We’re always keen to build on our reading lists here at Transformed. Here’s some of our favourites on procurement and contracting from the last month or so. We’re certainly seeing more come out around COVID-19 and how it disrupts supply chains globally yet it drives innovative thinking – our first article showcases how a firm developed a COVID-19 ‘disruption map’ to detect supply chain risk in real time. It is now used by some of Europe’s largest firms to alert them to coronavirus-related risks in their supply chains.
Many businesses and industries are also reviewing their traditional procurement methods with a new focus on relationship and collaboration as opposed to contractors ‘protecting their own patch’ often to the detriment of the procurement projects desired outcomes. https://www.holdingredlich.com/is-now-the-time-for-a-change-to-business-as-usual-in-the-construction-industry.
This articles discusses the many elements that are covered off in procurement process before you get to price. Surprisingly many write off the procurement functions’ important role in finding best value for money which is not always the cheapest option.
Also, as a result of the impact of COVID-19, many are finding themselves back in the job market or taking on short-term contracts to fill employment gaps. Take note of these traits – how many do you already have and where would you look to self-improve?
What’s changed for your industry or business that has required a re-think or resulted in a positive outcome? Have a good article to share with us? Let us know in the comments below…