Unlocking Procurement’s Potential With Storytelling and Strategy

Procurement Reimagined

In this episode of Procurement Reimagined, host Daniel Barnes speaks with Rachel, who shares her insights on the evolving landscape of procurement.

They discuss the importance of recognising and articulating the value of procurement roles, the significance of storytelling in engaging stakeholders, and the necessity of aligning procurement goals with broader organisational objectives.

Rachel emphasises the need for procurement professionals to ask questions and understand the needs of cross-functional teams, while also addressing common mistakes made in the field. The conversation concludes with a series of quickfire questions that reveal personal insights and recommendations for professional growth.

Takeaways

• Undervaluing your own contribution can hinder career progression.

• Clearly articulating procurement’s value is essential for effective engagement.

• Understanding cross-functional objectives strengthens procurement’s impact.

• Storytelling plays a vital role in communicating procurement’s purpose.

• Asking questions remains a simple yet powerful tool.

• Procurement strategies should align with wider business goals.

• Avoid unnecessarily complicating supplier and contract management.

• Stakeholder engagement requires a genuine understanding of their needs.

• Being active on platforms like LinkedIn supports professional visibility.

• Recognising the value of collaboration over competition is fundamental.
  Chapters

  00:00 Introduction to Procurement Reimagined 00:33 Lessons from Procurement Mistakes 03:17 Understanding Value in Procurement 06:10 The Importance of Storytelling 09:55 Engaging Stakeholders Effectively 12:49 Quickfire Questions and Insights