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In this issue Who’s In Charge? Marketing or Procurement? Can Procurement Fix Madison Avenue’s Mess? David Little on Marketing Procurement – Episode 7 Managing Marketing: The changing role and challenges of global procurement Logo

Newsletter 27th June 2018

Welcome to the June edition of TrinityP3's e-news

Who’s In Charge? Marketing or Procurement?

Whether you’re a client looking for marketing services, or an agency pitching your wares, the question of who’s really calling the shots can be a pivotal one. On the one hand, the organisational perspective might be that marketing teams are evaluated on and are seeking things like improved performance, chemistry harmony between teams and agencies, creative brilliance and / or strategic smarts. On the other, client procurement teams are likely going to be evaluated on things like cost based efficiencies, savings, synergies and risk mitigation. And with those perspectives, it’s hardly any wonder marketing and procurement teams can find themselves at odds with each other, leaving potential agency partners a little bewildered as to who’s really calling the shots. Read more here.    

Can Procurement Fix Madison Avenue’s Mess?

Ad agencies view procurement’s growing power with horror. Procurement is the acknowledged enemy. This short-sighted view of procurement may doom agencies to further attacks. What agencies (as suppliers) have ignored is procurement’s historical mission and success as an engine for positive change that focuses on “quality improvements,” not just cost-reduction. Procurement drove the “lean production” innovations that allowed the U.S. automotive business to compete successfully with the Japanese car companies after 1980. Procurement led the advances in supply chain innovations that saw the empowerment, rather than the enfeeblement, of suppliers. Read more here.  

David Little on Marketing Procurement – Episode 7

In this episode Darren Woolley is joined ‘On the Couch’ by the marketing procurement expert, David Little where we discuss:
  • What are the similarities between refrigeration and marketing procurement?
  • What are the main procurement differences for marketing?
  • What draws you professionally to marketing?
  • What if procurement is simply about cost reduction?
  • Where do you add value to the marketing process?
Watch the video here.    

Managing Marketing: The changing role and challenges of global procurement

In this episode of the Managing Marketing podcast, Steve Lightfoot, who at the time was Senior Manager, Global Procurement at the World Federation of Advertisers, discusses with Darren the challenges faced by global procurement teams and the role they will increasingly play in risk management, and assisting global marketers in dealing with the huge complexity and differences of the global market on a market-by-market basis. Read more here.    

Free Downloads and Guides

Get you free procurement downloads here including: Marketing Procurement Health Check The TrinityP3 ‘Marketing Procurement Health Check’ is designed to allow you to chart your marketing procurement capabilities. Television Advertising Production Governance Guide The TrinityP3 ‘Television Advertising Production Governance Guide’ allows advertisers and their procurement teams quickly and conveniently to identify the areas of risk to good governance and due diligence in your television advertising production process. The Ultimate Guide to Digital Marketing in a Data-Driven World TrinityP3 is proud to share The Ultimate Guide to Digital Marketing in a Data-Driven World. This definitive guide has over 27,000 words featuring insights, tips, observations, tools, platforms, strategies and much more.    

The most popular concepts in marketing procurement

“The posts by Darren Woolley and the TrinityP3 team are critical insight. First of all, they provide a glimpse from a unique place in the world — Asia – and yet are truly universal. The collection of top posts gives professionals in our industry fantastic “food for thought” as we go about our hectic lives. He and the team are truly well respected experts and their intelligence is world class”.

Sopan Shah, VP Procurement, InterContinental Hotels Group

“Trinity P3’s Top 50 Marketing Management Posts is a wonderful collection of well-written, insightful blog posts by Darren, his team, and guest writers. They deal head-on with some of the most timely and on point challenges in the industry. Whether you’re a client leader, an agency leader, or industry consultant, this book is a “must read”.

Debra Giampoli, Director, Global Strategic Agency Relations, Mondelez International

Find out what they are talking about here. Or buy the latest copy here.

What's Hot

Here are the most read, most shared and most commented on articles from the TrinityP3 blog in the past month:

  1. Technology, Business and Society make a trinity. Will marketers respond with maturity?
  2. Top 5 dumb ways to use data in marketing
  3. Who are the real victims in the lack of transparency in advertising production?
  4. We’re Like Collaborating, Right?
  5. When is agile marketing not Agile Marketing?
  6. Managing Marketing: The impact of data and technology on customer retention and acquisition
  7. What Happens When the Magic of Creativity No Longer Works?
  8. Retained AOR or project fees? Which one is best?
  9. Is ZBB (Zero-Based Budgeting) Mismanaged by Advertisers?
  10. How To Manage The Politics of Agency Search
 
If you would like assistance or advice on any aspect of your marketing spend, contact us today for a confidential discussion. In other news Click here to view TrinityP3 testimonialsBusiness Events Click here to view up coming business eventsAre you working at an Agency? Keep your Agency Register details up to date. Click here

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