Climbing Mountains, ESG Attacked, Automated Supplier Negotiations
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Hey Procurement Legend,
Say welcome to the 74 new Procurement Legends who have joined our community. Please look out for an email on Sunday where you can all introduce yourself.
This week is weird as I have the 3 Peaks challenge next week. This means I will reach the summit and get back down on each of the UK's tallest mountains within 24 hours. So I’m still training, nursing a slight injury, and trying to get ready for this. It should be good fun, and I’m psyched to try out another endurance challenge.
If any of you can spare even a £1/$1, we’re raising money for SOS Children’s Villages Charity, which is literally changing the lives of children and families worldwide.
So what’s on my mind this week?
I had a lot of positive feedback for this article;
Is Supply Chain ESG Woke?
Hey Procurement Legend, something a bit different today. I’m making this more of a neutral article because, and I’ll be totally honest with you, I’m sitting on that spiky hedgerow unsure where I might land when I make my mind up on this. But I do think this is an incredibly important conversation point and something to keep in mind. We don’t want to fall…
We, in Procurement, can act as guardians of the well-being of so many people, but the ever-increasing politicisation of ESG as a concept could bring down a lot of good progress in that area.
Additionally, it turns out a lot of you are interested in Tesla and Elon’s approach to Supply Chain.
Master Supply Chain like Elon Musk at Tesla
Hey Procurement Legend, this is our regular Friday deep dive focusing on Elon Musk and the approach Tesla takes to manage its suppliers. Every Friday, I dive as deeply as possible with a heavily researched topic to help you improve at Procurement.World of Procurement is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.
I’ll be putting together some video content around Tesla’s supply chain and more content on Elon’s approach to Supply Chain throughout the rest of this year.
Here are 3 Pieces of Content I think you should check out:
How Walmart Automated Supplier Negotiations
I’m currently researching AI in Procurement Tech for the State of Procurement Tech piece for August. This article I came across earlier this year shows where negotiations are heading.
How Many Years of Education Does It Take to Understand the Average Business Contract?
Ken Adams is one of the go to people when it comes to contracting. He’s actually created this incredible book here, which I recommend each of your Procurement teams/contract teams pick up and share as a resource to navigate contract complexities. I used the 4th edition in my previous role.
RECOMMENDED BOOKS
As an Amazon Associate I earn from qualifying purchases.
Trade wars, pandemics, and chaos: How digital procurement enables business success in a disordered world - BUY HERE
Profit from the Source: Transforming Your Business by Putting Suppliers at the Core - BUY HERE
Chip War: The Fight for the World's Most Critical Technology - BUY HERE
The End of the World Is Just the Beginning: Mapping the Collapse of Globalization - BUY HERE
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See you next Wednesday for another newsletter,
Daniel