Ugh, governance I hear you say! When we think of procurement governance, we think of it as a way to control our end users – as something to measure compliance against. However, it doesn’t have to be like that!
I was invited to speak at a conference recently on the topic of procurement governance. My experience is that governance – if used strategically – can be the cornerstone of a strategy that enables procurement to take on a greater role within our organizations. In this Art of Procurement Friday Show, I explain why, and what your first step should be.
“By using a formal strategic governance program to align procurement with the needs of our business, we set the foundation to drive the change necessary to elevate the role of procurement.”
In this episode, you will learn:
- What do we think of when we talk about procurement governance
- Why our current approach is not working
- Why we need to think differently about procurement governance
- The importance of alignment with our business leaders and stakeholders, and what alignment looks like.
- The first step in building a strategic procurement governance board.
- Who should be on the governance board? Why?
- What does the governance board do?
- How can we formalize the activities of the governance board?
- What are the benefits of the governance board?
To limit the length of today’s episode, I summarized the presentation that I gave in the podcast. However, if you are interested in watching the presentation in full, I recorded a screencast of it in full. Click here to view.
Episode Transcript (PDF):
- Click here to download a copy of today’s episode transcript (PDF).
Links and Resources:
- Subscribe to The Art of Procurement
- Philip Ideson on LinkedIn, Procurious and Twitter
- Episode 22: The Key Behaviors of Effective Procurement Leaders, with Gerard Chick
- Episode 30: Beyond the Numbers: A Deep Dive into the Deloitte 2016 CPO Survey, with Brian Umbenhauer
Thanks for Listening!