How to improve procurement capability when soft issues are hampering ability
The global economic downturn of 2008 compelled organisations of all sorts to focus on costs and seek ways to optimise their procurement capability, yet a lack of understanding of the softer issues of business are holding many organisations back, according to new book ‘Procurement Mojo’.
For most companies, the single largest or second largest area of costs is procurement from suppliers.
Even in boom times, savvy enterprises are constantly looking for ways to optimise procurement spend to boost profitability. Averting fraud and other business risks, such as the recent horsemeat scandal, is another reason smart executives strive to enhance their procurement capability.
However, only a minority are able to achieve this. Many procurement practitioners are beset by challenges – ‘soft’ issues – and struggle to incorporate effectiveness to their functional activities, claims procurement expert Sigi Osagie.
In his new book Procurement Mojo: Strengthening the Function and Raising Its Profile, Sigi focuses on these all important ‘soft’ issues and provides practical techniques to navigate organisational dynamics and achieve effective procurement in the modern-day business. Osagie teaches readers how to apply personal and organizational effectiveness to the procurement job.
“It is The 7 Habits of Highly Effective People applied to the activity of procurement” explains Sigi, who is a successful interim executive, consultant and coach. He specialises in transformational improvements in procurement; supply chain management, and leadership and organizational effectiveness.
Osagie continues: “Many procurement practitioners yearn for practical solutions that will enable them to navigate organisational dynamics and be more effective and successful on the job. Procurement Mojo is targeted primarily at these professionals, as well as business leaders and senior executives responsible for procurement spend who are kept awake at night by challenges of ‘cost control’ and how to improve their procurement capability.
Procurement Mojo launched on 18th September and is available from Amazon and all good bookstores.
Searching for the Top 100 Leaders in Supply Chain
The search is on for the Top 100 Leaders in Supply Chain 2021 – nominated by readers of Supply Chain Digital magazine and open to all.
The initiative has been launched and nominations are now open, with the final, prestigious Top 100 due to be announced during Procurement & Supply Chain LIVE running 28-30 September, beamed from London to the world.
This latest, definitive list of the leading executives and influencers in the industry will be announced at the event and shared across social media channels, this website, and presented in a special supplement that honours all of those named in our annual list.
The Top 100 Leaders follows on from the well-received Top 100 Women in Supply Chain that BizClik Media Group (BMG) – publishers of Supply Chain Digital, Procurement Magazine, and a growing portfolio of industry-leading titles – produced in March this year to coincide with International Women’s Day.
“The Top 100 Women recognised the incredible and influential women driving our industry,” says Scott Birch, editorial director, BMG. “The success of that initiative encouraged us to recognise the Top 100 Leaders – individuals championing everything that we love about supply chain and embracing best practice that’s good for business.”
Nominations are already coming in, with some notable highlights including:
Nominate your Top 100 Leader HERE.
The deadline for nominations closes on Sunday 1 August 2021, and it is free to nominate. The Top 100 Leaders will be announced across our platforms and at the LIVE event.