AOP PodcastValue Beyond Savings

059: An Introduction to Value Based Procurement, with Joanna Martinez and Jordan Early

By June 3, 2016 January 4th, 2019 No Comments

This week’s Friday Show is a little different.  A recurring theme in my discussions with procurement thought leaders is the need to expand the value that we bring to being more than cost savings alone.  With that in mind, I started working with Joanna Martinez (former CPO and Founder of Supply Chain Advisors) and Jordan Early (Head of Research at Old Street Labs) on a series of shows dedicated to the concept of value based procurement.

Joanna, Jordan and I met earlier this week to start mapping out the series. I loved the points being raised so much that I asked Joanna and Jordan if I could hit the record button.  What follows is a short conversation on what value based procurement is, and why it is so important to our future.

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“The procurement organization has to take the initiative. There is no reason for the rest of the organization to do anything different, so it has got to be driven by procurement.”

In this episode, you will learn:

  • Why procurement organizations have to change from being solely know as cost cutters
  • An overview of value based procurement.
  • Why the time is now.
  • Why change has to come from within.
  • An introduction to the upcoming Art of Procurement series on Value Based Procurement.

Episode Transcript (PDF):

  • Click here to download a copy of today’s episode transcript (PDF).

Links and Resources:

Thanks for Listening!

Philip Ideson

About Philip Ideson

Philip founded Art of Procurement in 2015 as a way to empower procurement professionals at all levels to deliver change with confidence; whether from the inspiration of the popular weekly podcast that he hosts, or with targeted solution offerings that guide clients on their journey to transform the impact of procurement.