A few years ago, there was talk of the next CEOs coming from procurement, but there has been little evidence of it and there are still few instances of procurement even making to board level. (more…)
One complaint I hear frequently as SM editor is the “negative coverage” we give public sector procurement. As I explain to my interlocutors, there are several reasons for this perception, but none of them are bias or prejudice on our part.
Chiefly, public sector buying is open to criticism – it has to be. It faces greater external scrutiny and those findings are widely reported. Were private sector buying faced with this level of public investigation it would receive the same coverage in these pages, and indeed elsewhere. (more…)
Access to cash remains a continued priority for finance and procurement chiefs. The way to make businesses more agile through better availability of funds is by having a more collaborative relationship between procurement and finance – from the top down.
Many of the answers lie in the use of more effective technology, linking together supplier information to strengthen negotiation. But it’s not just technology. Finance is from Mars and procurement is from a different part of Mars. Despite the links between the two, there are two different languages and distinct circles of influence. (more…)
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