One of the things that I am most passionate about is connecting small start-up’s with larger enterprises. It is no secret that start-up’s are a hotbed of innovation, and yet enterprise procurement processes and risk management frameworks are often not set up to facilitate the use of small and emerging businesses.
The good news is that this is changing. I listened to three Head’s of Procurement last week at an industry event talking about the importance to them of encouraging supplier diversity, including small businesses – in fact, one had an aggressive goal to achieve 10% of spend with diverse suppliers.
So as a procurement leader within a big company, what can you do to help foster the growth of small, innovative businesses? That is the focus on today’s “must read”, as Procurious caught up with Nina Vaca at ISM2017.
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@ THE ART OF PROCUREMENT