digital tools

Welcoming new member Adrian Blake

Umbrex is pleased to welcome Adrian Blake with Portrane House.  Adrian spent five years as a digital specialist at Partners in Performance, focusing on using digital tools to drive Operational Improvement.

Prior to PiP, Adrian led the Advertising Business Group of DTN in its turnaround for private equity investors, including serving as Publisher of The Progressive Farmer, the world’s biggest agricultural magazine.

He spent 6 years at McKinsey & Co., specializing in Media & Entertainment. He began his career in the Entertainment industry, leading global distribution of Saturday Night Live and Comedy Central.

He graduated from Harvard College and has an MBA from Wharton. He lives in Omaha, Nebraska with his wife and 3 children, where he plays tennis and leads an Irish traditional band. Adrian is happy to collaborate on projects involving digital media and operational improvement.

Best-practice Purchasing & Value Creation

Michael Wise recently co-authored this article for McKinsey that explores how best-practice purchasing is now an even more potent source of value creation for private-equity leaders.

A careful review of purchasing is typically part of any private-equity (PE) playbook, with procurement savings factoring prominently into 100-day and longer-term business plans. As part of the process, procurement professionals are typically charged with finding and acting on low-hanging opportunities like requesting price reductions and volume discounts from suppliers. Leading PE firms are adopting a more comprehensive and transformative approach, powered by new digital and analytical tools, that can lift earnings before interest, taxes, depreciation, and amortization (EBITDA) by 20 percent within six months. These tools, combined with the right approach and methodologies, enable rapid sizing and capturing of the opportunity, permanently changing the way investment and management teams look at procurement—and other aspects of operations

In this article, we will describe the new approach, focusing specifically on the impact that digital tools, advanced analytics, and new methodologies have had on midsize-portfolio companies in a variety of industrial sectors.

 

The article explores the following:

-Identifying value potential

-Supporting value capture with e-sourcing tools

-Four elements of success

 

Read the full article, Digital procurement in private equity: Unlocking sustainable impact, on the McKinsey and Company website