Procurement Reimagined Gatekeeper

We dive deep into the Digital Operational Resilience Act with Liam Mckenna, Partner at Mazars and Austin Kelly from Mazars. If you would like to work with Liam and Austin, please contact them here.
 
Book a call with a Vendor and Contract Management Expert here - https://www.gatekeeperhq.com/book-gk-demo-step-1
 
GATEKEEPER'S GUIDE TO VENDOR LIFECYCLE MANAGEMENT Actionable checklists, tips and best practices. Download the ebook now for FREE: https://www.gatekeeperhq.com/free-vendor-management-ebook
 
Contact Liam from Mazars here: https://www.mazars.com/Users/our-team/liam-mckenna
 
We dive deep into the Digital Operational Resilience Act with Liam Mckenna and Austin Kelly from Mazars. If you would like to work with Liam and Austin, please reach out to them here.
 
DORA (Digital Operational Resilience Act) is a new regulation that aims to address the increased digital risk organisations face. It focuses on five key pillars, including ICT risk management, incident management and reporting, digital operation resilience testing, and third-party risk. Non-compliance with DORA can damage an organisation's relationship with regulators and lead to remediation programs and penalties. Organisations need to start preparing for DORA compliance by scoping the project, conducting a gap analysis, developing a roadmap, and implementing mitigation actions. Key challenges include weaknesses in IT risk management, lack of asset management, and the need for standardised contract clauses. Organisations should take DORA seriously and not just treat it as a compliance project. They should invest in ongoing risk assessments, engage with third parties, and commit to implementing robust controls.
Key Takeaways
-DORA is a new regulation that addresses the increased digital risk faced by organisations
-It focuses on five key pillars: ICT risk management, incident management and reporting, digital operation resilience testing, and third-party risk
-Non-compliance with DORA can damage an organisation's relationship with regulators and lead to penalties.
-Organisations must start preparing for DORA compliance by scoping the project, conducting a gap analysis, developing a roadmap, and implementing mitigation actions. Challenges include weaknesses in IT risk management, lack of asset management, and the need for standardised contract clauses
-Organisations should take DORA seriously, invest in ongoing risk assessments, engage with third parties, and commit to implementing robust controls
Chapters
00:00 Introduction
00:55 Overview of DORA
06:09 Non-Compliance and Penalties
09:44 Preparing for DORA Compliance
13:16 Challenges in DORA Compliance
25:25 Key Considerations and Conclusion

Hello and welcome to another episode of Procurement Reimagined, brought to you by Gatekeeper. Joining us today is Reba Cox, Global Head of Procurement, Travel and Sustainability at MongoDB. 
Join us as Reba shares her passion for procurement and discusses the importance of adapting to the changing world and industry. Learn how to build positive relationships with stakeholders and the need for continuous improvement. Reba also explains how technology and strong relationships can significantly impact an organization's efficiency and profitability.
Reba is the Head of Procurement, Travel, and Sustainability at MongoDB and has ten years of experience growing and scaling procurement organizations. She has led all of the FinOps launches for global internal tools as the company grew to 4,600+ employees. She has a strong passion for mentoring young women and empowering them to speak up and raise their hands. Reba is currently writing a (hopefully) future New York Times Best Seller called "What a Girl Wants, How to be who you are and get what you want".
Book a call with a Vendor and Contract Management Expert here - https://www.gatekeeperhq.com/book-gk-demo-step-1
GATEKEEPER'S GUIDE TO VENDOR LIFECYCLE MANAGEMENT Actionable checklists, tips and best practices. Download the ebook now for FREE: https://www.gatekeeperhq.com/free-vendor-management-ebook
 
