The "Idiot Index": How Elon Musk Became Obsessed with Procurement Costs
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The "Idiot Index": How Elon Musk Became Obsessed with Procurement Costs
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What is the "Idiot Index," and why did it make Elon Musk an ultra-obsessed procurement buyer? In this episode, Tom Finn and Alan Veeck break down Musk’s radical approach to cost, revealing how to use his "Should Cost Model" to expose massive markups from your suppliers. Learn how to apply Musk's "10% Rule" to over-delete unnecessary steps in your processes and instantly simplify complex, cost-inflating regulations. They also cover the secret to building a Musk-level team: hiring for attitude because skills can always be taught, but attitude requires a "brain transplant". Plus, discover how his "Go to the Problem, Stay There" rule and the power of "Showmanship" can transform your procurement team into a strategic, cost-crushing force.
Apple Podcasts
podcasts.apple.com/us/podcast/rebuild-procurement-podcast/id1768130877
Amazon Music
music.amazon.com/podcasts/4269f220-cf02-42d6-8ddf-4a8f10274d3f/rebuild-procurement-podcast
Spotify
open.spotify.com/show/0WfZWoXNpyYr7raEgdUXrN+
#ElonMuskProcurement #MuskPrinciples #ProcurementStrategy #CostReduction #IdiotIndex #ShouldCostModel #10PercentRule #ProcurementCareerAdvice #HiringStrategy #Leadership #ProcessSimplification #ReverseAuctions #SpaceX #Tesla #SupplyChain #HowToDriveOutCost #HowToSimplifyProcurementProcess #HowToHireInProcurement #WhatIsTheIdiotIndex #ElonMuskOnBusiness #RebuildProcurementPodcast #TomFinn #AlanVeeck
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Apple Podcasts
podcasts.apple.com/us/podcast/rebuild-procurement-podcast/id1768130877
Amazon Music
music.amazon.com/podcasts/4269f220-cf02-42d6-8ddf-4a8f10274d3f/rebuild-procurement-podcast
Spotify
open.spotify.com/show/0WfZWoXNpyYr7raEgdUXrN