SUPPLY CHAIN
INADEQUATE USE OF FUNDING OR RESOURCES CC : It ’ s much easier to ask for funding or resources when you ’ ve some points on the board , so identify and deliver some quick wins . Seek out more-progressive business partners who may be able to fund the kind of innovation that can be used as a proof of concept for a bigger ask .
LACK OF C-SUITE BACKING NW : Any significant project needs buy-in from the CFO and other board members , and that has not always been the case with procurement . But I ’ d say the past two years of supply chain challenges has shone a light on the procurement function . Third-party risk management , balancing efficiency with resilience , making sure there ’ s enough stock in the warehouse . These things are front-ofmind right now . Strike while the iron ’ s hot .
CC : This slows down the flywheel of change more than anything . To avoid it , you ’ ve got to build an understanding of what procurement can bring to the table , and demonstrate the ability to deliver bottom-line value . You ’ re going to have to invest time and energy into building relationships and finding allies .
Look beyond your organisation for mutual peers in similar companies who can help you build a best-practice story and communicate the value you can deliver .
“It ’ s important to simplify processes , to maximise value and minimise complexity ”
NIC WALDEN SENIOR ADVISOR , PROCUREMENT ADVISORY MEMBERSHIP PROGRAMME , HACKETT GROUP supplychaindigital . com 41