Find the value before you hire the people.
By Ashokk N Menon · For CEOs, CFOs, PE executives and founders · About 30 minutes
Most businesses use procurement to process purchases and negotiate prices, and leave most of the value untouched. This guide shows how to judge procurement by the value it finds, how fast that value arrives, and how much of it finance can see in the P&L. Then how to resource it, before you write the job ad.
Questions it answers
- Where is the value, and how quickly can we capture it?
- How much of it actually reaches the bottom line?
- Do we need a hire, interim cover, a fractional CPO or a team?
Inside
- Part 1 · What procurement should deliver
- Part 2 · Why the value doesn't arrive
- Part 3 · How to resource it
- Part 4 · If you'd rather buy than hire
- Appendix · The eight resourcing cards
Tools you can use
- Where is your value getting stuck?
- Which questions could your procurement leader answer today?
- Hire, or bring in a team?
- Is the new hire on track at day 90?