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Jay Sklar

Chief Procurement Officer
Hub International Limited

Jay Sklar is the Chief Procurement Officer for HUB International Limited, where he is responsible for implementing a long-term procurement program to leverage HUB’s buying power across a historically decentralized organization that has grown rapidly via acquisitions.

Jay brings more than 20 years of experience in procurement, strategic sourcing, supplier diversity, and real estate. Most recently, he was Vice President of Procurement and Real Estate for Orbitz. Prior to that, Jay held various procurement-related roles at Aon, BankOne (now JPMorgan Chase), Waste Management, and A.T.Kearney.

Jay earned a Bachelor of Arts, with Honors, from Northwestern University, and a Masters of Business Administration from Kellogg / Northwestern University.

Check out the incredible speaker line-up to see who will be joining Jay.

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Practitioners-Only Day—The Road to 2020

Friday, February 9th, 2018

09:15 Finding a Common Ground Between Hard and Soft Savings Requirements

Solving the disconnect between finance, who only wants to see bottom-line savings improvement, and sourcing, who believes that any costs taken out of a contract should be considered savings, is a perennial headache for procurement practitioners. In this working group, you’ll put your heads together and develop strategies for potentially solving this conflict.

•Why doesn’t a standard definition for savings exist across departments and organizations? Should there be one?

•Reinvestable vs harvestable savings- should you only take on projects that will be recognized?

•Changing incentive structures so procurement has reason to tackle soft savings

•Methodologies for tracking savings

•Getting procurement, finance, and the stakeholders in alignment- can it be done? Should it?