Finnish Procurement Analytics Solutions provider Sievo generated an interesting discussion on Twitter late last week when it posed this question: “What the heck is procurement? How would you explain procurement to a smart 11 year old?”
The tweet prompted some interesting responses from some of the the industry’s well-known influencers. Here’s a summary:
@BuyersMeetingPoint: “You know those plastic bags at the supermarket that the apples go in? Where do you think those come from?” [Insert blank stare here.] #Procurement helps companies do a good job buying things and spending money so they can make money.
@SigiOsagie: Well, for an 11-year old, I’d probably say #procurement is buying/shopping for things an organisation/company needs to operate — somewhat like shopping for the things a family needs to live, but the family here is a ‘work family.’