While long involved in mergers and acquisitions (M&A), procurement increasingly has a role in divestment projects too.
As we hear in the April issue, “it’s just doing the exact opposite” to M&A activity and, as one former CPO says, “there are some situations where it may make sense for purchasing to lead a divestment programme”. (more…)
The penny
drops
First this month, a hearty congratulation to the academics awarded the 2011 Ig Nobel Prize for medicine at the end of September.
Their efforts to understand how decision-making is affected by the urge to ‘spend a penny’ (to use an appropriate procurement euphemism) has seen nine researchers share the award, which recognises trivial or unusual scientific research.
Part of the research demonstrated those with better control opted for a long-term reward, rather than a short-term financial gain. Something to consider in those all-night negotiations. (more…)
At the recent CIPS conference, Ellis Watson, a veteran CEO with an impressive CV, called for procurement practitioners to display passion in everything they do. “Step up and take your message out to the business,” was his plea. I’ve been thinking about this and reached the conclusion that passion is not enough. (more…)
That was the song title that captures procurement, according to Experian’s head of procurement Mark Langrish, featured in My Way To The Top in SM’s latest issue.
But perhaps we should actually be pondering what breed of canine is being offered up for sale. What’s its character? Does it have a tendency to bark loudly through the night? How’s its bite? And when it comes to the bottom line, is it house-trained? Or will it chew up all you hold dear? (more…)
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