Wang Wenchao

HIGHLIGHTS IN TAKEDA

2016/02 – 2017/01

Sustainable Procurement Lead, Asia Pacific (worked from China)

2017/02 – 2022/10

Ethical Sourcing and Supplier Risk Management Associate Director (worked from Australia)

2022/10 – Now

Global Supplier Governance Lead (worked from Singapore)

Led and took ownership of the development and execution of a comprehensive Sustainable Procurement and Supplier Risk Management strategy. Formulated and implemented policies, processes, programs, and tools aimed at enhancing supplier performance while effectively minimizing risks.

Acknowledged with Takeda’s CPO Award in 2021, post Covid, for exceptional performance in managing suppliers' business continuity risks and demonstrating strong leadership in innovative due diligence approaches for PPE suppliers.

• Established the foundation of Supplier Sustainability by revamping Supplier Code of Conduct, fostering culture of supplier sustainability within Global Procurement function, and enhancing risk and compliance awareness among Global Procurement Leaders.
• Guided and directed Global Supplier Risk Management Programs, encompassing risk identification, evaluation, mitigation, monitoring, reporting, and communication. These programs included Supplier Due Diligence, Ongoing Risk Monitoring, Supplier Business Continuity Risk Management, Value Chain Risk Management, and Supplier Training.
• Collaborated closely with internal and external experts to manage Scope 2 and Scope 3 emissions, aligning with Takeda’s commitments for Net-Zero operations by 2035 and Net-Zero for entire value chain by 2040.
• Worked in tandem with internal and external experts to manage Supplier Diversity, Equity, and Inclusion (DE&I), focusing on small diverse suppliers' spend and payment terms in compliance with legislation like the Japan Subcontracting Act.
• Co-led efforts to establish Supplier Segmentation Frameworks, enabling strategic classification of preferred vendors. Additionally, played a key role in developing Supplier Performance and Innovation frameworks and programs.
• Leveraged Takeda’s global scale to capitalize on global, functional, and category synergies. Empowered regional and category leads to integrate best practices into their category strategies, manage risks, uphold ESG principles, and make informed decisions with agility.
• Integrated Supplier Risk assessment requirements into Acquisitions and Divestitures process.
• Facilitated rollout of Sustainable Procurement strategy revisions and training to global and regional category teams.
• Established robust communication channels to foster internal alignment, updated procurement function risk register for the Corporate Risk and Audit Committee, and supported internal audits concerning Supplier Risk Management compliance.
• Cultivated strong relationships with internal stakeholders and ensured horizontal alignment with Global and Regional Procurement management, as well as Corporate Functions such as Ethics & Compliance, Legal, Global Communication, and CSR.
• Collaborated with Global CSR team to manage Supplier ESG external stakeholder relationships and contributed to external reporting in Takeda’s Sustainability Report and DJSI reporting, among others.
• Continuously enhanced global supplier risk management practices and capabilities. Stayed informed about new legislations and industry best practices, maintaining strong industry networking presence to inform future strategy development. Innovatively introduced and leveraged digital, automation, and contemporary tools and technologies.

• Managed SCM sustainability and risk mitigation for China, latterly for AMEA region
• Drove key initiatives including SSDP (Supplier Sustainability Development Program), Contractor Safety Management, Supplier Reputation Due Diligence, Hazardous Substances Initiative and Conflict Mineral Program
• Developed, updated and communicated sustainability KPI’s with senior managers at different Divisions and BUs
• Led, developed, implemented and continuously improved SCM sustainability local standards, tools, processes, internal and external trainings and certification program
• Drove and monitored supplier base pre-qualification; Coordinated and managed Supplier Sustainability Development Audits and CAPs follow ups
• Trained and coached people at all levels of the SCM organization and ABB businesses to help them support suppliers in complying with the ABB Supplier Code of Conduct
• Introduced, selected and trained 3rd party auditing firm to implement sustainability assessments based on ABB Suppliers Code of Conduct
• Brought in Sustainability community and champion concept which proved to be very successful
• Got almost 30% high risk supply base covered by SSDP by 2015; China Sustainability KPI’s improved significantly, 35%+ legacy CAPs closed in 9 months
• Received annual recognition award from Regional VP

• Oversaw ethical trading and supply base pre-qualification across the expansive Asia Region, representing over half of the total procurement expenditure.
• Managed ethical sourcing for 600+ OEM factories primarily located in China, Cambodia, Vietnam, and Indonesia. Implemented strategies to enhance ethical and compliance Key Performance Indicators (KPIs) for group suppliers, fostering continuous improvements.
• Achieved significant improvements in the top 20 supplier KPIs, with 80% of suppliers achieving acceptable rates within a span of two years.
• Developed and executed projects to mitigate risks across diverse countries, ensuring a proactive approach to risk management. Directed and improved compliance of 2nd tier suppliers, including dyeing, washing, fabric, and yarn mills, with a focus on ethical standards.
• Represented the company at regional sustainability/CSR summits and forums as a speaker, fostering industry collaboration and engagement. Initiated impactful industry collaborations with multi-stakeholders and other brands, while managing local CSR initiatives such as charity and community support.
• Played a pivotal role in positioning the company favorably in the eyes of NGOs and media post the Rana Plaza tragedy, establishing the organization as one of the most proactive in joining the Bangladesh Accord and advocating for a review of the local minimum wage in Cambodia.

• Conducted COP audits according to NEXT COP Procedure and ETI requirements
• Mentored junior auditors to conduct the CSR audits
• Delivered pre-audit trainings to suppliers
• Implemented capacity building projects focusing on improving suppliers efficiency and reducing overtime
• Organized periodical CAPs review meetings with regional sourcing team

• Conducted 600+ social and technical compliance audits throughout China
• Measured compliance to environmental, health and safety regulations, human rights standards, labor law and C-TPAT
• Audited on behalf of multi-national companies against special requirements or industrial standards like WRAP, FLA, EICC, ICTI, BSCI, ETI
• Being promoted to be Qingdao satellite office cell leader, built up a team from 2 to 8 within 15 months
• Local audit number and margin increased, relevant customers’ complain decreased.