3 Ways Ralph Lauren Accelerates Procurement

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As a leading luxury brand, Ralph Lauren is on a mission to inspire its customers to dream of a better life through authenticity and timeless style. Supporting upward of $6 billion in revenue, the procurement team at Ralph Lauren is responsible for ensuring that the company’s multiple brands are consistently represented across more than 600 locations. To keep up with high demand, the team must have complete visibility into its suppliers, contracts, and in-progress requests.

Ralph Lauren global procurement leader Juan Ahmad joined us at Conversations for a Changing World and shared his insights on driving a world-class procurement organization for the Fortune 500 company. 

Managing over $1 billion in indirect spend, Ahmad and his team provide strategic decision-making support across marketing, IT, HR, and more. Getting that proverbial seat at the table, however, didn’t happen overnight. The team spent nearly four years laying the groundwork for procurement transformation—an effort that paid dividends during the first volatile months of the pandemic. 

According to a recent chief procurement officer (CPO) survey by Deloitte, the office of procurement is undergoing widespread transformation. Catalyzed by supply chain and labor disruptions, CPOs are reevaluating their priorities in an effort to elevate the office

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