The Strategy Skills Podcast: Strategy | Leadership | Critical Thinking | Problem-Solving cover image

492: The Future of AI and Personalization with David C. Edelman, HBS Lecturer and Former Fortune 50 CMO

The Strategy Skills Podcast: Strategy | Leadership | Critical Thinking | Problem-Solving

CHAPTER

Inefficiencies in Traditional Procurement Practices

This chapter explores how minor costs in procurement can accumulate to significant losses, highlighting the staggering total of $900 billion over time. It critiques traditional procurement methods that often lead to inefficient decision-making and emphasizes the need for modern approaches to adapt to changing market conditions.

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