Richard Stack

VP, Value Engineering
SAP Ariba

Richard is Director, Value Engineering for SAP’s Procurement Line of Business responsible for client procurement transformation in a digital world. His thought leadership enables organizations to embrace the value of using business networks throughout the entire value lifecycle; from simple indirect procurement and payment to digital supply chain collaboration for direct materials. Richard joined SAP Value Engineering in 2013 to work with SAP’s most strategic customers in Canada and the US. Prior to joining SAP, Richard worked in the life science, chemical and higher education industries, including various finance, procurement and supply chain leadership roles at Boston University, W.R. Grace, Millennium Pharmaceuticals and DuPont. Richard holds a Master’s in Finance from Fairfield University and a Bachelor’s degree from the College of the Holy Cross in Chemistry and Economics. Richard is a Certified Professional in Supply Management (CPSM). He is based in Wayland, MA near Boston.

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Using Procurement to Drive Value in Today’s Fluctuating Pharma Industry

Sunday, November 5th, 2017

10:45 Welcome to the Future of Procurement: Vision 2020

Imagine it's the year 2020. Procurement has evolved so much over the past decade, you barely recognize it. Its functions have been decentralized – or outsourced! – leaving leadership to focus on very different things. Job descriptions have changed dramatically. What's more, suppliers seem to have infiltrated the organization. Today’s focus on cost savings will give way to a broader, more balanced emphasis on profitability, leaving open the question of whether supply management concentrates on cost savings or revenue growth to get there.