Key Highlights:
Why Procurement is Awesome (00:39 - 01:30)
Reba shares her passion for procurement and mentions that it is the only role in a company that allows you to learn how the company runs. As part of your day-to-day routine, you will get to interact with people from sales, operations, legal and finance teams. This gives you an insight on how they make decisions, the technology they use, and their pain areas. You can then piece this together to get a sense of how the company runs. Only procurement gives you this working knowledge across different business verticals. 
Why and How to Build Positive Relationships with Stakeholders (01:54 - 03:21)
The typical procurement workflow pivots around chasing multiple stakeholders to remove the workflow blockages. Now, think if the same stakeholders viewed you as an essential part of getting their work done, would there be fewer blockages? The way to cultivate positive relations with your stakeholders is to understand their pain points and current gaps. Next, identify the gaps as system, process, or communication issues and then fill them with efficient processes and automation. Your stakeholders will start viewing you as an asset that provides value. Go out of your way to get the vendor to sign up for a certification that your legal team requires. Provide solutions for sales in your purchase-to-pay cycle and automate routine tasks for the stakeholders. 
 
Quotes:
“I think one of the coolest things about being in procurement is that we know a little bit about everything that happens at the company”. 
“Every year, we do a big gap analysis, and we say, what's a systems issue? A process issue or communications issue”.
Curated Episode List:
If you enjoyed this episode of Procurement Reimagined, here’s a curated list of some recent episodes that you will enjoy:
A Pivot to Agile, Collaborative, and Outcome-Focused Procurement with Lauren Tennant, Founder and CEO of Horizon Seven Training [Link]
Eight Thought Leaders Share Their Insights on Procurement: A Special Compilation Episode [Link]
Navigating the Challenges of Healthcare Procurement: A Conversation with Lennart Eltzholtz, MD of Sana Einkauf & Logistik GmbH [Link]
Trusted Partner and Value Creator: Two Sides of the Procurement Coin with Milind Deepak Tailor of Diebold Nixdorf [Link]

Hello and welcome to another episode of Procurement Reimagined, brought to you by Gatekeeper. Joining us today is Anna Lakomy, Senior Strategic Buyer EMEA at Siemens.Join us as Anna shares her passion for procurement and the importance of building relationships. Anna provides valuable insights on procurement compliance, emphasizing the importance of incentivizing behavior and actively listening to others. Discover practical advice on building relationships, overcoming remote work challenges, and Anna's wish for procurement progress.Anna mentions that procurement runs in her blood, thanks to her father, who is also in procurement. Over her 13-year career in procurement, she has led procurement teams and initiatives at companies like Samsung, PwC, ABB, and Siemens. As the Senior Strategic Buyer EMEA at Siemens, her role includes strategic sourcing & procurement management with a focus on IT & IT software engineering services. She is also responsible for managing global & local projects with consideration for diverse local needs & legal regulations.Episode Resources:Anna Lakomy on LinkedInSiemens websiteDaniel Barnes LinkedInGatekeeper WebsiteBook a call with a Vendor and Contract Management Expert - https://www.gatekeeperhq.com/book-gk-demo-step-1GATEKEEPER'S GUIDE TO VENDOR LIFECYCLE MANAGEMENTActionable checklists, tips, and best practices. Download the ebook now for FREE: https://www.gatekeeperhq.com/free-vendor-management-ebookWould you or someone you know be a great fit for the podcast? Please fill out the Procurement Reimagined Guest QuestionnaireProcurement Reimagined Podcast is handcrafted by our friends over at fame.so Previous guests include Sarah Kaye of Spin, Hannah MacDonald of Monzo Bank, Dave Jones MCIPS of Procmentum Limited, Andra Fola of Solutionary Minds, Natalia Pilipchak of Mobile Tele Systems, Rees Thomas of Graze, Nadia Stoykov of Tesca Group, Canda Rozier of Collabra Consulting, Elouise Epstein of Kearney, and Matthew Booth of PM Group.Check out our five most downloaded episodes:Reimagining Procurement by Filling Implementation Gaps with Nadia Stoykov, Chief Procurement and Supply Chain Officer at Tesca GroupReimagining Procurement in an Economic Downturn with Andra Fola, Co-Founder of Solutionary MindsAligning Cost Control and Cost Cutting to Drive Value with Sarah Kaye, Vice President of Procurement at SpinReimagining Procurement as the Hidden Treasure for Business Growth with Natalia Pilipchak, Transformation and Excellence Director at Mobile Tele SystemsA Playbook for Digitalising Procurement with Rees Thomas, Head of Procurement at Graze

