In this edition of SpendBytes, we continue our focus on bringing you a view on the unique procurement challenges posed by the COVID-19 pandemic on the companies. While the crisis has had an immediate reduction in risk appetite of organizations, leading to layoffs and shutdowns, many companies have already started their recovery process and are charting their future supply chain strategies. Several others are re-assessing their contracts and have been compelled to upgrade their technology infrastructure in order to adjust to the New Normal. We explore the dynamics of such transitions in the current times and how to deal with it for a long-term impact.
As the pandemic has necessitated drastically different norms in conducting business, we offer a few thought starters for company leaders to help them navigate through choppy waters.
The Covid-19 pandemic has brought to fore a set of critical clauses related to force majeure, liability, insurance, and termination, that usually never go into effect until unforeseen circumstances surface.
The pandemic situation has forced every company to upgrade their technology infrastructure to enable employees to work from home. The transition, however, is not an easy one.
To support procurement teams all across the globe, who are grappling to sustain current requirements, Infosys Procurement is providing critical support to companies.
Watch Srikrishna Koneru, Strategic Business Practice Head, Sourcing & Procurement, elaborating on the complimentary service in a 60-minute webinar conducted on 22nd April.
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Tim has over 20 years of demonstrated leadership, driving spend efficiency initiatives and spend management cultures for global companies. His experience in consulting as well as in operations uniquely positions him to develop and implement spend management solutions for optimal benefit realization.
He has sourced over 25 complex spend categories in Marketing, HR, Facilities, Professional Services, IT, MRO, and Logistics, totaling to over $5 billion in spends, and delivering top-quartile savings in US and Europe. Currently in his role for the APAC region, Tim sourced office supplies, chemicals, and MRO for domestic Japan, as well as China market. He also led the sourcing of automotive components for the China market.
Tim has an MBA from the Haas School of Business, University of California at Berkeley, USA. He also completed his studies in BS Mechanical Engineering at the prestigious University.