#82 - The Last and Next Chapter for Procurement as shared by Michael Stietz

In this full-on, bold interview, Michael Stietz, SVP and Chief Procurement Officer of Korber, sheds light on how the procurement function has changed over the past few decades and since the Covid-19 pandemic ensued in March of 2020. Michael shares with us his advice on navigating the trade-off between cost reduction, quality, and supplier-led innovation for competitive advantage and gives us a rundown of the next chapter for procurement and his golden rules for digitization.   About The Speaker Michael Stietz is Senior Vice President & Chief Procurement Officer of Körber AG in Hamburg, Germany. Michael is responsible for the management and development of the Group Procurement and Supply Chain Management function. For more than 15 years, he has been working in various Operations, Procurement, SCM functions. He is the initiator and co-founder of the first Procurement Chair at the University of Mannheim, Germany, and a guest lecturer at the Universities of Mannheim, Berlin, and Karlsruhe.