Influence Mindset Opinion

142: Is “Best-in-Class” Procurement a Fallacy?

It is Independence Day week here in the US, and so what I thought I would do today is to go back into the achieves and replay one of my solo shows that I recorded almost 18 months ago now.

It is a topic that I remain passionate about – why I think we in procurement should care less about being “best-in-class”, and more about what our internal organization really needs from a procurement function.

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“Rather than chasing best in class, look at where you are today, and think about what’s important to your organization. Understand what your business needs from a procurement function.”

Links and Resources:

Thanks for Listening!

 

About the author

Philip Ideson

Philip Ideson is passionate about the role that procurement professionals and leaders can plan in creating competitive advantage for their organizations in ways that go beyond the traditional value proposition.

Philip founded Art of Procurement as a way for the procurement community to learn from each other, increasing the impact they have on their organizations. In 2017, he co-founded Palambridge, a virtual platform of procurement experts, technology, and intelligence. Palambridge provides a broad range of flexible procurement solutions, available on-demand.

Prior to Art of Procurement and Palambridge, Philip enjoyed a career that spanned the procurement value chain, working across three continents for organizations such as Accenture, Procurian, Ally Financial, Pfizer and Ford Motor Company.

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