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Procurement White Papers - The Strategic Sourceror

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Online Project Search. It can also tie in to corporate CoEs — or take a leadership position in establishing them e. Just make sure to articulates the key capabilities that you want somebody on point to build out — not just for themselves — but for the firm. If there is an external regulation or other risk related event that is causing senior management concern to the point of a task force or initiative being kicked off, make sure to smartly latch on.

A crisis is a terrible thing to waste.

How to Achieve Best Practice in Procurement

And even if there is no such event, consider aggregating not just your spend, but also the related improvement projects that might be languishing in the project portfolio without enough ROI individually e. This lets you and IT get aligned on a joint business case. This involves the democratization of procurement processes that follow procurement-led best practices, but also tap a broader resource pool than procurement.

For many organizations, these techniques are such a common language and approach e. Also, there might even be some resources available to tap or poach from your corporate continuous improvement group. Bottom line: the approach will invariably improve your process efficiency, and most likely, if done right, effectiveness. One of the things that drains productivity is the care and feeding for performance measurement systems.

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For procurement, savings tracking is the biggest time sink here.