Looking to enhance your procurement skills and deliver value to your organization? Tune into this special episode of Procurement Reimagined, brought to you by Gatekeeper. In this episode we welcome back nine leaders in the procurement space to share their insights whilst looking at procurement from different lenses. From supply relationship management to ESG sustainability, risk management, and emotional intelligence, this podcast covers it all. Don't miss out on the valuable advice and industry trends discussed by these experts.But before we dive in, a special shout-out to our loyal audience. Our journey would not have been possible without your participation and engagement.Episode Resources:Procurement Reimagined Podcast LinkDaniel Barnes LinkedInMatthew Booth LinkedInHannah MacDonald LinkedInTom Mills LinkedIn Gary Salterpicco LinkedIn Jen Barclay LinkedInKen Adams LinkedInDavid Tollen LinkedInMilind Deepak Tailor LinkedInDave Jones LinkedInBook a call with a Vendor and Contract Management Expert - https://www.gatekeeperhq.com/book-gk-demo-step-1GATEKEEPER'S GUIDE TO VENDOR LIFECYCLE MANAGEMENTActionable checklists, tips, and best practices. Download the ebook now for FREE: https://www.gatekeeperhq.com/free-vendor-management-ebookWould you or someone you know be a great fit for the podcast? Please fill out the Procurement Reimagined Guest QuestionnaireProcurement Reimagined Podcast is handcrafted by our friends over at fame.so Previous guests include Sarah Kaye of Spin, Hannah MacDonald of Monzo Bank, Dave Jones MCIPS of Procmentum Limited, Andra Fola of Solutionary Minds, Natalia Pilipchak of Mobile Tele Systems, Rees Thomas of Graze, Nadia Stoykov of Tesca Group, Canda Rozier of Collabra Consulting, Elouise Epstein of Kearney, and Matthew Booth of PM Group.Check out our five most downloaded episodes:Reimagining Procurement by Filling Implementation Gaps with Nadia Stoykov, Chief Procurement and Supply Chain Officer at Tesca GroupReimagining Procurement in an Economic Downturn with Andra Fola, Co-Founder of Solutionary MindsAligning Cost Control and Cost Cutting to Drive Value with Sarah Kaye, Vice President of Procurement at SpinReimagining Procurement as the Hidden Treasure for Business Growth with Natalia Pilipchak, Transformation and Excellence Director at Mobile Tele SystemsA Playbook for Digitalising Procurement with Rees Thomas, Head of Procurement at Graze

