EP 34 - Victoria’s Secret’s Former CFO Tim Johnson on Building a Cost-Centric Culture

EP 34 - Victoria’s Secret’s Former CFO Tim Johnson on Building a Cost-Centric Culture

LogicSource Board Chairman & Former CFO of Victoria’s Secret Tim Johnson's three-pillar methodology for collaborative cost cultures centers on objective third-party benchmarking, transparent measurement systems, and positioning procurement teams as strategic partners at the decision-making table. His approach consistently delivered results by focusing resources on growth and innovation rather than headcount reduction.

His organizational structure insights prove equally valuable: he advocates for indirect procurement reporting through finance rather than operations, citing the analytical rigor and accountability that finance leaders bring to cost initiatives. This ensures savings actually flow through P&L statements rather than disappearing into budget assumptions.

Topics discussed:

  • Building cost-conscious cultures through collaboration rather than budget cuts to fund growth and innovation initiatives.
  • Implementing three-pillar methodology: objective third-party data, transparent measurement systems, and strategic partnerships.
  • Addressing the "episodic problem" where companies go to market infrequently versus specialized providers' continuous benchmarking.
  • Positioning indirect procurement under finance leadership for analytical rigor and P&L accountability.
  • Creating regional micro-distribution centers using closed retail spaces to accelerate store remodeling timelines and reduce project delays.
  • Applying indirect procurement frameworks across industries through common spend categories and benchmarking approaches.

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Episoder(58)

EP 58 - Emory Healthcare's Noah Dunlap On Building A Three-Tier Supply Chain Transformation Framework

EP 58 - Emory Healthcare's Noah Dunlap On Building A Three-Tier Supply Chain Transformation Framework

Noah Dunlap, Chief Supply Chain Officer at Emory Healthcare, walked into a federated, fragmented supply chain and built a three-tier transformation framework: foundation, optimization, innovation. Eig...

18 Aug 44min

EP 57 - Cleveland Clinic's Stephen Downey On Centralizing, Standardizing, And Automating Supply Chain

EP 57 - Cleveland Clinic's Stephen Downey On Centralizing, Standardizing, And Automating Supply Chain

Cleveland Clinic performs 300,000 surgeries a year and processes 80,000 instrument sets. Stephen Downey manages the supply chain behind all of it through three words: centralize, standardize, automate...

5 Aug 43min

EP 56 - Johns Hopkins Medicine's Burton Fuller On Building The Data Foundation To Measure Every Facet Of Supply Chain Performance

EP 56 - Johns Hopkins Medicine's Burton Fuller On Building The Data Foundation To Measure Every Facet Of Supply Chain Performance

Eric O'Daffer speaks with Burton Fuller, Vice President and Chief Supply Chain Officer at Johns Hopkins Medicine. Burton's team is connecting case schedule data from the EHR to their demand planning f...

14 Jul 34min

EP 55 - University of Vermont Health's Charlie Miceli On AI As The New ERP In Healthcare Supply Chain

EP 55 - University of Vermont Health's Charlie Miceli On AI As The New ERP In Healthcare Supply Chain

When over 250,000 patients are mortally injured by medical error annually, supply chain has a direct stake that most organizations underestimate. Charlie Miceli, Former VP Network Chief Supply Chain O...

30 Jun 30min

EP 54 - Grady Health's Kevin Gordon On The Back-To-Basics Approach To Rebuild Supply Chain Credibility

EP 54 - Grady Health's Kevin Gordon On The Back-To-Basics Approach To Rebuild Supply Chain Credibility

When Kevin Gordon joined Grady Health System four years ago, he inherited a supply chain function that lacked credibility, documented processes, and modern technology. Before asking for a single dolla...

16 Jun 32min

EP 53 - Piedmont Healthcare's Ben Haygood on Why Consolidating Vendors Can Cost Patients More Than It Saves Your Org

EP 53 - Piedmont Healthcare's Ben Haygood on Why Consolidating Vendors Can Cost Patients More Than It Saves Your Org

Ben Haygood built his healthcare supply chain career from the ground up, starting on third shift stocking an ER at 19. Now, as Director of Strategic Sourcing at Piedmont Healthcare, the largest health...

26 Mai 32min

EP 52 - REHVÉAL's Regine Honore Villain on Flipping the Sourcing-to-Adoption Ratio

EP 52 - REHVÉAL's Regine Honore Villain on Flipping the Sourcing-to-Adoption Ratio

Regine Honoré Villain spent 30 years inside complex enterprise environments watching brilliant strategies get handed off and quietly die. Not because the strategy was wrong, but because nothing was bu...

20 Mai 34min

EP 51 - Multicare's Jason Moulding on Building Strategy around People, Process, Performance, & Partnership

EP 51 - Multicare's Jason Moulding on Building Strategy around People, Process, Performance, & Partnership

Jason Moulding, Chief Supply Chain Officer at MultiCare Health System, has spent 25 years building toward a supply chain function that leads M&A integrations, runs enterprise performance analytics, an...

5 Mai 29min

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