The Thoughtful Entrepreneur: Featuring William DeVato, CEO of Arroyo Strategy
In this episode of The Thoughtful Entrepreneur podcast, host Josh Elledge speaks with the CEO of Arroyo Strategy, William DeVato. Conrad discussed the pivotal role of procurement in business success and how Arroyo Strategy is revolutionizing this function. He also discussed the evolving dynamics between suppliers and customers, noting that suppliers now need to provide value-added services and foster collaborative relationships to meet the changing needs of their customers and achieve shared success.
Key Points from the Episode:
- Overview of Arroyo Strategy's work in assisting companies with procurement needs
- Challenges of procurement, including underfunding, lack of training, and underutilization
- Importance of efficient procurement practices in saving money for large companies
- Evolving role of suppliers in providing value-added services to customers
- Insights from Conrad's experience as a professional cyclist and their relevance to business mindset
- Arroyo Strategy's evolution from a consulting firm to a comprehensive procurement services provider
- Emphasis on the importance of collaborative relationships between suppliers and customers
- Need for procurement organizations to upgrade skills, platforms, and processes
