Challenges and Best Practices in Operational Procurement

This Skill Bit shows that operational procurement faces challenges like supplier reliability and inventory management complexity. Solutions involve diversifying suppliers, implementing advanced systems, and fostering communication. Contract adherence and invoice discrepancies require clear communication and automated systems. Best practices include technology integration, supplier collaboration, continuous improvement, data-driven decisions, cross-functional collaboration, and employee training. Operational procurement, vital for daily operations, thrives on strategic alignment, efficient communication, and continuous improvement, ensuring seamless resource flow.

Duration approx. 5 Min.

Tier: advanced

A part of Procurement for Contract and Project Managers course.