This Week in Procurement

This Week in Procurement: How Big is YOUR Procurement Team – and Can You Really Justify It?

Written by Philip Ideson

I have been having a number of conversations recently with procurement leaders recently about procurement organizational design, and one of the topics that keeps coming up is a desire to become more agile.  With the increasing reliance on technology and a switch to more strategic activities, it begs the question: what is the optimal size of a procurement group.  My gut feel is that our teams will become leaner, but more impactful.

In that vein, I came across a thought provoking article on LinkedIn this week from Adrian Brown, asking if we can really justify the size of our procurement teams. It is an interesting question, especially given the fact that we typically don’t have enough bandwidth to do all the things we want, and yet so many CPO’s are challenged every year to do more, with less.

Different horses for different courses definitely applies here – but you can be sure that those who pay our bills are also asking themselves the same question.

Check out Adrian’s perspectives in this week’s “Must Read”:

How Big is YOUR Procurement Team – and Can You Really Justify It? | Adrian Brown MCIPS, AB Procurement Ltd


2.
OTHER INTERESTING ARTICLES

Blockchain: What Are the Opportunities for Procurement? | Bertrand Maltaverne, POOL4TOOL

Supplier Metrics: From “Best Practice” to “Best Fit” | Kate Vitasek, Forbes

When You Don’t Know What You Want, How Can You Negotiate To Get It? | Tim Cummins, IAACM

Ten Top Tips to Raise the Profile of Procurement in your Organisation | CASME

Harvey’s Impact on the Global Supply Chain: The Role of Analytics | Robert Handfield, SCRC

Why Your Company Needs Contract Management | Marie Cullen, Intentionally Finding Value


3.
NEWS

Coupa Jumps On Earnings, As It Does Battle With Oracle, SAP | Reinhardt Krause, Investor’s Business Daily

Third Of Firms Fail To Comply With Slavery Law | Jacki Buist, Haymarket Media Group

The Story Behind the Numbers: The August 2017 ISM-New York Report on Business | Kelly Barner, Buyers Meeting Point

“I Just Don’t See How Blockchain Can Apply to My Business” | Jack Shaw via Procurious


4.
OTHER STUFF

Regular listeners will have seen that there was no AOP pod this week due to the US Labor Day weekend.  However, the full podcasts for Procurious’ Career Boot Camp did go live this week.  I really enjoyed these short conversations with a broad cross section of CPO’s.  You can listen in here:

Rio Tinto CPO: How To Fail Forward In Procurement | Procurious

Why Vodafone’s CPO Is Locking Up His Data Scientists! | Procurious

Crank It Up A Notch With AstraZeneca’s CPO | Procurious

Let Them Eat Cake With Co-Op CPO | Procurious

Barclays CPO: You’re in the Driving Seat, So Take the Wheel! | Procurious

 

Have a great weekend!

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.