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Procurement Beyond Savings

This event is over.

Procurement leaders are playing an increasingly important role in governing the purchasing of marketing-related services. Often an organization's largest indirect spend category, debates about cost versus value and marketing's intangible nature makes this one of the most complex spend areas to manage.  The complexities of marketing services procurement creates a number of challenges but with global marketing spend often running into hundreds of millions, procurement can add real value to the bottom line by implementing new processes, systems, techniques and approaches to tackle this often unmeasured and fragmented area of spend.

The goal of this course is to provide participants with the fundamentals required to explore the efficiencies of agency management in order to create cost savings, higher return on investment and better value from their advertising expenditures. Participants taking this course have a variety of job responsibilities including: financial managers working with advertising/marketing; procurement/sourcing specialists; and members within general marketing and advertising management; all of them in the end are responsible for managing the procurement process as a strategic part of business operations.

Taking this course will help you gain a clear understanding of corporate and advertising procurement strategy development and the tools needed to develop and lead initiatives designed to increase marketing/advertising efficiencies, cost savings, return on investment and as well as the building of stronger partnerships with outside vendors.  The challenge?  Marketing Procurement is full of complexities: for example striking a balance between brand building and demonstrable ROI; creating a healthy working relationship between marketers, procurement, and agencies; finding a universally accepted definition of "value," "equity" and "success." 

Despite these complexities, a handful of marketing procurement professionals have figured out how to navigate them, earning the respect of marketing business partners, agency personnel, CMOs, and CFOs alike. This course helps make you one of them.

Who is this course for?

Purchasing and supply professionals with operational responsibility for procurement as well as senior managers and budget-holders with accountability for implementing procurement.  This workshop is also designed to equip people new to purchasing with the tools and techniques to ensure effective expenditure of company and organization budgets.

Key Takeaways

  • How to strategically source Marketing investments
  • The places to look for Marketing spend efficiencies
  • Analytical frameworks and approaches used by strategy consulting firms to help identify, prioritize, and capture opportunities
  • Alternative Marketing Procurement staffing and organizational deployment models
  • Resources available for continuing education
  • Defining the key objectives of purchasing and the opportunities it creates for adding real value.
  • Types of specification, promoting and managing competition, interpreting supplier tenders and selecting the right contract terms.
  • The basics of negotiation are reviewed together with real-life case studies.

When
Begins:Wednesday, June 5, 2013 at 8:30am
Ends:Wednesday, June 5, 2013 at 5:00pm
Where

Reed Smith LLP
599 Lexington Avenue
22nd Floor
New York, NY 10022

Instructor: Brett Colbert

Brett Colbert spent over 15 years in executive management at both advertising and media agencies.  These experiences gave him the foundation and unique perspective to successfully transition to marketing procurement in 2003.  After leading Global Procurement teams at Time Warner, Nestlé and Anheuser-Busch InBev, Brett recently went back to his roots and joined MDC Partners as Chief Procurement Officer, based in their New York Innovation Centre.

Leading through diverse and challenging situations, he has a track record of accomplishments that included “glocalization” of toolkits, launches of effective operational improvement, and expansion of existing processes.

Brett attributes his ability to get things done to his unique “rock and roll” style.  He is passionate for delivering genuine value and benefits.  Driving results through collaboration is what he is all about. 

MDC is a Business Transformation Organization that utilizes technology, marketing communications, data analytics and insights and strategic consulting solutions to drive meaningful returns on Marketing and Communications Investments.

MDC’s durable competitive advantage is to Empower the Most Talented Entrepreneurial Thought Leaders to Drive Business Success to new levels of Achievement, for both our Clients and our Shareholders, reinforcing MDC's reputation as "The Place Where Great Talent Lives." 

 
Agenda

Module #

Training Module

Length

Takeaway

1

Introductions

15 min

 

2

Demystifying Marketing Procurement

1 hour

  • Defines the diverse functions of Marketing Procurement.  Marketing Procurement Org models and Leading Practices

 

BREAK

15 min

 

3

Knowing what you’re buying

1.5 hours

  • Explains what problems you are trying to solve, and looks at partner relationship management as a continuous process

 

BREAK

15 min

 

4

Break-Out Exercise:  Value vs. Cost

1 hour

  • Understanding how to create value through a client/agency negotiation exercise

 

LUNCH

1 hour

 

5

Exercise Key Findings:  How did you do?

30 min

 

6

Partnering toward mutual success

1 hour

  • Defines the DNA of good relationships and what motivates agency partners

 

BREAK

15 min

 

7

A brave new world

1 hour

  • A glimpse into the future and what it means for sustaining your new relationships

8

Course Summary, Final Thoughts and Adjournment

15 min

  • Reflects on the complexities of the space, how to make sourcing strategic,  and market proven recipes for success

9

Continuing Education and ANA Resources

15 min

  • Highlights the resources that exist to help you stay at the top of your Marketing Procurement game

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