Welcome to this episode of Procurement Reimagined, brought to you by Gatekeeper. Joining us today from Munich in Germany is Lennart Eltzholtz, MD of Sana Einkauf & Logistik GmbH. Join us as we discuss the challenges of procurement in the healthcare industry and the need for collaboration between procurement and medical experts. Lennart emphasizes the importance of ensuring hospitals have the necessary products at the right quality and price and highlights the difficulties of managing many medical products. He also suggests establishing cross-functional teams and building trust to make product decisions together. They also discuss the scale of procurement in healthcare and the challenges of managing relationships with powerful suppliers.Episode Resources:Lennart Eltzholtz on LinkedInProcurement Reimagined PodcastDaniel Barnes LinkedInGatekeeper WebsiteBook a call with a Vendor and Contract Management Expert - https://www.gatekeeperhq.com/book-gk-demo-step-1GATEKEEPER'S GUIDE TO VENDOR LIFECYCLE MANAGEMENTActionable checklists, tips, and best practices. Download the ebook now for FREE: https://www.gatekeeperhq.com/free-vendor-management-ebookWould you or someone you know be a great fit for the podcast? Please fill out the Procurement Reimagined Guest QuestionnaireProcurement Reimagined Podcast is handcrafted by our friends over at fame.so Previous guests include Sarah Kaye of Spin, Hannah MacDonald of Monzo Bank, Dave Jones MCIPS of Procmentum Limited, Andra Fola of Solutionary Minds, Natalia Pilipchak of Mobile Tele Systems, Rees Thomas of Graze, Nadia Stoykov of Tesca Group, Canda Rozier of Collabra Consulting, Elouise Epstein of Kearney, and Matthew Booth of PM Group.Check out our five most downloaded episodes:Reimagining Procurement by Filling Implementation Gaps with Nadia Stoykov, Chief Procurement and Supply Chain Officer at Tesca GroupReimagining Procurement in an Economic Downturn with Andra Fola, Co-Founder of Solutionary MindsAligning Cost Control and Cost Cutting to Drive Value with Sarah Kaye, Vice President of Procurement at SpinReimagining Procurement as the Hidden Treasure for Business Growth with Natalia Pilipchak, Transformation and Excellence Director at Mobile Tele SystemsA Playbook for Digitalising Procurement with Rees Thomas, Head of Procurement at Graze

Welcome to this episode of Procurement Reimagined, brought to you by Gatekeeper. Joining us today is Paula Doyle, Founder and Legal Innovation Advisor at PaLiDa. Join Daniel and Paula as they delve into the world of contracts and explore the criticality of identifying, understanding, and addressing real risks. Learn how to distinguish between real and imagined risks, the impact of definitions, and the need for simplicity and clarity in contracts. Gain insights into reimagining contracts for better business relationships and fair competition. Paula is a dynamic and inspiring leader with a keen interest in disrupting the status quo to drive efficiencies and inclusivity into economies. A lawyer by trade, she now focuses on legal innovation, with a passion for simplifying processes and designing user-centric contracts. Paula leverages technology while advising legal tech companies on product development and go-to-market positions. She has a hands-on, roll-up-your-sleeves approach and has a reputation for "just getting the job done"! If you are involved in framing procurement contracts, this episode is a must-listen!Episode Resources:Paula Doyle on LinkedInProcurement Reimagined PodcastDaniel Barnes LinkedInGatekeeper WebsiteBook a call with a Vendor and Contract Management Expert - https://www.gatekeeperhq.com/book-gk-demo-step-1GATEKEEPER'S GUIDE TO VENDOR LIFECYCLE MANAGEMENTActionable checklists, tips, and best practices. Download the ebook now for FREE: https://www.gatekeeperhq.com/free-vendor-management-ebookWould you or someone you know be a great fit for the podcast? Please fill out the Procurement Reimagined Guest QuestionnaireProcurement Reimagined Podcast is handcrafted by our friends over at fame.so Previous guests include Sarah Kaye of Spin, Hannah MacDonald of Monzo Bank, Dave Jones MCIPS of Procmentum Limited, Andra Fola of Solutionary Minds, Natalia Pilipchak of Mobile Tele Systems, Rees Thomas of Graze, Nadia Stoykov of Tesca Group, Canda Rozier of Collabra Consulting, Elouise Epstein of Kearney, and Matthew Booth of PM Group.Check out our five most downloaded episodes:Reimagining Procurement by Filling Implementation Gaps with Nadia Stoykov, Chief Procurement and Supply Chain Officer at Tesca GroupReimagining Procurement in an Economic Downturn with Andra Fola, Co-Founder of Solutionary MindsAligning Cost Control and Cost Cutting to Drive Value with Sarah Kaye, Vice President of Procurement at SpinReimagining Procurement as the Hidden Treasure for Business Growth with Natalia Pilipchak, Transformation and Excellence Director at Mobile Tele SystemsA Playbook for Digitalising Procurement with Rees Thomas, Head of Procurement at Graze