Why Procurement Needs More Conversations, Not More Documents

In this episode of Procurement Reimagined, we discuss the evolution of procurement practices with guest Moundir Khenfous, Director of Indirect Procurement at CAE.

We explore significant procurement mistakes, the importance of focusing on people and processes before technology, and the value of transferable skills in career development. The conversation emphasises the need for procurement professionals to adapt and embrace change, fostering collaboration and agility within their organisations.

Takeaways

• Don't make the paper pretty; focus on quality conversations.
• Fix your people and processes before introducing technology.
• Transferable skills are essential for career flexibility.
• Rethink procurement processes to enhance agility.
• Embrace bypasses as opportunities for improvement.
• Learning agility is key to career growth.
• Unlearning outdated practices is necessary for adaptation.
• Procurement can lead to diverse career paths.
• Enhancing stakeholder relationships improves procurement outcomes.
• Creating self-serve frameworks can streamline low-risk transactions.

Key Quotes:

• "Don't make the paper pretty."
• "Rethink the box to infuse agility.

Book a call with a Vendor and Contract Management Expert here or download Gatekeeper's Introduction to Vendor and Contract Lifecycle Management (VCLM).