university. I came into contact with the subject quite early on in my time there and recognized my passion for it. I then wrote my thesis on electronic auctions in procurement, which was seen as a \u2018new topic\u2019 at that time. My first project after joining BCG in 2003 was also based in procurement. I\u2019ve remained keen on this area ever since and I\u2019m now responsible for it globally at BCG. What I find particularly exciting about procurement is the huge influence it has on a company\u2019s success. Decisions made by procurement shape the course of a company for the long term.<\/p>\n

What do you see as challenging<\/span> for procurement right now?<\/h3>\n

Procurement is experiencing a fundamental paradigm shift . Previously, it was very cost driven. Buyers were trying to make savings and drive down prices. The current situation is dominated by raw material shortages, inflation, geopolitical tensions, and a growing awareness of sustainability in society.So merely optimizing costs is no longer enough. Aspects such as risk reduction, quality, speed, sustainability, and innovation are just as important for procurement, and they put the focus on suppliers more than ever before. More and more companies are recognizing this and are realigning procurement\u2019s role accordingly. And it\u2019s paying off.<\/p>\n

What impact<\/span> does that have on our work as consultants?<\/h3>\n

It makes our job at KGM Strategy even more exciting and varied, because we can use our extensive expertise to help our customers with these issues. Let\u2019s take sustainability as an example: it\u2019s just fun making the world a bit better! At the same time, our consulting approach has become more digital. We have more data available than ever before and so we can act more quickly, transparently, and effectively. Coronavirus has also changed our working model. The principle of \u201cliving out of a suitcase for days\u201d no longer exists. We have various hybrid scenarios now, including working at the customer\u2019s premises, from home, or at the office.<\/p>\n

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\n ORDER : PROFIT FROM THE SOURCE\n <\/h3>\n\n
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‘Profit from the Source’ – the first-ever procurement book published by Harvard Business Review Press – is now available to order on Amazon!<\/strong><\/p>\n

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Authored by our BCG-colleagues Christian Schuh, Wolfgang Schnellb\u00e4cher, Alenka Triplat, and Daniel Weise, this book is intended as a paradigm-shifting wake-up call to leaders everywhere.<\/p>\n

In these troubled times, the procurement function can help CEOs generate phenomenal value across critical sources of competitive advantage -and this book, structured around three building blocks and ten practical principles, constitutes a blueprint for our clients and company leaders to break away from the pack.<\/p>\n

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Order now<\/a><\/p>\n\n <\/div>\n\n \n <\/div>\n <\/div>\n<\/div>\n\n<\/div><\/div><\/div><\/div>\n

What distinguishes<\/span> us from our competitors<\/span>?
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We have extensive expertise and years of experience in all of the areas that affect procurement. At the same time, focusing on implementation has always been part of KGM Strategy\u2019s DNA, which gives us another edge and clearly differentiates us. We don\u2019t just work in partnership with our customers, we also pitch in ourselves so that we achieve the best results together. And having integrity and a down-to-earth attitude is just as important to us as positive cooperation in diverse teams. Just being VERY KGM Strategy!<\/p><\/div>

And where are we heading? What is your vision<\/span> for the next five years?<\/h3>\n

Our course remains set for growth. We want to open up more markets in Europe, as well as continuing to establish ourselves as a home for the best procurement talent. We\u2019ll continue to develop diversity within the company and implement our \u2018new ways of working\u2019 effectively.<\/p>\n

We\u2019re also going to diversify our range of consulting services even more. Issues such as sustainability or resilience in the supply chain will gain in importance in the coming years and need to be linked more closely to goals such as cost reduction, risk management, a capacity for innovation, and quality. We\u2019ll also expand our range of digital tools, with a particular focus on analytics and artificial intelligence. Being part of BCG offers us great opportunities here.<\/p><\/div><\/div><\/div>\n

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And at home in D\u00fcsseldorf<\/strong><\/span>? What should we look out for there?<\/h3>\n

D\u00fcsseldorf has a large Japanese community and therefore has plenty of restaurants offering fantastic Japanese food, probably the best in Europe. There are also loads of great options in D\u00fcsseldorf for lovers of art and architecture. I recommend walking from K21, which houses North Rhine-Westphalia\u2019s art collection and also lots of impressive individual exhibitions,

to the BCG office in the K\u00f6-Bogen complex. There, you can admire amazing new architecture, visit fantastic galleries, and then see out the day in the old town.<\/p>\n<\/div><\/div>