Jamie Pierre’s Post

Great piece here from Zip's very own Brooks Rocco's 🛠️ What is the difference between Intake and Procurement Orchestration? https://lnkd.in/gvNT-ti2 Best take away for me 🧐 "Understanding the way Intake Management and the broader Procurement Orchestration differ—and strategically align—is what allows procurement to optimise every dollar and minute spent at each node of the procurement process, from Intake-to-Pay." 👏

Quote of the Day ☑️ Your procurement decisions today have a significant impact on the success stories of tomorrow. The choices you make now will shape the future outcomes of your organization. It is crucial to carefully consider the suppliers, products, and services you choose to ensure long-term success. Effective procurement strategies can drive innovation, enhance efficiency, and create sustainable competitive advantages. By staying informed about market trends, building strong supplier relationships, and leveraging technology, you can make informed decisions that will positively impact your business's future growth and profitability. Remember, every procurement decision you make today has the potential to shape the success stories of tomorrow.

All procurement teams, no matter their size, all go through ONE very similar issue that can actually hinder their plans and meeting their objectives. Curious to know what it is and how you can solve it? Check out the carousel below, and let me know if you agree/disagree by dropping a comment.

Procurement pros, let's talk about what we value these days: cost or creativity? Is there a happy medium? If your team could save 10% tomorrow or 15% over the next 6 months, which would you prefer? Which one adds the all important buzzword that is value? Let me know in the comments

Cost-cutting efforts backfire when procurement teams hastily negotiate. That’s usually where the shortcuts happen—when they’re on a deadline. This leads to: • Overpaying for unnecessary features • Strained supplier relationships • Mismatched solutions It's a lose-lose scenario. There's a smarter way. One that leads to: • Cost savings • Better solutions • Stronger partnerships I've helped countless teams make this shift. Learn more in this short video.

The ideal procurement process should be quick and efficient, right? We're here to serve stakeholders and safeguard the business. 💪 But let's face it, in many organizations, it's not that smooth. Yep, we in procurement take some of the blame. Our goal is to shield our organizations from risks, generate cost savings. and bring value, and we're pretty good at it. However, in our pursuit of a rock-solid organization, we end up creating these heavy, complex processes over time. The outcome? A long, bureaucratic process that nobody likes – stakeholders and suppliers included. 🤦♀️ But it doesn't have to be this way. Take a step back, 𝐬𝐢𝐦𝐩𝐥𝐢𝐟𝐲 𝐭𝐡𝐞 𝐩𝐫𝐨𝐜𝐞𝐬𝐬. You'll be surprised at how many unnecessary steps you can toss out. ✈️

I love automation , I love efficiency, love agility and bringing value to the business. In the last few years I see Procurement leaders take a step forward to assert the importance of our role and fulfilling the potential of the value we can bring. In this process some buzz words and catch phrases are being thrown by us and to us, and like any cliche, while it’s very true, what is meaningful is the process which led you to it, and I don’t see enough discussions on alignment with the non monetary company goals. Well it’s always about the bottom line and anything has $ value at the end of the day, but discussing cost reduction and contribution to profitability alone reduces the important contribution procurement could have to just the $, and we can and should bring so much more!

Quote of the Day ✅ Prioritizing excellence in procurement processes leads to informed decisions aligned with organizational goals, improving efficiency, profitability, and growth. Building strong supplier relationships through commitment to quality and professionalism results in better pricing, service levels, and access to innovative solutions. Staying informed about industry best practices, trends, and regulations is crucial in a competitive business environment to avoid costly mistakes and position the organization for long-term success and growth.

Are you ready to transform your procurement game? Here are 3 ways to involve your supply partners: • Co-Creation: Join forces with suppliers to craft win-win material strategies. • Tech Integration: Embrace technology for seamless collaboration and efficiency. • Risk Mitigation: Collaboratively spot and conquer procurement risks. Invest in trusted material partners to boost your results.

As procurement professionals, our choices have far-reaching consequences. Not just in our own companies, but across entire industries. Every supplier selection, every contract negotiation, every penny saved or spent shapes the economic landscape. In this dynamic era of technology and innovation, there's no room for complacency. We must strive to be strategic thought leaders, using data-driven insights to drive change and create value. So as you make your decisions today, remember: You're not just a buyer – you're a decision-maker with the power to inspire transformation and growth. STAY INFORMED. STAY EMPOWERED. #procurementprofessionals #innovation #supplierselection #contractnegotiation