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Posted by: 
 | Nov 2018

Ep 06 Inside Procurement: 10 factors to create a world-class procurement strategy

 

In the last episode we talked about what constitutes a robust procurement strategy, and how do you ensure that it is aligned to the overall corporate strategy. In this video, we focus on the 10 essential factors that make for a world-class procurement strategy. 

  1. Tailor your strategy to the right level
  2. Focus on priorities
  3. Understand your space
  4. Be evidence based
  5. Communicate at all levels
  6. Focus on establishing trusted relationships
  7. Don’t short-change technology
  8. Embed collaboration
  9. Emphasise risk and control
  10. Commit to yourself and your team

Watch the video for more insights on these top 10 elements.

Be sure to subscribe to our bi-monthly series for the latest concepts and ideas that influence procurement and supply chain executives or if you’d like to learn more about our Procurement offerings then click here.

  • Omer Abdullah

    Omer is a co-founder of the firm and leads The Smart Cube’s business across The Americas. He has more than 25 years of management consulting, global corporate and industry experience across North America, Europe and Asia.

    Prior roles include A.T. Kearney (North America), Warner Lambert (USA) and The Perrier Group (Asia-Pacific). Omer has an MBA from the University of Michigan at Ann Arbor, USA and a BBA from the University of East Asia