People oriented:Internally, procurement talks to all departments and  at all levels: BU heads,  R&D engineers , sales rep etc. let's say you are procurement officer for some electronics company...or biomedical company...etc. The procurement process flow is the strategic process of sourcing a product or service. Involved in problems that really matter to all: Oh-my-god-why-did-I-ask-the-question-it's-going-to-be-so-boring! In some situations, it may even mean some suppliers refuse to do business with your company, so while it sounds like a good option on the surface, it can have serious unintended long-term … In summary, I dare to say that procurement is far from being boring. In perspective, my dad, who is an architect , gets always smiles and genuine interests from others.So "yes, yes and yes" some parts of procurement are not really fun like contract multiple reviews, PO creation, etc. On the surface, the job of procurement has no great appeal to it, it sounds boring and mundane. What will you gain from this Course? Do you want to save the world from boring food? In procurement, the staff tries to find the correct goods and services at the right and affordable price, ensure the quality of goods, and if they meet the purchaser’s requirement of quality, quantity, time, and location. Purchase to Pay – Are you a leader or a laggard? the job, is it boring? Environment: how can procurement help reducing our company and its suppliers impact on the environment? So, to the young professionals looking at their future career or anyone looking for a change in their career path, procurement is an exciting place to be. The Guam Procurement Process Primer is the only comprehensive guide to all the laws, regulations, administrative and court decisions concerning Government of Guam procurement. Your reaction to the words "Agile Procurement" may be "wow, what a boring topic." Do you find yourself well in a … CPO cannot sit behind a desk and play with his/her ERP, we need to create a link with people. I think that the benefits go further. We are currently looking for a Procurement Manager to join us. Supply Chain Management (SCM) is the handling of the flow of goods and services from the raw manufacturing of the product through to the consumption by the consumer. Procurement entitles the acquisition of goods, services or works from an external source. September 14, 2020. They are full of jargon procurement language, super boring and often hard to understand. Mark Perera wrote a piece recently in the Procurement Intelligence Unit blog asking “How do you measure procurement’s value? We must understand our internal departments/businesses to define with them their needs and issues.As well, we have to engage with the outside world: the most obvious external interaction is with suppliers. In fact, according to the PwC Global Economic Crime and Fraud Survey 2018, procurement fraud is one of the most commonly reported economic crimes globally. ),  I've noticed that as soon as I tell my job title I face the 3 typical reactions. Some jobs can be monotonous: each day, you arrive at the same time, read the same emails, make the same phone calls, sit through the same boring meetings, and come back the next day for the exact same routine. Direct/Indirect Cost Drivers for price calculations. Elon Musk, The Boring Company and the procurement dilemma. If the business has no respect for procurement, they’ll continue to use their own suppliers and it doesn’t matter what great discount procurement have negotiated, if they’re not used, no value gets delivered and the perception really does become a reality – procurement delivers no value. Procurement Fraud . They certainly don’t need procurement to tell them. How to build a business case part 1 – benefits, costs and timescales, How to build a business case part 2 – compiling the business case, How to build a business case part 3 – interpreting the business case, How to build a business case part 4 – presenting the business case, How to write an RFI for e-invoicing – part 1 – Dos and don’ts, How to write an RFI for e-invoicing – part 2 – Preparing the RFI, Developing a business case for e-invoicing – the approach, Developing a business case for e-invoicing – the numbers, Developing a business case for e-invoicing – show me the money, e-invoicing business case – the icing on the cake, Procurement Has a Big Problem – It’s Boring, Learning from litter – creating the new normal in P2P. There is a particular motion or routine to it that sometimes even the best procurement manager can find that they fall into a rut and just going through … If on the other hand procurement is delivering revenue and the business targeted on its procurement related revenue contribution – that sends a much stronger message than waving the P2P stick and shouting about compliance. In fact, when we talk with CIOs, Agency Leaders, Procurement Officials inside government they tell us that the number one barrier they have to modernizing government by introducing new technologies is a procurement process that - quite frankly - cannot keep up with the pace of technology innovation. And we promise you, this is NOT just another boring video about procurement. By using this site, you agree to this use. That is the question I recently posed based on the perception that I have heard from the outside that procurement is a boring profession. Metal Boring Machines & Drilling Machines (B2B Procurement) Thailand Summary: 2020 Economic Crisis Impact on Revenues & Financials eBook: DataGroup, Thailand