The Future of Procurement Scene 1: Commanding the Stage

Dave HenshallInfluence, TalentLeave a Comment

The stage is set in the battle for procurements future: The Future of Procurement: Commanding the Stage The Future of Procurement: Commanding the Stage – The future of the procurement function is a hot topic at the moment. Amongst the more insightful outputs comes from Oxford Economics, who recently published the results of a study that shows the evolution of procurement … Read More

Measuring Procurements Financial Impact: RONA

Dave HenshallInfluence, StrategyLeave a Comment

It is becoming increasingly important that procurement is able to measure and report its impact on company performance, using metrics the CFO will understand and accept. RONA or Return on Net Assets, is one such metric. RONA, is a financial measure that helps to express the relationship between profit, sales, expenses and total assets. RONA demonstrates how a company generates … Read More

Procurement Brand Development

Dave HenshallBrand Management, InfluenceLeave a Comment

Procurement Brand Development “A brand is a promise. By identifying and authenticating a product or service it delivers a pledge of satisfaction and quality.” Walter Landor. Why does Procurement need a Brand? Procurement’s brand is arguably the CPO’s most valuable asset. Procurement’s brand is the totality of how its stakeholders see’s, talks about, and experiences it. CPO’s must therefore have … Read More

Procurement Thanksgiving

Dave HenshallInfluenceLeave a Comment

As the US Thanksgiving holiday reminds us all that 2011 is rapidly drawing to a close we take a look at five reasons for procurement to say thanks: 1.    Procurement has had a ‘good recession’ Recessionary times has placed procurement in the spotlight.  Whilst there has been company-wide belt tightening – procurement’s increasing influence over their organizations spend has increased … Read More

Buying a Stairway to Heaven

Dave HenshallInfluence, StrategyLeave a Comment

“Yes, there are two paths you can go by, but in the long run.. there’s still time to change the road you’re on.”                                         From: Stairway to Heaven by Led Zeplin    CPO’s everywhere can learn from this line from the … Read More

Procurements Value Add: If not now – when?

Dave HenshallInfluence, Strategy2 Comments

Procurement is now front & centre of the business world. So when will CEO’s place it at the centre of their business strategy?   If ever there were a set of conditions to emphasize the procurement functions strategic place in business and the modern world, it is the current maelstrom of recession, sovereign debt, gathering inflation, political revolution and natural … Read More

The Brave CPO: Which path will you take?

Dave HenshallInfluence, StrategyLeave a Comment

The Brave CPO: Which path will you take? The Brave CPO: Which path will you take? The start of 2011 has seen a debate about procurement’s challenges as the combination of austerity drives and economic recovery converge.
 
Some commentators say the profession risks falling back into obscurity once the recovery really gathers pace. I share this concern, which was heightened by … Read More

The 'inner buyer': Raising procurement’s self-esteem

Dave HenshallInfluenceLeave a Comment

Here we argue that procurement must first adopt the right self-image before it can convince others of its value: First impressions Procurement professionals are indoctrinated into the profession with messages such as:  “you have to take the internal customer along with you”, “you have to persuade them” “you have to get their buy-in first” But what if internal customers are … Read More