This Week in Procurement

AOP Saturday Linkfest: Is There $1M Hidden in Your Network?

By April 30, 2016 February 23rd, 2020 No Comments

Happy Saturday!

We sailed past our 50th episode on the Art of Procurement this week.  It has been a blast, and I’m looking forward to the next 50 – and beyond!  In “celebration”, I compiled a report containing 50 lessons that I learned from the first 50 shows.  You can download the report, here 

Ok, pull up a chair and check out the best procurement writing that I came across this week:

  • I feature the writing of Tania Seary a lot in the Linkfest for a simple reason – she consistently writes thought provoking articles.  In How My Procurement Network Made Me $1M Dollars, Tania maps out the benefits that can be are gained, often in the most unexpected ways, by building and nurturing your professional network.  This resonated as the principal here is core to my philosophy at the Art of Procurement.
  • If you have even the slightest interest in sports, you cannot avoid the story of Leicester City winning the English Premier League title this week.  To put the achievement into perspective, according to bookmakers, X-Factor judge Simon Cowell was 10 times more likely to become the British Prime Minister than the feat that Leicester achieved!  Whether you are interested in sport or not, Tony Lockwood draws 4 lessons that procurement leaders can learn from Leicester’s success.  My personal favorite – having a shared vision that develops over time.
  • Zero Based Budgeting (ZBB) could be coming to a CFO near you soon!  Sachin Yadav of GEP shares a primer on the in’s and out’s of ZBB, and how procurement can react in: Zero Based Budgeting and the Role of Procurement.
  • In Unleashing Procurement on the Mountain of Value that is Hidden in Intellectual Property, Anthony Gluyas of Accenture explores the untapped opportunity that exists by the mutual sharing of IP between your company and your closest supplier partners.

Happy reading, and have a great weekend!

Phil

PS – if you come across an article that you think we should read, please email it to contact@artofprocurement.com.

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