Complexity and Price Volatility in Procurement
We’ve written previously about the conceptual difference between complexity and complication. “To say that a process is complex is the not the same thing as saying it is complicated.” For example, we can imagine the developer of a large mixed-use residential and commercial construction project. These undertakings can have upwards of twenty-five levels between the […]
How Does Bureaucracy Affect Procurement?
Bureaucracy, for all its intent to protect the buyer, ends up hurting the buyer by limiting competition far more than it protects the buyer from bad actors.
Effective Procurement Change Is Evolutionary
Effective change, especially for small and medium-sized organizations (even those housed within a larger enterprise context), is focused and limited in remodeling business processes. Given the way we work today, any such restructuring will use digital tools inevitably. My nomination for the replacement of “digital transformation” as meaningless jargon? “Business process evolution.”