Today’s “Must Read” is a post by Art of Procurement alumni Alex Short of Old St Labs. Alex pens a passionate piece where he shares his perspective that procurement-led innovation is “the future”:
I wholeheartedly share Alex’s view, whether it be as a centralized function or a decentralized pool of supply market experts.
Today, I feel that our vision extends only so far as to become a business partner – someone who helps the business optimize their existing needs.
In my opinion, the real difference makers will be those who transcend the traditional procurement framework to become brokers of innovation – whether it be product (Direct Procurement) or delivery model (Indirect Procurement).
OTHER INTERESTING ARTICLES
Procurious is really stealing the show this week with a ton of great content in the run up to their Big Idea Summit in London. At a minimum, I’d recommend you check out:
Do You Belong to a Procurement Dream Team? | Chris Cliffe, CJC Procurement
Three Economic Indices You Can’t Ignore in Procurement | Kelly Barner, Buyers Meeting Point
Resistance is Futile, Disruption in Coming! | Mark Stevenson, We Do Things Differently
The Coming Backlash Against Artificial Intelligence and How To Handle It | Manoj Saxena, Cognitive Scale
Should Procurement Pro’s Be Concerned About Global Trade? | Dr Linda Yueh, Economist, Broadcaster and Author
Elsewhere in the procurement blogosphere this week:
How to Win at the Digital Transformation of Procurement | Bertrand Maltaverne, POOL4TOOL
Cost Driver Analysis: Increase Visibility to Increase Savings | Stan Garber, Scout RFP
PROCUREMENT & SERVICE PROVIDER NEWS
(On next week’s Art of Procurement, I will be joined by CPO Survey Report co-author Lance Younger to go beyond the numbers)
Under New Owner and CEO, SciQuest Changes Name to Jaggaer | Lauren Ohnesorge, Triangle Business Journal
ON THE ART OF PROCUREMENT
My guest on the Art of Procurement this week was Drew Polin, President of wireless expense reduction firm, OpDecision.
Our conversation was split into two different topics. First, we talked gainsharing, and what organizations can do to effectively lever – rather than be taking advantage of – gainsharing commercial models.
We then transition into wireless, as Drew shares some to the strategies and tactics that you can use to reduce your wireless spend in 2017, without having to change out your supplier.
Are you going to be in London on February 22nd? If so, I highly recommend that you check out an after-work meet up hosted by Simona Pop and Bertrand Maltaverne. Simona puts on a mean event, so this is one you won’t want to miss out on!
I’m disappointed to miss out, but if you are in the London area you have no excuses!
Until next time…