Procurement Pros need Curiousity
How to Supercharge your Procurement Career with Curiousity
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Growing as a Procurement Professional has never been more crucial to the longevity of your career.
And being a Digital Practioner is fundamental to this.
But what does this truly mean?
Curiosity. That’s the secret here.
You're always collecting data when using digital solutions to undertake tasks throughout the supply chain and procurement lifecycle. Data is gold, data is oil, data…. well, it’s not quite the microchip of the current age, but it’s not far from it.
Being digital means that you’re curious about the data you are getting, and you’re always using it to lead your decision-making.
Some will say they can do this without being digital or using Excel, or by reading the news for risk trends.
You cannot.
I can get hundreds of independently vetted risk data points in seconds, have activities automated is suppliers for a foul of these, see all of my suppliers and contracts, run hundreds of RFPs in a day, understand the ESG ratings of any supplier I work with and even have requirement built via AI in a self-serve environment. I’m confident this can be done in minutes.
But what does it tell me? This is where the curiosity begins - why do some suppliers have amazing ESG records whilst some have poor ones?
Why do we always slip up on this specific contract clause around governing law and liabilities?
I cannot do enough of this type of work, which will lead to:
Faster ways of work
Cost Savings
Risk Reduction
Planet Conscious Supply Chain
Better Products
Better Services
Better Relationships
Better Contracts
If my data is poor in the first place. And everything is a data point in a digital platform which you can use.
So do what you can to get on top of this, become a digital procurement pro, protect your career, and remain curious.
Check out our new video:
3 Pieces of Content You Might Find Useful
1. Rediscovering the Fundamentals of Procurement -
This article may be three years old, but the content is very much relevant. Perhaps more so than ever.
“Procurement has languished toward obsolescence and will die if it doesn’t transform quickly”.
2. Some great insights by & Paul Barnhurst
3 - An insight into the Microchip space:
Unlike oil, which can be bought from many countries, our production of computing power depends fundamentally on a series of choke points: tools, chemicals, and software that often are produced by a handful of companies—and sometimes only by one. No other facet of the economy is so dependent on so few firms. Chips from Taiwan provide 37 percent of the world’s new computing power each year. Two Korean companies produce 44 percent of the world’s memory chips. The Dutch company ASML builds 100 percent of the world’s extreme ultraviolet lithography machines, without which cutting-edge chips are simply impossible to make. OPEC’s 40 percent share of world oil production looks unimpressive by comparison
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