The economic and geopolitical landscape in recent years has made sustainable cost reductions more crucial than ever, with many procurement departments facing the challenge of achieving double-digit savings targets. As traditional cost down programmes often fall short of expectations and yield minimal or no further savings, a new approach to cost reduction is essential. Join this webinar to learn:

• Why conventional cost down programmes fail to meet their targets.
• How game theory and behavioural economics can help you achieve above-average cost savings.
• How procurement can become the driving force behind value creation and cost innovation.

 

As countries worldwide increasingly implement supply chain acts to regulate and enhance social and environmental responsibility, the European Union is set to introduce its Corporate Sustainability Due Diligence Directive (CSDDD) in 2025. This follows the example set by nations like France, the UK, and Germany. The CSDDD challenges companies to ensure comprehensive due diligence along their supply chains. Join this session and gain valuable insights on:

• How you can use targeted monetary and non-monetary incentives to motivate suppliers to comply with regulatory requirements and save resources.
• Solutions that are designed to be highly flexible to maintain adaptability to potential changes in the law.
• Innovative methods to best optimise your risk management, risk analysis, prevention measures and remedial measures.
• How to make your supply chain ethically responsible, legally compliant, and economically efficient.

 

The introduction of the Supply Chain Due Diligence Act (LkSG or Lieferkettensorgfaltspflichtengesetz) in Germany marks a significant shift in supply chain regulations, emphasizing the importance of social and environmental responsibility. The LkSG presents companies with the challenge of ensuring comprehensive due diligence along their supply chains. During the webinar, you will deepen your understanding of the LkSG, gain valuable insights and practical knowledge on:

• Innovative and incentive-driven solutions for comprehensive due diligence along supply chains.
• Motivating suppliers to comply with legal requirements through targeted monetary and non-monetary incentives.
• Optimizing risk management, risk analysis, preventive measures, and complaint procedures.
• Ethical and responsible management of supply chains while maintaining economic efficiency.
• Preparing your company to meet the current and future demands of the Supply Chain Due Diligence Act.
• Concrete examples of successful implementation strategies.

Please note that the session was held in German.

In technologically dynamic environments, companies must continuously evolve and seek innovative solutions to remain competitive. However, when technological uncertainty is high, sourcing innovative products and technologies represents a huge challenge. As conventional procurement strategies oftentimes operate in too narrow frameworks, more flexible strategies are needed to maximise innovation and minimise technological risks. Join this webinar to learn:

• how game theory can help you to find the right collaborative partners with enlightening ideas and new technologies to jointly develop the next big thing
• about practical solutions on how to define and implement a flexible procurement strategy that best enables innovative and novel solutions
• how Procurement can become a driver of innovation

Staffing is a traditional HR topic, but today more relevant than ever. Digitalisation, flexible work models, employees seeking more participation and, last but not least, COVID19 present HR departments with a host of new challenges and call for new approaches. Such an approach is matching theory, an economic theory which was awarded with the 2012 Nobel Prize. Insights from matching theory are applied in various fields today, but are little known in HR. If you are looking for a kindergarten for your child, need an organ transplant, or are applying for a job at Google, the underlying assignment process could be based on matching theory, without you knowing it. Matching theory is used here in order to create better and fairer matchings in less time for the benefit of all participants. This raised a natural question: Why shouldn't we apply this proven methodology to labour markets in order to achieve better results? In our webinar, we will - look into some examples of successful applications of matching theory - explain the basic concepts - and discuss where and how this can be used in HR to make better staffing decisions. In addition we will present a lighthouse case in which we used matching theory at a DAX-company to jointly design an internal job market.