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Procurement Transformation Institute
Procurement Value Delivered
Issue 76, 29th Aug 2019
This Week's Highlight
Critical Factors For Selecting Your Suppliers

Tuesday 3rd September - 11am BST

Procurement exists in a dynamic, fast-paced, constantly changing environment. So surely the reasons we use to select our suppliers and supply partners would change over time too? Wouldn’t they?
 

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Procurement Picks
People:

Having The Right Mindset in Procurement
Build alliances
Business apathy is a major barrier to procurement transformation procurement leaders must “build alliances” with other departments. “Ask: ‘What does procurement mean to you?’” Identify who you can have meaningful conversations with.

Find the why. Identify the root causes of behaviour that help or hinder.
Taking an “outside-in perspective” when explaining the purpose of your methods
The article below explains how to shift mind -
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Technology:

Collaborative working is a key driver towards procurement success

The way businesses secure the work has however changed substantially over the course of the last decade. With a requirement for businesses, more than ever before, to adapt and be fleet of foot to ensure a fruitful pipeline of activity to encourage growth, notwithstanding budget and contract constraints, now should be the time that businesses work together to reap mutually beneficial rewards.
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Knowledge

CONTROLLING  YOUR INSURANCE COSTS:

No  matter what  business you  are in  be  in small  or large  you  will need  to  have  a  good insurance  policy in  place.   This is  an  area  of  expenditure  that  is overlooked  by many to  their  detriment.
  Many companies will look at  a  policy renewal, mechanical  make the  payment  and  let  it roll  for another year. Insurance  is a  necessity however there  are  a  number  of  ways  where  it  is possible  to get  the  best  value  for your euro  by  being  pragmatic.

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Connect With Us!
 
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Process.
Five things you should expect  from your procurement function.

A lot can be achieved by doing the simple stuff well.
In many Government and commercial organisations procurement has now become recognised as a fundamental enabler of business strategy and a preferred method for achieving sustainable cost reduction.It is often a source of opportunity for process simplification with technology enablement and a window into understanding what is really going on in an organisation.
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Culture:
How Can We Make Procurement More Relatable?

As a procurement professional, does this ever happen to you?

You make an acquaintance and are having the typical getting-to-know-you conversation. The “what do you do?” query is posed, to which you reply, “I’m a procurement consultant.”I am usually met with a blank stare, glazed eyes, and the polite conversation redirects on to something - literally anything - else.
Within procurement, there's a substantial brand image challenge

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Procurement Transformation Institute
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Cork, Ireland
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Procurement Transformation Institute · Western Gateway Building · UCC · Cork City, Cork 0000 · Ireland

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