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Smarter Sourcing
Smarter Sourcing
32 episodes
4 days ago
The Smarter Sourcing podcast is dedicated to helping sourcing, procurement, and finance leaders elevate their influence and get their seat at the table. Each episode features conversations with innovative leaders, sharing best practices, lessons learned, and actionable insights you can apply immediately. Whether you’re focused on procurement strategies, supply chain optimization, or aligning financial goals with operational excellence, this podcast will leave you with actionable insights that you can immediately put to work.
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All content for Smarter Sourcing is the property of Smarter Sourcing and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
The Smarter Sourcing podcast is dedicated to helping sourcing, procurement, and finance leaders elevate their influence and get their seat at the table. Each episode features conversations with innovative leaders, sharing best practices, lessons learned, and actionable insights you can apply immediately. Whether you’re focused on procurement strategies, supply chain optimization, or aligning financial goals with operational excellence, this podcast will leave you with actionable insights that you can immediately put to work.
Show more...
Technology
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EP 28 - UF Health's Dawn Watkins on Building Mutual Incentive Partnerships With Suppliers
Smarter Sourcing
30 minutes
2 months ago
EP 28 - UF Health's Dawn Watkins on Building Mutual Incentive Partnerships With Suppliers
Dawn’s journey from forklift operator at Honda to directing strategic sourcing for over a billion dollars in non-labor spend reveals how manufacturing discipline translates to healthcare procurement. She brings Honda’s core principle of ”removing waste before adding complexity” and her MBA professor’s warning to ”don’t pave the cow path” — meaning never automate broken processes without first questioning what truly adds value. Her practical approach includes everything from streamlining supplier invoice corrections (reducing two actions to one) to building mutual incentive partnerships where both UF Health and suppliers benefit from shared success metrics, all while navigating the unique constraints of a regulated industry where you can’t simply pass costs to patients.  Topics discussed: - Moving from historically independent decision making to centralized procurement across 12 hospitals and 3,000 patient beds, including the governance structure involving C-suite leaders to guide category prioritization and strategy. - The principles of ”removing waste before adding complexity” and ”don’t pave the cow path” philosophy — questioning what truly adds value rather than simply automating existing inefficiencies. - Creating enterprise-wide collaboration through operational leaders who serve as scaffolding during transformation, ensuring no procurement decisions are made without direct input from clinicians and patient care providers. - Building intelligence through supplier relationships and global monitoring services to assess tariff risks, country of origin impacts, and geopolitical disruptions across 100,000+ unique items. - Operating in a regulated industry where revenue doesn’t always cover basic expenses, making cost pass-through to patients impossible while maintaining 24/7 service demands without downtime. - Developing supplier relationships built around shared measurable outcomes where both UF Health and suppliers benefit from aligned success metrics. - Systematically identifying opportunities to consolidate products across previously independent hospitals while aggregating purchasing volume for better pricing and supply risk mitigation.
Smarter Sourcing
The Smarter Sourcing podcast is dedicated to helping sourcing, procurement, and finance leaders elevate their influence and get their seat at the table. Each episode features conversations with innovative leaders, sharing best practices, lessons learned, and actionable insights you can apply immediately. Whether you’re focused on procurement strategies, supply chain optimization, or aligning financial goals with operational excellence, this podcast will leave you with actionable insights that you can immediately put to work.