On the spot this week is Peter Smith, ex-president of CIPS and former procurement director at Dun & Bradstreet. Peter has extensive experience in procurement and credit management, having been involved in the industry for most of his working life. Peter is now an author and his latest book, Procurement with Purpose, explores how organisations can change the way they spend money to protect the planet and its people.
The beginning of 2022 is a challenging time for procurement teams right now. Inflation is a huge worry, supply chain issues rage on and geopolitical risk factors are becoming ever greater. Peter stresses the importance of effective supply chain management.
In this episode, Peter explains how he would mitigate risk if he was still working in procurement and what he believes those risks are. He also highlights why procurement is the driving force behind the commercial capability of a company and why company-wide buy-in is the key to procurement success.