“If procurement wants to have an outsized impact, they need to provide value in a way that alters how decision making happens.” - Philip Ideson, Founder and Managing Director of Art of Procurement

In this episode, Philip Ideson, Founder and CEO of Art of Procurement, welcomes the procurement community into 2024 by continuing an annual tradition of sharing his perspective on the most important issues, challenges, and opportunities procurement is likely to face in the new year.  

Technologies like AI are now changing the face of the profession we love and today’s uncertain macro environment shows no signs of abating. Collaboration between procurement, supply chain, finance, HR, operations, IT, and all other business functions are more important than ever before. 

Amid all of these changes and existential reckonings, Philip encourages procurement to look inward and think deeply about 3 key questions in 2024:

1. What is the purpose of procurement in your organization?
2. How can you create a true competitive advantage, and what are you doing to achieve that?
3. How are you driving differentiated decision making in 2024?

Links:

• Subscribe to This Week in Procurement
• Philip Ideson on LinkedIn
• 3 Key Messages to Procurement Leaders in 2023
• 2021 Annual Letter (Part 1): Day 1 for Procurement
• 2021 Annual Letter (Part 2): Celebrating Successes and Looking Forward
• 2019 Annual Letter (Part 1): Procurement In Review
• 2019 Annual Letter (Part 2): Art of Procurement In Review
• AOP 2018 Annual Letter (Part 1): Procurement in Review
• AOP 2018 Annual Letter (Part 2): Art of Procurement in Review