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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Avsnitt(62)

EP 62 - Parkland Hospital's Pamela Bryant on Consolidating Purchased Services Volume and Deciding What Goes Out to Bid

EP 62 - Parkland Hospital's Pamela Bryant on Consolidating Purchased Services Volume and Deciding What Goes Out to Bid

Does every purchased service need to go out to bid? At Parkland Hospital, Pamela Bryant, SVP, Supply Chain Management and an incoming Bellwether League Hall of Fame inductee, uses evaluation committee...

6 Okt 40min

EP 61 - Herbalife's Douglas Krieger On Why Keeping The Seat At The Table Is The Real Work

EP 61 - Herbalife's Douglas Krieger On Why Keeping The Seat At The Table Is The Real Work

Douglas Krieger, Sr. Director Global Strategic Sourcing at Herbalife, sees procurement's seat at the table differently than most. Getting it is the easy part. Keeping it requires showing up with value...

22 Sep 43min

EP 60 - Novant Health's Mark Welch On Preparing His Supply Chain Team To Operate At $20 Billion Scale

EP 60 - Novant Health's Mark Welch On Preparing His Supply Chain Team To Operate At $20 Billion Scale

Mark Welch has led Novant Health's supply chain for 21 years, helping scale the system to $12 billion in revenue. Working without a dedicated medical director in supply chain, he built a model where s...

8 Sep 41min

EP 59 - Ferrara's Kristen Coar On Aligning Procurement To What Your CEO Actually Wants

EP 59 - Ferrara's Kristen Coar On Aligning Procurement To What Your CEO Actually Wants

Kristen Coar, Vice President of Global Procurement at Ferrara, stopped measuring savings on the direct side. Her procurement organization targets on-time delivery, supply chain flexibility, and market...

27 Aug 40min

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 Juli 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 Juni 30min

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