There are certain things that belong together – the reaction and the action, the chicken and the egg, In their own right, separate entities and concepts, however, in existence one thrives from that of the other. For procurement, cost savings and risk are similarly difficult to consider in isolation.
Procurement has been faced with fundamental changes of the business environment over the last few years and from my point of view there is one decisive factor to turn threads into opportunities: people.
A little while ago, I attended a roundtable event in London hosted by Business in the Community after Procurement Leaders was asked by the charity to support a new initiative it is promoting called The Access Pledge.
Whatever the finding of the government-backed investigation, the impact of the high profile allegations aimed at Royal Bank of Scotland with regard to its treatment of small and medium enterprises could have wide-reaching implications.
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