The 3rd annual strategic commodity risk management conference

Conference:
Thursday 28th November 2013 in Copenhagen

Master class 1: Building a professional commodity risk management framework
Wednesday 27th November 2013 in Copenhagen

Master class 2: Commodity markets analysis
Wednesday 27th November 2013 in Copenhagen

The extreme volatility of commodity prices in recent years creates greater challenges than ever for procurement organisations trying to successfully manage risk and cost. Many companies are therefore in the process of intensively upgrading their commodity risk management capabilities. Leading companies understand that capability is the key driver for performance.

Risk is the mother of cost and it is the amount and quality of the risk management efforts that determine the cost level for the coming years – if the proactive risk management efforts are insufficient, no kind of category management or sourcing activities can compensate when the prices have increased with e.g. 50-60% within a years’ time or less.

Strategic commodity risk management therefore has to be integrated into your category management activities and processes in order to secure relative stability and predictability of company earnings. In a broader perspective, if done successfully, it positions procurement as a real strategic value contributor at board level and ensures procurement a more significant role in the company.

This year, DILF and Kairos Commodities invite you to the 3rd International Strategic Commodity Risk Management conference in Copenhagen November 28th. In relation to the conference, you can additionally register for two master classes:
Master class 1: Building a professional commodity risk management framework
Master class 2: Commodity markets analysis
Here you have a unique opportunity to upgrade your skills and obtain knowledge about how your company can lead in strategic commodity risk management. The conference and the master classes provide an unparalleled opportunity to:

  • Get an overview of how other European companies are working with strategic commodity risk management
  • Benchmark with the most admired companies – are you a leader or a laggard?
  • Network with peers from leading European companies
  • Attend dialogues on the key issues and opportunities with peers and subject matter experts
  • Equip yourself and your organisation with leading edge concepts for strategic commodity risk management
  • Build up your competencies by attending the master classes in connection with the conference

Who should attend?

Professionals who are about to engage or are engaged in working with commodity risk management in an enterprise risk management or procurement context. The conference and master classes address professionals at both strategic and tactical/operational levels working with commodity risk at enterprise, category, and portfolio levels in the company.

Program

8.30 - 9.00 Registration and breakfast buffet

9.00 - 9.15 Chairman's opening remarks

by CEO, Kairos Commodities A/S and DILF

9.15 - 10.15 World Economic Outlook

Chief Economist, Dr. Thomas Hueck, will in his presentation give a world economic outlook and cover aspects such as:

  • The world economy is recovering, albeit at a moderate pace
  • In contrast to recent episodes, emerging countries are facing structural challenges temporarily reducing growth

by Chief Economist, Robert Bosch GmbH (DE)

10.15 – 10.30 Break and networking

10.30 – 11.30 Competitive advantage through commodity risk management

Findus Group is a leading European food manufacturer owned by private equity company. In 2007, after having implemented category management and sourcing process, the focus on commodity risk management was strengthened. The results have been remarkable and have re-positioned the procurement function as a real strategic lever of the company’s competitive edge. The procurement journey have set different strategic agendas which have led to shifts in organizational structure and operating model.
The presentation will cover Findus’ journey with focus on price, cost, risk and innovation management.

  • Company background
  • Building the professional platform for category management and risk management
  • Governance and procedures - how to integrate with other functions
  • Change in strategic drivers – impact on procurement organization and agenda
  • Leanings and results so far

by Group Purchasing Director, Findus Nordic (SE)

11.30 – 11.45 Break and networking

11.45 - 12.45 Commodity risk management at Mahou-San Miguel

  • Introduction to Mahou-San Miguel
  • Main challenges and opportunities
  • Concept of commodity risk management
  • Hedging experiences
  • Next step in strategic commodity risk management at Mahou-San Miguel

by Raw Material Procurement Director, Grupo Mahou-San Miguel (ES)

12.45 – 13.45 Lunch

13.45 – 14.45 Strategic Commodity Risk Management – good practice – how does it look?

