The Game Theory of Procurement and RFPs
Jeff Bezos is one of the wealthiest men in the world. He is extraordinarily good at management. He has a useful analogy for decisions. “Some decisions are consequential and irreversible or nearly irreversible – one-way doors – and these decisions must be made methodically, carefully, slowly, with great deliberation and consultation. If you walk through […]
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.