Executive Briefings

Sourcing and Procurement Need Policy Change in Order to Work Properly

Organizations have a propensity to develop procurement policies that stem from virtues of compliance, standardization and control. However, sourcing and procurement policies frequently fail upon implementation, as they lack the substantial bite to gain traction. When it comes to policies, actions have a tendency to speak louder than words, as they are intended to initiate and ultimately perpetuate behavioral change. With the intent of invoking change, there are several simple considerations to put teeth in procurement policies to mitigate the challenges of implementation and adoption.

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Organizations have a propensity to develop procurement policies that stem from virtues of compliance, standardization and control. However, sourcing and procurement policies frequently fail upon implementation, as they lack the substantial bite to gain traction. When it comes to policies, actions have a tendency to speak louder than words, as they are intended to initiate and ultimately perpetuate behavioral change. With the intent of invoking change, there are several simple considerations to put teeth in procurement policies to mitigate the challenges of implementation and adoption.

Read Full Article