In this episode of Powering Procurement, hosts Sian Lloyd and Gareth Burch are joined by Nadia Stoykov, Chief Procurement and Supply Chain Officer at Tesca Group, to share her unconventional journey from law to procurement, why procurement deserves a seat at the strategic table, and how companies can unlock massive value by rethinking their procurement approach.
With decades of experience spanning legal, financial, and commercial roles, Nadia brings a uniquely all-round perspective to procurement transformation and strategic supplier relationships. Her expertise lies in breaking down organizational silos, building high-performing teams, and leveraging procurement as a strategic driver of business value. Before joining Tesca Group, Nadia held leadership roles at companies such as Ahlstrom, Nyrstar, Bristlecone, Valspar, IDEX, and Dow Chemical.
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Episode Highlights:
- [10:52] - Procurement's Power Play: Successful procurement starts with people. Before diving into digital tools, companies must position procurement strategically, build a skilled team, and foster strong supplier relationships. Procurement professionals are the face of the company, just like sales teams, representing its values and building trust. Strong communication, meticulous negotiation, and ongoing supplier engagement are essential. Data and technology are powerful, but only if the right people know how to interpret and act on them.
- [23:51] - The Key to Procurement Success: A strong procurement leader ensures their team understands both the big picture and their specific impact within an organization. Communication is key: missing details can cost companies dearly. While AI and automation can handle tedious tasks, true value comes from human relationships, strategic negotiations, and creative problem-solving.
- [40:21] - Procurement's Secret Weapon: The best procurement professionals think like salespeople. Stepping into the salesperson's shoes and understanding their goals allows procurement teams to negotiate smarter, securing better terms like consignment stock, improved packaging, or extended payment terms. It's about finding a true win-win, balancing assertiveness with relationship-building. Push too hard, and you risk burning bridges; collaborate strategically, and you create long-term success.
Episode Resources:
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