144: How Newell Brands Makes Procurement Analytics a Competitive Advantage, w/ Jonathan Grant & Ben Szostek

Today I have a really insightful interview to share with Jonathan Grant and Ben Szostek, two senior leaders within the procurement group at Newell Brands. Jonathan and Ben have been on a journey to bring advanced analytics capabilities to Newell Brands, delivered through a center of excellence model. In today's discussion, we talk about some of the tactics they use, from clean sheet costing and cost modelling to negotiation fact packs which is a concept I really like. You will also hear examples of different sources of data used, the skill sets necessary to build out a team like this, and how advanced analytics are being applied to both Direct and Indirect areas of spend. If you have an interest in understanding how you can build an advanced analytics capability, this is a must listen!