How long would it take you if your CEO came and asked how many suppliers you have based in Russia? How long would it take to give the risk profiling of those suppliers with a contingency plan?
Those two questions were posed by host Stephany Lapierre during a panel at DPW. The only person in the room answering differently, citing quick access to the information, was Ralf Peters. So he shared with Stephany how he has set up procurement at Coca-Cola Europacific.
Ralf deals with the sort of fast moving supply demand that requires exacting speed and agility from procurement. He also must ensure that suppliers meet the company’s sustainability agenda which requires their being onboard with Coca-Cola’s digital environment. He keenly understands the need for good data and analytics to work in efficient alignment.
Show host Stephany Lapierre and guest Ralf Peters discuss the meaning of good data and the niche products Ralf has integrated into the end-to-end source-to-pay suite solution that specifically ensure protections in the realm of integrity and risk sensing. Ralf very much speaks the same language as Stephany and views data similarly.
Additionally, in this episode, Ralf Peters shares his knowledge and insight on the following:
- Why procurement teams must have the ability to not only select solution providers quickly, but pilot, implement, and embed the systems to jumpstart innovation
- How a digital environment defines Coca-Cola’s global system of suppliers’ alignment with sustainability agendas
- How he views data as an “endless universe of insights” which informs the company’s vision and strategy
About Ralf Peters:
Ralf Peters is a business leader with 27 years of experience within FMCG across finance, sales and procurement with different entities within The Coca-Cola System. He has worked and lived in 5 European capitals (Berlin, Athens, Prague, Bratislava, London) and he “has been blessed and honored to lead and be part of great teams across the business working with passionate customers and innovative suppliers”. He is currently heading the procurement function as Vice President for Coca-Cola Europacific Partners (CCEP) and also assuming the role as Chairman of CEPG, the global procurement consortium for the entire Coca-Cola System. He is very passionate about sustainability across the system, working towards a world without waste and turning CCEP into a Net Zero Emission company by 2040, ten years ahead of the Paris Climate Agreement recommendation.
Resources in this episode: