What type of procurement persona are you?
The four procurement personas are:
Research has revealed that there are four types of procurement innovator.
The four procurement personas are:
- high-level visionaries
- enlightened activists
- early strategists
- pragmatic professionals
These four personas have been developed based on research with 100 senior UK procurement executives, which shows that at least 80 percent of procurement professionals are seeking to challenge the status quo through innovation, but less than one in five are innovation visionaries and many are taking different paths to reach their innovation potential.
The research revealed that 18 percent of respondents considered themselves ‘high-level visionaries’, committed to technology and using data insights to influence business innovation; 36 percent are ‘enlightened activists’, successfully driving change and delivering business value through high technology adoption; 30 percent are ‘early strategists’, still sowing the early seeds of procurement innovation with many opportunities ahead of them; 20 percent are ‘pragmatic professionals’, less innovation focused but still open to using it to improve procurement practice.
If you would like to find out what type of procurement persona you have then there is a simple quiz here: What type of procurement innovator are you?
Daniel Ball, Director at Wax Digital commented on the findings: “What’s really positive about these findings is that almost all procurement professionals see value in innovation and are involved in it, whether that’s changing the way they do things in their department, or as is increasingly the case, influencing how the business as a whole should adapt too.
“While early innovators tend to be dealing with more fundamental changes, such as implementing technology for the first time, they have the biggest ambitions for innovation in the near future. At the more experienced end of the spectrum we see a mix of procurement working hands on to drive business innovation and senior procurement advisors consulting on the business big questions around future change.
“And these findings ring true with what we see working with procurement teams on a day to day basis. The function is shedding its stuffy and administrative reputation, investing in technology that integrates the whole sourcing and purchasing process delivering valuable insight, enabling them to be bolder in showing the business what it’s capable of.”
The personas are based on research conducted by MORAR Consulting with 100 senior UK procurement executives in spring 2016, commissioned by Wax Digital.
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EU and US agree end to Airbus-Boeing supply chain tariffs
The EU and US have agreed to resolve a 17-year dispute over aircraft subsidies, suspending tariffs on billions of dollars' worth of goods that have plagued procurement leaders on both sides of the Atlantic.
Under an agreement reached by European Commission Executive Vice-President Valdis Dombrovskis and US Trade Representative Katherine Tai on Tuesday, the tariffs will be halted for a period of at least five years.
It will bring an end to punitive and disruptive levies on supply chains that have little to do with the argument, which became embroiled in the trade battle. Businesses on both sides of the dispute have been hit with more than $3.3bn in duties since they were first imposed by the US in October 2019, according the EC.
The US imposed charges on goods upto $7.5bn in response to a World Trade Organisation ruling that judged the EU’s support of Airbus, its biggest aircraft manufacturer, unlawful. A year later in November 2020, the EU hit back. The WTO found the US had violated trade rules in its favourable treatment of Boeing, and was hit with EU duties worth $4bn.
In all the tariffs affected $11.5bn worth of goods, including French cheese, Scotch whisky, aircraft and machinery in Europe, and sugarcane products, handbags and tobacco in America. Procurement leaders on both sides of the fence were forced to wrestle with tariffs of 15% on aircraft and components, and 25% on non-aircraft related products.
Boeing-Airbus dispute by the numbers
- The dispute began in 2004
- Tariffs suspended for 5 years
- $11.5bn worth of goods affected by tariffs
- $3.3bn in duties paid by businesses to date
- 15% levy on aircraft and 25% on non-aircraft goods suspended
Both sides welcome end to tariffs
European Commission President Ursula von der Leyen branded the truce a “major step” in ending what is the longest running dispute in WTO history. It began in 2004.
“I am happy to see that after intensive work between the European Commission and the US administration, our transatlantic partnership is on its way to reaching cruising speed. This shows the new spirit of cooperation between the EU and the US and that we can solve the other issues to our mutual benefit,” she added.
Both aircraft manufacturers have welcomed the news. Airbus said in a statement that it will hopefully bring to an end the “lose-lose tariffs” that are affecting industries already facing “many challenges”. Boeing added that it will “fully support the U.S. Government’s efforts to ensure that the principles in this understanding are respected”.
The US aerospace firm added: "The understanding reached today commits the EU to addressing launch aid, and leaves in place the necessary rules to ensure that the EU and United States live up to that commitment, without requiring further WTO action."
This week’s decision expands upon a short-term tariff truce announced in March this year. The EC says it will work closely with the US to try and further resolve the dispute, establishing a Working Group on Large Civil Aircraft led by each side’s trade minister.
Airbus last month signalled to suppliers that post-pandemic recovery was on the horizon, telling them to scale up to meet a return to pre-COVID manufacturing levels. “The aviation sector is beginning to recover from the COVID-19 crisis,” said Airbus chief executive Guillaume Faury, adding that suppliers should prepare for a period of intensive production “when market conditions call for it.”