![]() If you put in our indirects in logistics, it’s even more. ![]() “We have our raw materials, which represents over 70% of the cost of goods sold. You didn’t get a lot of visibility from within the company,” he says. People went into procurement and they stayed in procurement. “If you go back to when I first came into the leadership role, procurement was more of a function and it was kind of an Island. For him, one of the biggest changes first and foremost is one of accountability. Where most find themselves moving from company to company completing procurement projects within a specific timeframe, Fisher has remained with Hexion and from this unique position he has seen firsthand the evolving perception and indeed the evolving role that procurement can have in an organization. Materials we buy must be competitively priced, but you must also adhere to high levels of safety standards and environmental standards to be a supplier of ours.”įisher is a rarity in the procurement space in that he has been Executive Vice President of Global Procurement at Hexion for 15 years. So, I don’t just go get cheap products from suppliers who run cheap sites. It all starts with that commitment to the environment and to safety. “We have plants all over the world and many types of materials, so we have to keep the plants running. ![]() If we’re not doing our job right then the business can’t do what they need to do in the markets and with the customers they want to serve.” ![]() “Our business partners understand that we have to do our job right in order for us to compete in any market. “We are a critical element of our value creation strategy,” explains Nathan Fisher, Executive Vice President, Chief Procurement Officer at Hexion. Hexion is dedicated to the safe manufacturing and supply of its products and so the company has successfully positioned its procurement function as one of the key driving forces behind this commitment. What does sustainability truly mean to a procurement function? A number of procurement professionals and organizations are increasingly shifting their focus toward sustainability and how procurement can play a key role in achieving key sustainability goals and driving real change, but how do we actually quantify what it means to procurement?įor an organization like Hexion, a leading manufacturer serving the global adhesive, coatings, composites and industrial markets through a broad range of thermoset technologies designed to “address the most pressing issues of our time,” sustainability is the very beating heart of the company and this is reflected in each and every facet of its business strategy through its “Responsible Chemistry” ethos. ![]()
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