Rewriting the Procurement Playbook Through Collaboration

In this episode of Procurement Reimagined, we speak with Tim Harvey, a seasoned procurement professional, discussing the evolution of procurement practices.

We explore early mistakes in procurement, the importance of collaboration over competition, and the common pitfalls that professionals face today.

Tim emphasises the need for digital workflows to streamline processes and reduce the burden on non-procurement staff. The conversation also highlights essential skills for procurement professionals, such as curiosity and the importance of documentation.

Tim shares valuable insights and recommendations for those looking to improve their procurement strategies.

Key Takeaways

• Collaboration unlocks more opportunities than competition.
• Focusing solely on price can lead to poor procurement decisions.
• Documentation is crucial in procurement to avoid future issues.
• Curiosity is a vital skill for procurement professionals.
• Digital workflows simplify the procurement process for everyone.
• Procurement professionals should not teach others how to do their job.
• Value should be considered beyond just cost in procurement.
• Networking and learning from others can enhance procurement practices.
• Start with why is essential for effective leadership in procurement.

 

 

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Chapters

00:00 Welcome to Procurement Reimagined
01:03 Lessons from Early Mistakes in Procurement
02:59 The Importance of Collaboration in Procurement
05:53 Common Procurement Mistakes and How to Avoid Them
08:45 The Role of Digital Workflows in Procurement
12:12 Key Skills for Modern Procurement Professionals
15:00 Valuable Insights and Recommendations in Procurement