Rewriting the Procurement Playbook Through Collaboration

Copy of GK_PodcastEpisode_Template_1400X1400

EPISODE 028

Procurement Reimagined

In this episode of Procurement Reimagined, host Daniel Barnes engages with Tim Harvey, Procurement Manager at CompSource Mutual Insurance Company, discussing the evolution of procurement practices.

They 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.

Key Quotes

"Digital workflows make everyone's life easier."
"Start with why is a must-read for leaders."
"If it's not documented, it didn't happen."

Book a call with a Vendor and Contract Management Expert here or download Gatekeeper's Introduction to Vendor and Contract Lifecycle Management (VCLM).

Rewriting the Procurement Playbook Through Collaboration

Ready to take back control?

Request your free demo of Gatekeeper

Top Rated CLM Software

Book your Free Demo of Gatekeeper