This Week in Procurement

This Week in Procurement: Five Ways Procurement Can Change the World for Entrepreneurs

Written by Philip Ideson

One of the things that I am most passionate about is connecting small start-up’s with larger enterprises. It is no secret that start-up’s are a hotbed of innovation, and yet enterprise procurement processes and risk management frameworks are often not set up to facilitate the use of small and emerging businesses.

The good news is that this is changing. I listened to three Head’s of Procurement last week at an industry event talking about the importance to them of encouraging supplier diversity, including small businesses – in fact, one had an aggressive goal to achieve 10% of spend with diverse suppliers.

So as a procurement leader within a big company, what can you do to help foster the growth of small, innovative businesses? That is the focus on today’s “must read”, as Procurious caught up with Nina Vaca at ISM2017.

Five Ways Procurement Can Change the World for Entrepreneurs


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OTHER INTERESTING ARTICLES

Procurement – switch your focus from sourcing to supply chain management | David Newberry, LeanPie

Sustainable Learning – The Similarities Between Parenting And Category Management | Alison Smith, Future Purchasing

Procurement for Money | Oleg Remizov, Novartis

All Smoke, No Fire: A Procurement Practitioner’s Thoughts on Digital Procurement (Part 1) | Rebecca Karp, Sourcing Synergies

ISM 2017: Talent, Procurement Zen and a CPO’s Warning About Technology | Pierre Mitchell, Spend Matters


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PROCUREMENT & SERVICE PROVIDER NEWS

50 Providers to Know and 50 Providers to Watch for 2017 | Kyle Fitzsimmons, Spend Matters

Cargo theft plagues freight shippers | Andrew Allen, CIPS


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@ THE ART OF PROCUREMENT

Podcast: How CPO’s and Academia Combined to Set the Indirect Procurement Standard w/ Sime Curkovic

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.