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Month: December 2021

Procurement in Action: Putting the ‘Strategic’ in Strategic Procurement

Venn Diagram of 'sell alcohol' and 'throw events' where the opportunity for LVMH is in the middle
The Strategic Procurement opportunity for LVMH was the middle ground between the needs of their system and their own goals

One of my closely held beliefs is that anything an organisation does should power its goals. This is key to making building strategic procurement.

Published December 20, 2021
Categorized as Procurement In Action Tagged Strategic Procurement

Total Cost of Ownership & A Calamitous Bike Owner

Calculating the total cost of ownership of owning a bike

How is total cost of ownership calculated? Take the initial purchase price and add the additional costs expected during its lifespan. Let’s take the example of owning my bike.

Published December 11, 2021
Categorized as Procurement Theory Tagged Total Cost of Ownership

Recent Posts

  • Category Management or You Spend HOW Much?!
  • Procurement in Action: Putting the ‘Strategic’ in Strategic Procurement
  • Total Cost of Ownership & A Calamitous Bike Owner
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  • Supplier Appraisal: Would you buy from Wonka Industries?

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