How Can Procurement Build Trust and Drive Value?

Question

How do you think we can demonstrate that Procurement adds value to stakeholders?

Pawan Bista · Answer

Transparency: Ensure clear communication, open bidding, and data sharing for accountability.
Relationship Building: Collaborate with suppliers, engage stakeholders, and seek regular feedback.
Deliver Value: Focus on cost savings, consistent quality, and innovation.
Ethical Practices: Promote fairness, sustainability, and compliance with regulations.
Leverage Technology: Use digital tools and analytics to streamline processes and make data-driven decisions.