Over the years, I have observed many different procurement teams across a range of industries. Whilst most do a good job, only a handful do a GREAT job. The team at Insider have spent some time researching this and would like to share with you our take on what those top performing procurement teams have in common.
Disruptive procurement is the process of creating real business value and competitive advantage by:
- deconstructing what the business really needs,
- challenging established business processes,
- leveraging knowledge from outside the normal points of reference, and
- designing, assembling and managing the supply chain in new and innovative ways.
Topics: Disruptive Procurement
If your procurement team took steps to reduce the total cost of ownership for a piece of equipment, they’d probably deserve a pat on the back (at least!).
But what if they took a further step and looked at the function of that piece of equipment and determined a better way?
Property directors and facilities management companies are always under pressure to reduce costs in everything that they do, but there often comes a point when a cheaper alternative fails to deliver the service that is required.
Today's procurement teams are being challenged to reduce costs, but in many cases are finding that suppliers have no further room for negotiation.
After round upon round of cost reduction projects, the traditional approaches are running out of steam.
The $3.7bn Tesco Booker takeover was a great example of disruption in the food distribution marketplace.
Procurement consultants aren't usually challenged with driving business innovation.
More likely, they are charged with reducing the bottom line financial figures.
Procurement has traditionally been seen as a back office department. But there is an increasing desire for procurement professionals to make a big impact within a business.
While in-roads have been made, there is still a lot of work to do to make procurement a driver of strategic change.
In this webinar it was discussed how 'Disruptive Procurement' can be used by procurement professionals to deliver that change.
We worked with a retailer who was struggling to enter new markets and deliver sales growth to meet their targets.