Procurement Leaders Drive Change Through Innovation

Procurement leaders at top companies are driving change and innovation in their industries. At JPMorgan Chase, Jim Connell, Chief Procurement Officer and Head of Global Supplier Services, has been ranked fourth in Procurement Magazine's Top 250 Procurement Leaders list. He oversees complex third-party networks, ensuring the organisation’s spending aligns with broader business objectives while maintaining strict compliance standards.

Connell leads the company’s use of machine learning to strengthen supplier risk monitoring at scale, screening for emerging threats before they reach the balance sheet. This approach is part of JPMorgan Chase's efforts to transform its procurement function and improve efficiency.

In another development, Volkswagen Group's Karsten Schnake, Member of the Board of Management for Procurement, has been recognised as one of the top procurement leaders in the industry. Schnake has a background in aerospace engineering and has held various roles within the company, including leading the global standardisation of procurement processes and systems.

Wise, a financial technology company, is also undergoing significant changes under the leadership of Samuele Erbì, Head of Third Party Management & Procurement. Erbì transformed Wise's procurement function by leveraging AI and improving communication between different areas of the business.