{"id":26258,"date":"2023-12-20T23:44:37","date_gmt":"2023-12-20T23:44:37","guid":{"rendered":"https:\/\/www.argonandco.com\/?post_type=event&#038;p=26258"},"modified":"2023-12-20T23:50:28","modified_gmt":"2023-12-20T23:50:28","slug":"conference-asia-pacific-procurement-congress","status":"publish","type":"event","link":"https:\/\/www.argonandco.com\/en\/news-insights\/events\/conference-asia-pacific-procurement-congress\/","title":{"rendered":"Conference: Asia Pacific Procurement Congress"},"content":{"rendered":"<p><span data-contrast=\"none\">Recently the Singapore and Hong Kong teams attended the Asia Pacific Procurement Congress, the two-day conference which took place in Singapore on the 8<\/span><span data-contrast=\"none\">th<\/span><span data-contrast=\"none\"> &amp; 9<\/span><span data-contrast=\"none\">th<\/span><span data-contrast=\"none\"> November.\u00a0<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:true,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">The must-attend event for CPO\u2019s and senior procurement professionals showcased leading examples of how businesses could translate their quest for value into impact and provided attendees with the actions they needed to understand how recent events had changed organizational strategy and what this meant for procurement.\u00a0<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:true,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">During day 2 of the congress, we led an interactive workshop as one of the CPO Challenger sessions. Participants joined us as we explored the critical topic of \u201c3<\/span><span data-contrast=\"none\">rd<\/span><span data-contrast=\"none\"> party risk management: Could procurement take the lead?\u201d hosted by Andrea Carnino, Principal Consultant at Argon &amp; Co Singapore. The interactive discussion delved into the following key areas:\u00a0<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:true,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"none\">What are the main types of risk procurement teams are focusing on?<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:true,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"none\">How does procurement collaborate with enterprise risk and finance functions and what other functions are involved?<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:true,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"none\">Should procurement own 3PRM, and if so, how do we get there?<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:true,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"none\">How should teams prepare? What is most important to focus on?<\/span><\/li>\n<\/ul>\n<p><b><span data-contrast=\"auto\">Key takeaways from the event:<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"14\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559683&quot;:0,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"5\" data-aria-level=\"1\"><span data-contrast=\"auto\">COVID taught us a lesson by catching us unprepared in our supply chain and procurement strategies, but most organisations are still not embedding risk management practices in the relationship with 3rd-parties.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"14\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559683&quot;:0,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"6\" data-aria-level=\"1\"><span data-contrast=\"auto\">As much as we learn about risk basics in our procurement studies (from CIPS or other organisations), we still struggle to apply those tools in our daily tasks and tend to be reactive rather than proactive.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"14\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559683&quot;:0,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"7\" data-aria-level=\"1\"><span data-contrast=\"auto\">Procurement is the natural &#8220;keeper&#8221; of supplier relationships &#8211; in fact we&#8217;re blamed for every issue, from delays to non-conformances! &#8211; and we should get ownership of 3PRM by communicating and selling our value internally.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">China&#8217;s economic growth is slowing down; emerging Asia and South-East Asia (SEA) in particular are growing fast again and can benefit from the China-US trade war due to the need to diversify and de-risk the supplier base.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">We need to change the way the CPO is seen by the organisation: from Chief Procurement Officer to Chief Partnership Officer, from business enablement to acceleration, from optimisation to maximisation.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"auto\">The number one key lever in Procurement is to \u201cretain external advisory\/consultants to harness expertise\u201d<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"auto\">Procurement is not meant to be a roadblock; we should not prevent our stakeholders from spending their budget, but we should make every single dollar spent work as hard as ten! <\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-26259 aligncenter\" src=\"https:\/\/www.argonandco.com\/wp-content\/uploads\/2023\/12\/53346565033_dd2c003059_c-300x200.jpg\" alt=\"\" width=\"553\" height=\"368\" srcset=\"https:\/\/www.argonandco.com\/wp-content\/uploads\/2023\/12\/53346565033_dd2c003059_c-300x200.jpg 300w, https:\/\/www.argonandco.com\/wp-content\/uploads\/2023\/12\/53346565033_dd2c003059_c-768x512.jpg 768w, https:\/\/www.argonandco.com\/wp-content\/uploads\/2023\/12\/53346565033_dd2c003059_c-400x267.jpg 400w, https:\/\/www.argonandco.com\/wp-content\/uploads\/2023\/12\/53346565033_dd2c003059_c.jpg 799w\" sizes=\"auto, (max-width: 553px) 100vw, 553px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-26262 aligncenter\" src=\"https:\/\/www.argonandco.com\/wp-content\/uploads\/2023\/12\/53345447654_1749ed43c7_w-300x200.jpg\" alt=\"\" width=\"552\" height=\"368\" srcset=\"https:\/\/www.argonandco.com\/wp-content\/uploads\/2023\/12\/53345447654_1749ed43c7_w-300x200.jpg 300w, https:\/\/www.argonandco.com\/wp-content\/uploads\/2023\/12\/53345447654_1749ed43c7_w.jpg 400w\" sizes=\"auto, (max-width: 552px) 100vw, 552px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-26265 aligncenter\" src=\"https:\/\/www.argonandco.com\/wp-content\/uploads\/2023\/12\/1699500813594-300x225.jpg\" alt=\"\" width=\"551\" height=\"413\" srcset=\"https:\/\/www.argonandco.com\/wp-content\/uploads\/2023\/12\/1699500813594-300x225.jpg 300w, https:\/\/www.argonandco.com\/wp-content\/uploads\/2023\/12\/1699500813594-1024x768.jpg 1024w, https:\/\/www.argonandco.com\/wp-content\/uploads\/2023\/12\/1699500813594-768x576.jpg 768w, https:\/\/www.argonandco.com\/wp-content\/uploads\/2023\/12\/1699500813594-400x300.jpg 400w, https:\/\/www.argonandco.com\/wp-content\/uploads\/2023\/12\/1699500813594.jpg 1170w\" sizes=\"auto, (max-width: 551px) 100vw, 551px\" \/><\/p>\n","protected":false},"featured_media":0,"template":"","region":[160,162,273],"class_list":["post-26258","event","type-event","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Conference: Asia Pacific Procurement Congress - Argon &amp; Co<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.argonandco.com\/en\/news-insights\/events\/conference-asia-pacific-procurement-congress\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Conference: Asia Pacific Procurement Congress - Argon &amp; Co\" \/>\n<meta property=\"og:description\" content=\"Recently the Singapore and Hong Kong teams attended the Asia Pacific Procurement Congress, the two-day conference which took place in Singapore on the 8th &amp; 9th November.\u00a0\u00a0 The must-attend event for CPO\u2019s and senior procurement professionals showcased leading examples of how businesses could translate their quest for value into impact and provided attendees with the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.argonandco.com\/en\/news-insights\/events\/conference-asia-pacific-procurement-congress\/\" \/>\n<meta property=\"og:site_name\" content=\"Argon &amp; 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