Learn from procurement experts. Host Philip Ideson talks with thought leaders who share the trends, strategies and tactics that you can lever to elevate the rol...
Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday morning at 6am US Eastern Time. Presented by a member of the Art of Procurement team, each episode has 6 short segments that summarize the week in procurement. Segments range from procurement tips to podcast summaries, from details of events to news or overviews of blog posts that capture our attention.
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10:52
BTW EP 01: Buy: The Way... To Purposeful Procurement
“Show me the incentive, and I will show you the outcome.” Warren Buffet’s vice chairman Charlie Munger’s succinct and insightful take reminds us of the power of incentives—and provides a backdrop for this project. In this first episode of the “Buy: The Way…To Purposeful Procurement” podcast, produced collaboratively by the teams at Art of Procurement and Fine Tune, Fine Tune CEO Rich Ham, Philip Ideson, and Kelly Barner lay the groundwork for this year-long series of bi-weekly episodes featuring hand-picked guests that will explore various flaws within commonplace procurement department incentive structures, and how those flaws are holding the profession back from its most purposeful potential. This first conversation sets the stage for frank discussions with practitioners, procurement leaders, and subject matter experts about how prevailing systems of incentives create harms to the status quo, what a healthier system might look like, and the outcomes such improved systems might produce—both within the company’s walls and beyond them. Links: Rich Ham on LinkedIn Learn more at FineTuneUs.com
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22:13
BTW EP 02: Tales of Dysfunction (a.k.a. “Procurgatory”)
Building off the previous discussion about “purposeful procurement,” Philip Ideson, Kelly Barner, and Fine Tune CEO Rich Ham are back to take a bold, honest look at the systemic flaws that have all too often shaped procurement’s behaviors and limited their impact. In this candid conversation, we share and discuss real-world examples about how current incentive structures elevate short-term thinking and less-than-exceptional outcomes, ignoring the huge potential procurement has to generate value. By tackling uncomfortable truths about dysfunction within the procurement system, Phil, Kelly, and Rich explore the topic with thoughtfulness, precision, and the kind of hard-won wisdom that can only come from years of experience in the procurement trenches. Listen in as we ‘interrogate’ procurement’s role in perpetuating flawed approaches and processes, usually to their own detriment. The candid exploration of these flies in the ointment will also serve as a springboard to solutions as Season 1 progresses. Stay tuned for episode 3, where our guest Oliver Hurrey will offer a glimpse of what truly inspiring and purposeful procurement looks like in practice. Links: Rich Ham on LinkedIn Learn more at FineTuneUs.com
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37:04
BTW EP 03: Oliver’s List: Inspiring Tales of Purposeful Procurement with Oliver Hurrey
As Albert Einstein said, “We cannot solve our problems with the same thinking we used when we created them.” After taking an honest look at some of procurement’s most pressing challenges and flaws in episodes 1 and 2, Philip Ideson and Fine Tune CEO Rich Ham shift their focus from problem-spotting to solution-seeking with special guest, Oliver Hurrey, one of the world’s foremost experts on purposeful procurement. Through his work on sustainability and decarbonization in the supply chain with the Scope 3 Peer Group and the Sustainable Procurement Pledge, Oliver is the ‘real deal’ when it comes to empowering purpose-driven procurement teams to create meaningful change. In this episode, Oliver shares compelling real-world examples of instances where procurement has looked beyond traditional measures of success – and some pretty challenging constraints – to find purpose and meaning, proving what is possible when procurement takes a deliberate approach to problem solving. For example, Oliver shares how an innovative carbon pricing initiative is transforming the way major corporations evaluate suppliers, and the story of one little-known family-owned painting business that impressed seasoned procurement leaders at an international conference by sharing how they frame sustainability initiatives as a competitive advantage. These stories of purposeful procurement prove how procurement can lead organizational change and differentiated value creation when they choose to innovate beyond the status quo, to emphasize and incentivize the right KPIs, and to stand up to broken, ineffective systems. Oliver’s own experiences with purpose-driven procurement create a clear path for what’s to come in episode 4 and beyond in “Buy: The Way…To Purposeful Procurement” as we dive increasingly deeper into how procurement can envision and implement the kinds of transformative practices that create meaningful, lasting impact. Links: Oliver Hurrey on LinkedIn Rich Ham on LinkedIn Learn more at FineTuneUs.com
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42:12
778: Business Waste - The Silent Value Killer W/ Pratik Patel
“I look at building a business case in terms of storytelling, and the story that you have to be able to tell in procurement is around better, faster, and cheaper.” – Pratik Patel, Director - Category Management - Labor/North America Technology Spend, Mastercard Understanding how to address skeptics, overcome objections, and communicate procurement’s value will ultimately determine how much buy-in (and resources) procurement receives. This holds true whether you are building a business case to establish a new procurement function or lobbying corporate leadership in a well-established team. In this episode, Philip Ideson talks with Pratik Patel, Director - Category Management - Labor/North America Technology Spend at Mastercard, about how procurement can use everyone’s desire to eliminate waste to build a strong business case for investment and support. Pratik also discusses: How procurement can utilize the “DOWNTIME” acronym to tackle waste and apply lean principles to procurement Ways to build stronger relationships and contracts by level-setting expectations and avoiding over-specifying Refining your approach to problem solving by focusing on the root cause and minimizing unnecessary steps Links: Pratik Patel on LinkedIn Subscribe to This Week in Procurement Subscribe to Art of Procurement on YouTube
Learn from procurement experts. Host Philip Ideson talks with thought leaders who share the trends, strategies and tactics that you can lever to elevate the role of procurement - and your career.
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