admin Procurement is one of the vital operational elements of an organization. Procurement is rarely recognized for its importance within an organization and is widely known for providing vendors as well as customers with good results.
Sylvie Noel, the Chief Procurement Officer of Covéa, in an interview stresses on her belief that ne needs a very tough mentality and strong character to face that harsh truth. Her advice regarding the field of procurement to those who wish to work in the field is, “one should not go into it looking for recognition.” Despite several harsh reality checks, Sylvie has earned enormous recognition for her immense contribution to the organization. At Covéa, she is recognized for propelling the company towards growth and success and nurturing its organizational values for a greater cause.
A Poignant Foundation
In the year 1999 Covéa was created. During the first half of the 20th century Covéa was conceived of three strong brands that are widely recognized by customers, including a sound culture of client-centricity, prudence and long-term horizon.
MMA is the older company that was established in 1828 before the three main companies were formed 1999. From the birth of Assurances Mutuelles de France in 1819 to the signing of the Statute Commune in 2017, the Covéa ’s history spans two centuries. Over the second half of the 20th century, the three mutual widespread in the French market—conquering firm position with an acute network over the whole territory. Each of them developed smoothly abroad, creating and or buying international subsidiaries.
History records mention that in 2003, two of the three mutual (MAAF and MMA) gathered their strengths by creating Covéa SGAM. The first SGAM created in France introduced solidarity links and a common strategy. In 2012, the creation of Covéa Cooperation’s sealed the merger of their financial power and operating capabilities. In 2017, the group unified the working status of all its employees, through the signing of Statute Commune agreements.
“One should not go into the field of procurement looking for recognition.” Sylvie Noel, Chief Procurement Officer at Covéa.
About the CPO – Sylvie Noel
Sylvie remarks herself as a ‘builder’. And as the CPO of Covéa, Sylvie is entrusted with various vital duties and responsibilities within the company.
Sylvie is known to be a leader and by utilizing her double competency, commercial and CPO, Sylvie gains a wilder view on what might be necessary for a business unit. “I am mostly in procurement but of course with the direct link with the supply chain,” states Sylvie.
As a leader, Sylvie has taken up the following responsibilities:
- Completely changing the purchasing process, including new IT System, on a large spectrum.
- Changing management purchasing behaviour of managers.
- Implementing new procedures and compliance.
- Directing report to President of Covéa purchasing.
- Coordinating with senior and functions managers.
- Assessing existing functions at a very detailed level.
Sylvie also spearheads and manages the team of Covéa. Her team is based in 6 different subsidiaries. Comprising of almost 60 members, she expresses gratitude for being fully digitalized and to be able to share constantly with all the team members. Speaking of challenges, she remarks that she does not have much choice as to face these challenges. “On top of everything, I love these challenges,” quotes Sylvie.
“Our strategy, which is inspired by our mutualist values, delivers on the ambitions of a leading group that is mobile and committed.” Covéa Team.
The Diligent Expertise of Sylvie for Covéa
Sylvie is known for her input in every effort to make Covéa’s offers and expertise accessible to as many people as possible.
The company’s mission is to provide the best insurance experience to its clients as well as customers, also while Sylvie makes sure it is attentive to society and its advances in order to develop tools to facilitate the daily lives of individuals, while enabling them to benefit from the offers and services at favourable rates all year around.
Till now, the company has made nearly 2500 points of sale throughout France using simple and useful cover and services over responsive and networking platforms and by providing a plethora of accessible offers and expertise, under the leadership of Sylvie
Exploring the Present & Enhancing the Future
Sylvie explores that supply chain industries have considerably moved into a key function over the years. Procurement is in link with the supply chain; however, the significant changes are mostly an improvement or even more, that are caused due to digitalization.
With the rampant transition of companies to digitalization numerous trends have emerged with promising potentials and the ability to transform the face of the industry. Speaking of the emergence of such latest trends, Sylvie remarks that supply chain and procurement are going to work even more tightly. With the advent of such trends that has the potential to shape and influence the industry, she further adds that the team of Covéa will keep on digitalizing to optimize.
Covéa’s procurement solution manages the needs of over numerous users—with access to over thousands of suppliers on robust as well as fully digitized platform. Additionally, Sylvie can also easily upgrade the access level of anyone on her team.
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