Editorial: Kindle Store Because purchasing is a process within the overarching procurement process, both procurement and purchasing are often used interchangeably. In this episode I explore why others may feel that procurement is boring, when practitioners believe it is anything but. Do you just sit at the company, buy 100 test-tubes, 25 bottles of ammonia...or 500 so-and-so transistors...and that's it? The underground often presents obstacles and complex projects spanning miles of tunnel multiply those risks. Is our company data secured? It sounds boring. Data privacy: how to ensure that our employees and clients data is protected correctly? But in procurement, predictability and avoiding risk are hallmarks of an effective and successful organization. EU current and up-coming regulations). And that’s why I think rebates are great. E-procurement’s second wind – one of the most boring things in the world is about to get interesting (1). Everybody benefits from taking a risk or two in their personal life on occasion. in the course of procurement exercises must be notified in accordance with the relevant instructions to tenderers via CRL’s eSourcing system (Bravo) pursuant to awarded contracts should also be notified to the Project Manager, the Employer’s Representative or the contract administrator nominated by CRL in the relevant contract for this purpose. The course is prepared by the Procurement Professional for Procurement Professionals, so it brings not only the boring theory, but applied knowledge and practical tools. Let’s not get too carried away! I have been working in Procurement since 2012, and in Purchasing in one form or another since 2000 - so I've been doing it for a while. The efficiencies that procurement and purchasing software can bring to your company’s procurement strategy can eliminate overspending and yield huge savings (both time and money), regardless of the size of your organization.. During any social events (cocktail, diner etc. We and third parties such as our customers, partners, and service providers use cookies and similar technologies ("cookies") to provide and secure our Services, to understand and improve their performance, and to serve relevant ads (including job ads) on and off LinkedIn. Accordingly I'd welcome some comments from the sub, if you're so inclined. Procurement management also involves oversight of the supplier evaluation and … What do you mean “where’s the connection?”. I would like to explore a move out of Procurement, or at least a change of role. It’s true, it sits close to the very end of the lack-of-glamour spectrum within the dusty and poorly lit back office of most organisations. Rebates won’t work every time but they can be a very effective way of evangelising the benefits of procurement and changing the purception of the procurement function from boring to, well, less boring. Procurement is the process of finding and agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process.. Procurement generally involves making buying decisions under conditions of scarcity. You can change your cookie choices and withdraw your consent in your settings at any time. How to make sure we understand and comply with regional data privacy laws (ex. This website uses cookies to improve service and provide tailored ads. It comes after the Mayor of Chicago, Rahm Emanuel, visited Musk in LA to hear more of the billionaire’s … The course is prepared by the Procurement experts, leaving out the boring theory while providing useful knowledge and practical tools. Procurement management is the practice of planning and directing the activities of purchasing agents who buy materials needed for the operations of a company or organization. Procurement Has a Big Problem – It’s Boring. Involved in problems that really matter to all:This is, for me, the most interesting aspect of procurement : working on subjects that are globally important. Procure with Purpose | by Sammeli Sammalkorpi on 05/10/2020 03:52 | 2 comments | 6 likes. Conclusion. Every day in a procurement role is different. Joins us and we will save you from boring work! Negotiating a fixed pricing for a project purchase can be tricky if you don't have the data (client budget, quantity to be delivered at what period etc..) but you can't do much without soft skills, regardless of how deep you dived into the project. Below main areas that are really important: In summary, I dare to say that procurement is far from being boring. See more. On a purely procurement perspective, the job is fast-paced and very demanding in soft skills. Select Accept cookies to consent to this use or Manage preferences to make your cookie choices. See our. Procurement is boring How long was it from the invention of the wheel to mass production of automobiles? 5. It’s true, it sits close to the very end of the lack-of-glamour spectrum within the dusty and poorly lit back office of most organisations. However, there are ways to manage and reduce risk in our industry. When SpaceX and Tesla CEO Elon Musk announced via Twitter that his latest company, The Boring Company, will bid for a new high speed link connecting O’Hare Airport to downtown Chicago, the Twittersphere went into overdrive. Not another boring video about procurement. What's procurement? Search for full time or part time employment opportunities on Jobs2Careers. What is Financial Supply Chain Management? Do you have a relevant experience in procurement management in FMCG area? That said, this is very short sight on the full scope of work done by CPOs/Buyers.