“Savings tracking and realization”
Speaker: Elif Bozoglu, Vice President of Strategy, Operations and Procurement for Cengage
6.45pm Drinks and networking
7.30pm Dinner and discussion
Converting planned procurement savings into bottom-line benefits by tracking and managing key procurement initiatives
Finding ways to reduce costs and increase profitability in their portfolio companies is a key focus for private equity groups – which is why so many are leveraging procurement to achieve their savings goals.
Procurement spend typically accounts for up to 70 percent of revenues in manufacturing businesses and around 30 percent in services businesses. It’s often the case, however, that procurement isn’t fully optimized within an organization, presenting private equity groups with significant cost-reduction opportunities. Yet while identifying savings opportunities may be achievable, making sure these savings flow through to EBITDA can be more challenging. That’s why CEOs, CFOs and private equity companies are increasingly focusing on tracking reductions in spend to the bottom line.
About the speaker
We are pleased to announce that Elif Bozoglu, Vice President of Strategy, Operations and Procurement for Cengage, will be opening the evening’s discussions and sharing her views and experiences on how procurement can deliver bottom-line benefits. Cengage is an educational content, technology, and services company for the higher education, K-12, professional, and library markets worldwide. Owned by a private equity consortium, it has operations in more than 20 countries around the world. It is headquartered in Boston, Massachusetts, and has approximately 5,000 employees worldwide across nearly 38 countries.
Elif has more than 15 years of operational transformation experience as both an industry practitioner and a management consultant. At Cengage, she is responsible for overseeing the enterprise-level operational transformation portfolio, with programs ranging from product portfolio optimization and quality improvement to lean transformation.
Prior to joining Cengage, Elif served many years as a management consultant with McKinsey and the Boston Consulting Group, advising senior clients across the globe in restructuring and transformation programs. She specialized in sustainable spend base reduction across various industries and functions including automotive, financial services, pharma, media and telecom sectors. In addition to her operational transformation and post-merger integration work, Elif led procurement transformation programs globally, leading the spend re-sourcing efforts in the range of billions of dollars for her clients.
Situated in the historic Meatpacking District, just below the bustling High Line, L’ATELIER de Joël Robuchon New York is a restaurant from legendary Chef Joël Robuchon, who held 32 Michelin stars in his lifetime - more than any chef in history - and operated fine dining destinations across the globe.