Re: Procurement - Inhouse or Outsource
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Yes, procurement is strategic. However before anything else is done in an organisation, Procurement must have policies and procedures that gets the buy-in of top management. Procurement has always been seen as a non-value add unit of any business. It is the reposnsibility of the procurement professionals to change that perception. How can that be done?
1. Firstly getting buy-in from top management and the entire organisation;
2. Change organisations perception of procurement;
3. Have clear policies and procedures;
4. Workshop the organisation on policies & procedures;
5. Monitoring compliance of policies & procedures;
Procure through cross-functional teams & have teams accountable. Therefore organisation will see the value add that Procurement contributes to the bottom line.
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