The 4 Biggest Threats to IT Procurement Managers in an Uncertain Economy (2024)

David Lehanski

NHL Executive Vice President, Business Development & Innovation

David Lehanski is the Executive Vice President of Business Development & Innovation for the National Hockey League, responsible for leading the League’s technology and innovation initiatives through the establishment of corporate partnerships, state-of-the-art technology solutions and new revenue.

Lehanski joined the NHL in 2005 and has been instrumental in building the most advanced technology solutions in sports. He has been a key driver in establishing the League’s world class technology infrastructure through creating partnerships with tech giants Apple, Amazon Web Services (AWS), SAP, Sportradar, Rogers and Verizon. These partnerships and tremendous advancements in technology and innovation have not only well positioned the NHL to expand and advance both the game and the fan experience, but they have also helped to fuel the League’s remarkable business growth and record revenues.

Lehanski has been at the forefront of the development and implementation of the NHL’s innovative EDGE (Puck and Player Tracking) technology, which received a prestigious Alpha Award for Best Sports Innovation at the 2022 MIT Sloan Sports Analytics Conference. Under Lehanski’s leadership, the League and NHL EDGE made history alongside ESPN and the Disney Channel with the NHL Big City Greens Classic, the first-ever live, animated NHL game telecast, featuring the Washington Capitals vs. New York Rangers. The hugely popular NHL Big City Greens Classic demonstrated how data from NHL EDGE can create entirely new fan experiences for a younger audience in collaboration with best-in-class partners.

Over the past several seasons, Lehanski has been focused on developing new solutions with industry-leading technology providers including Apple, AWS, SAP, Sportradar, Rogers and Verizon to improve and enhance the game for players, coaches and officials, as well as for fans and for the League’s broadcast and corporate partners. This has included the debut of AWS’s Shot and Save analytics and Face-Off Probability and leveraging Verizon’s cutting-edge 5G technology in-arena.

Lehanski was instrumental in the creation and implementation of the NHL’s groundbreaking in-arena coaching system introduced in 2017 – in collaboration with Apple – delivering real-time video highlights to coaches on the benches of every NHL arena. He also helped to develop the next phase of the NHL’s in-arena coaching system with the launch of the SAP-NHL Coaching Insights App for iPad, providing access to real-time, customized data and player statistics during the game on home and away benches in all 32 arenas.

Inside the NHL, Lehanski leads the NHL’s internal Innovation Team. Made up of internal experts from business development, strategy and information technology, the Innovation Team helps to advance the game of hockey by developing and implementing technology-driven solutions focused on the business and the game. Under Lehanski’s leadership, the Innovation Team has hosted three Technology Showcases – one during CES in Las Vegas in 2019 at T-Mobile Arena showcasing Puck and Player Technology, the second in 2022 at Prudential Center in New Jersey, demonstrating how the League can leverage 5G technology, and the most recent in March 2023 at Climate Pledge Arena in Seattle, exploring new experiences leveraging cloud technology. Each showcase was a pilot of futuristic technology solutions being developed by the NHL in collaboration with several leading technology providers to enhance the in-arena and at-home viewing experience.

Since joining the League in 2005, Lehanski has played an important role in the League’s path to close to $6 billion in annual revenues, establishing landmark partnerships for the NHL with some of the biggest global brands including AWS, Verizon, Apple, SAP, Dunkin, Honda, PepsiCo, Geico, Discover, Enterprise, Cisco, and MillerCoors, among many others. Lehanski was also one of the drivers in the League’s progressive approach to sports betting, helping to secure strategic partnerships with sportsbooks including MGM Resorts International, FanDuel and Caesars.

Before joining the NHL, Lehanski served as Vice President of Marketing Solutions at Clear Channel Advantage where he worked with Fortune 500 advertisers/marketers to develop, sell, and activate fully integrated media/marketing solutions that leveraged all of Clear Channel’s assets. Previously, Lehanski was the co-founder and Vice President of HallOfSports.com, an online company focused on the distribution of sports memorabilia and collectibles with a long-term goal of consolidating the industry. He also spent several years as a consultant on the agency side at SFX Sports and Clarion Sports & Entertainment.

Lehanski was named to SportsBusiness Journal’s Forty Under 40 Class of 2012, recognizing executives for excellence and innovation in their industry before the age of 40. He earned a B.A. with a major in economics from Bowdoin College and currently resides in Ridgewood, NJ with his wife Alison and two sons, Eddie and Leo.

