Episode description
In this episode of Trade Talks, we sit down with Kristian Ording, a seasoned professional with a 17-year tenure at Newell Brands (Rubbermaid, Sharpie, Graco, Coleman, and more). Kristian shares his deep insights into global trade and compliance, procurement strategies, and freight logistics. They discuss the complexities of managing indirect and direct spend, negotiating payment terms, and leveraging technology in international trade. This conversation dives into key aspects of global market operations and offers valuable knowledge for both industry veterans and newcomers.
00:00 Intro
00:37 Meet Kristian: A Journey in Trade
04:08 Understanding Procure to Pay (P2P)
06:19 Challenges in P2P Implementation
13:15 Negotiation Strategies and Supplier Management
16:17 Working Capital Initiatives and ERP Systems
28:19 Exploring the Freight Side
32:12 Global Transportation and Logistics at Newell
35:29 Negotiation Strategies and Market Dynamics
37:29 Value Beyond Cost: Free Days and Payment Terms
41:44 Challenges in Freight Management
57:52 Conclusion
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