"3 Signs Your Procurement Process Has Shifted from Complicated to Complex"
Video Description:
In this enlightening video, Simon Rondeau, Principal Consultant at Advanced Product Delivery, discusses the three critical signals indicating that your procurement process has transitioned from complicated to complex. Learn how to recognize these signs and adapt your approach to manage the demands of complexity effectively.
Key Points Covered:
Understanding the changing nature of requirements and how to manage them.
The importance of adaptive and responsive strategies in complex procurement scenarios.
The role of relationships and collaboration in navigating complexity.
Identifying the signs of complexity: uncertainty, change, and messiness.
Using shorter feedback loops and iterative approaches to address complexity.
The impact of procurement bottlenecks on agility and responsiveness.
Strategies for adopting principle-based, adaptive procurement practices.
Join us as we explore how to shift your mindset and processes to thrive in complex procurement environments. Don't miss out on these essential insights to enhance your procurement strategy!
Timestamps:
00:00 - Introduction: Shifting from Complicated to Complex
00:23 - Changing Requirements and Approaches
00:49 - Recognizing Complexity in Procurement
01:03 - The Need for Responsiveness and Adaptability
01:15 - Running Experiments and Iterations
01:45 - Collaborative Market Engagement
02:24 - Addressing Procurement Bottlenecks
02:55 - Adapting to Complexity with Principle-Based Approaches
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