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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.
- Tailor your strategy to the right level
- Focus on priorities
- Understand your space
- Be evidence based
- Communicate at all levels
- Focus on establishing trusted relationships
- Don’t short-change technology
- Embed collaboration
- Emphasise risk and control
- Commit to yourself and your team
Watch the video for more insights on these top 10 elements.
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Omer Abdullah is Chief Commercial Officer and Co-founder for The Smart Cube. He works with Procurement and Strategy leaders at global organisations, transforming their teams to become value-driven and insight-led. Omer has more than 30 years of management consulting and global corporate and industry experience across North America, Europe, and Asia. His 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.