The 4 Biggest Threats to IT Procurement Managers in an Uncertain Economy (2024)

FAQs

What are the four 4 sources of risk in procurement? ›

The four sources of risk in procurement are poor vendor management, inadequate contract management, inadequate systems and controls, and fraud.

What are the top 5 challenges facing the procurement department today? ›

The most common procurement challenges are:
  • Rising inflation. The rising cost of raw materials is giving procurement professionals sleepless nights. ...
  • Talent shortages. ...
  • Contract management. ...
  • Inaccurate data. ...
  • Absence of internal communication. ...
  • Risk management. ...
  • Supplier issues. ...
  • Absence of technology.
Jan 16, 2024

What are the economic risks in procurement? ›

Economic Risk

Economic risks in procurement stem from fluctuations in the broader economy. In other words, changes in macroeconomic indicators such as GDP growth, inflation rates, unemployment rates, or consumer spending patterns can all impact demand, market conditions, and pricing dynamics.

What are the top 5 risks in procurement to pay? ›

Beware of the top 5 risks in organizations during the procure-to-pay process. These include human errors, poor processes, non-compliance, extra costs, and fraud.

What are the 4 main sources of risk? ›

The 4 main categories of risk are financial risk, operational risk, compliance risk, and legal risk. Financial Risk: This category includes risks related to the financial performance of a business.

What are the 4 risk levels in risk management? ›

Severity of risk:
  • Catastrophic.
  • Critical.
  • Marginal.
  • Negligible.

What are the four key issues in global procurement? ›

Managing and balancing all areas that are critical to the global procurement process involves ensuring that the four pillars—people, process, technology, and supply chain—it stands on remain strong.

What is the weakness of procurement manager? ›

Weakness #3- Inadequate Supplier Management

In procurement, this axiom holds true in the realm of supplier management. Without a robust strategy, you risk dependency on unreliable suppliers, which can lead to supply chain disruptions and quality issues.

What is the most difficult issue in procurement? ›

Supply risk is always a major challenge in the procurement process. Market risks, potential frauds, cost, quality, and delivery risks constitute the most common type of risks. Additionally, compliance risks like anti-corruption, policy adherence, and more keep your procurement leaders up all night.

How do you manage the 7 most common procurement risks? ›

6 Common Procurement Risks
  • Inaccurate Needs Analysis. The procurement process begins with a needs analysis. ...
  • Inadequate Vendor Management & Sourcing. ...
  • No Supply Chain Risk Management. ...
  • Underdeveloped Contract Management Processes. ...
  • Lack of Automation. ...
  • Poor Procurement Planning.

What are the ethical risks for procurement officials? ›

Ethical risk in procurement can include conflict of interest, fraud, corruption, and anything that prevents progress with regards to social, environmental, and economic outcomes.

What is the risk matrix in procurement? ›

A purchasing risk matrix is a tool that helps you evaluate and prioritize the potential risks involved in buying goods or services from different suppliers. It can help you avoid costly delays, quality issues, or legal problems that could harm your business.

How to mitigate risk in procurement? ›

The following are five strategies that can help your organization mitigate risks associated with procurement.
  1. Spend Analysis. Simply put, spend analysis reveals what is going on with your company's money. ...
  2. Enable Procurement Transparency. ...
  3. Supplier Consolidation. ...
  4. Supplier Relationship Management. ...
  5. Compliance.
Jun 13, 2022

What are the negative effects of procurement? ›

Repeated problems with procurement lead to long-term issues that seriously affect your company. These include loss of money and profitability, a bad reputation and negative publicity. The obvious result of poor procurement practices is loss of money.

What are the 4 types of risks? ›

The main four types of risk are:
  • strategic risk - eg a competitor coming on to the market.
  • compliance and regulatory risk - eg introduction of new rules or legislation.
  • financial risk - eg interest rate rise on your business loan or a non-paying customer.
  • operational risk - eg the breakdown or theft of key equipment.

What are the 4 types of risks in the supply chain? ›

The four main supply chain risks are economic, environmental, political, and ethical.

What are the 4 key concepts of risk? ›

What Are the Four Concepts of Risk Management? Integrating risk into decision-making, fostering a strong risk culture, disclosing risk information, and continuously improving risk management procedures are the four key concepts that underpin the success of risk management.

What are the 4 risk factors? ›

In general, risk factors can be categorised into the following groups:
  • Behavioural.
  • Physiological.
  • Demographic.
  • Environmental.
  • Genetic.

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