“No industry or country is immune from bad buying; it exists in every nation in the world, and in almost every organization.”
For many years, Peter Smith wanted to write a book that was fundamentally about procurement but would appeal to a wider business audience, One that would peel back the onion on the role of procurement, with tales of what happens when good buying practices are not followed. Following a career as a practitioner, and most latterly leading Spend Matters in the UK, Peter got to work. The result: Bad Buying – how organizations waste billions through failures, frauds and fk-ups.
In this interview, Peter discusses:
- Examples of bad buying from across both the public and private sectors
- Whether the growth of the procurement function has become a double-edged sword
- Learnings that procurement professionals can apply to turn “bad” buying into “good buying”
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