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

At the Art of Procurement, we get many press releases – usually detailing client wins, technology updates, or company acquisitions.  However, there was one that came across my desk recently announcing the launch of an Indirect Procurement Standard.

With my interest piqued, I reached out to the author of the Standard – Sime Curkovic – to learn more. Sime is Professor of Supply Chain Management at Western Michigan University, and joins me on the show today to share more details about the Indirect Procurement Standard – what was the need, how was it developed, and what does the final output looks like.

“It’s a detailed written document that provides a performance management system for purchasing organizations responsible for indirect spend. The standard offers a set of management practices and key metrics covering five areas – leadership in planning, business processes, support processes, people processes and performance.”

In this episode, you will learn:

  • How the in-demand procurement and supply chain skills are evolving and impacting curriculum design.
  • Why demand for students with Indirect Procurement skill sets are increasing.
  • What is the Indirect Procurement Standard.
  • What kind of companies the framework is built for.
  • What was the approach to building the framework, and how companies like Microsoft played a pivotal role.
  • Key components of the Standard
  • How can organizations start implementing the Standard
  • What are the two keys, in terms of skill set and experience, that Sime recommends professionals pursue to stand out from the crowd.

Links and Resources:

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.