How the "Procurement Cult" is Killing Innovation

Procurement has become a sort of "cult" within organizations, with managers and executives treating it as the be-all and end-all of cost cutting. However, this focus on procurement is actually killing innovation and preventing organizations from achieving their true potential. Here's why.

1. Procurement focuses on short-term gains instead of long-term benefits.
2. Procurement often relies on low-cost suppliers who may not be able to provide the best quality products or services.
3. The procurement process can be lengthy and complicated, which can delay or even prevent necessary projects from getting off the ground.
4. The culture of procurement often stifles creativity and innovation.

Conclusion

The "procurement cult" is alive and well in many organizations today. However, this focus on procurement is actually killing innovation and preventing organizations from achieving their true potential.

To truly succeed, organizations need to take a more balanced approach that takes into account the needs of all stakeholders. Only then will they be able to achieve their true potential.