Common Procurement Misconceptions

Communication in the business world is difficult. It is usually the root cause of most major issues.

For Procurement Professionals, it is our job to convene and communicate. In an imperfect world this is a perfect recipe for frustration.

I take the perspective of procurement customers in this video and try to address identify their frustrations and explain why sourcing departments act the way they do.

Year End Spending

Having a positive budget at the end of the year doesn’t always mean you can spend the extra cash before December 31st.

Buying SaaS, subscriptions, PaaS, and even standard software may require different accounting treatments that spreads the cost over the next year.

Check with your controller before you try to cram in a year end purchase.