Get an overview of the organizational levers and enablers necessary to build a sustainable platform for coping with strategic commodity risk management and benchmark yourself against other European companies surveyed in the largest survey ever on strategic commodity risk management 2013.

  • How does companies across Europe work with Strategic Commodity Risk management and what are the best companies doing? Insight from the 2013 survey in Europe on strategic commodity risk management and experiences from +150 customers of Kairos Commodities
  • Top 5 problems with current practice
  • What must be in place in terms of strategies, policies, structures, processes, etc. in order to demonstrate good practice?

by CEO, Kairos Commodities A/S and DILF

14.45– 15.00 Break and networking

15.00 – 16.00 Outlook for 2014 – macro economy and commodity prices  

Tom Bundgaard from Kairos Commodities will give an outlook on the macro economy and especially how this ties into commodity prices. He will present a framework on how prices and the economy is forecasted to develop during 2014. A case study will show a practical approach to fluctuations in the price trend, showing both what to do and what to avoid.

  • The current state of the macro economy and likely future development
  • Price outlook 2014 for metals
  • Price outlook 2014 for soft commodities
  • Case study in how to deal with shifting price trends

by Chief Analyst, Kairos Commodities A/S

16.00 – 16.15 Chairman's closing remarks

by CEO, SKairos Commodities A/S and DILF

16.15 End of conference, refreshments and networking

Time and place

Conference:
Thursday 28th November 2013 in Copenhagen
Members of DILF and Kairos subscribers can participate at a 2 for 1 price at the conference

Master class 1: Building a professional commodity risk management framework
Wednesday 27th November 2013 in Copenhagen
 
Master class 2: Commodity markets analysis
Wednesday 27th November 2013 in Copenhagen

Venue
First Hotel Copenhagen
Molestien 11
DK -2450 Copenhagen SV
Telephone: +45 36 15 51 34

Prices

Conference fee:
EUR 670,- (DKK 4.975,-) Member of DILF/Kairos subscriber/AERCE/BME
EUR 602,- (DKK 4.475,-) Per extra participant from same company (member of DILF/Kairos subscriber/AERCE/BME)
EUR 871,- (DKK 6.475,-) Not member of DILF/not Kairos subscriber/AERCE/BME
EUR 804,- (DKK 5.975,-)Per extra participant from same company (not member of DILF/not Kairos subscriber/AERCE/BME)


Master class fee:
EUR 602,- (DKK 4.475,-) Member of DILF/Kairos subscriber/AERCE/BME
EUR 535,- (DKK 3.975,-) Per extra participant from same company (member of DILF/Kairos subscriber/AERCE/BME)
EUR 804,- (DKK 5.975,-) Not member of DILF/not Kairos subscriber/AERCE/BME
EUR 737,- (DKK 5.475,-) Per extra participant from same company (not member of DILF/not Kairos participant/AERCE/BME)

The fee is inclusive of programme materials and refreshments as stated in the programme.
Full payment is required within eight days from receipt of invoice.
Payment must be received prior to the conference/master class. A receipt will be issued on payment.

VAT will be charged at 25% according to Danish regulation.
Partial refunding can be applied for under certain ciecumstances. Applications are handled by the Danish customs.
For further information please se www.skat.dk

Registration

Use the registration form at dilf.dk/en/registration/.

Invoice and confirmation are sent after you registration is received.

Cancellation and substitution

For cancellations received in writing no later than 30 days before the event a fee with a deduction of 10% for administration charges can be refunded. A 50% cancellation fee will be charged for cancellations received in writing no later than 14 days before the event. Cancellations received in writing later than 14 days before the event will not be refunded. Substitution is allowed at no extra charge and the invoice will be corrected according to new participants’ membership status. Please inform DILF of any substitutions.

DILF reserves the right to change or omit event features, dates and venue. In case of changes DILF is not responsible for covering airfare, hotel or other costs incurred by delegates. In case of cancellation the paid fees are refunded, but above mentioned costs are not. DILF reserves the right to decline participants from direct competitors to speakers or sponsors of the event.

Exhibitors


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