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Combating Procurement Vulnerabilities, Throwback with Rich Ham, Ep #402

Negotiations Ninja Podcast

CHAPTER

Navigating Procurement Challenges

The chapter explores the struggles faced by procurement resources due to historical lean staffing, which has empowered suppliers to exploit vulnerabilities and drive up costs. It discusses instances of anti-competitive behaviors, challenges in defending the bottom line, and the importance of advocating for strategic thinking over short-term gains. The conversation also delves into the dynamics of relationships between procurement and service vendors, highlighting the impact of market dynamics, contract loopholes, and the need for effective supply management amidst the COVID pandemic.

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