Curbing Maverick Buying in Procurement – A Collaborative Approach

It’s an age-old challenge where purchases bypass established procurement channels, often resulting in inefficiencies and unnecessary expenditures. While the initial impulse may be to reprimand the erring business units, this approach rarely rectifies the root of the issue.

It’s paramount for procurement departments to introspect. A foundational question arises: Have we equipped our business units with the right tools, knowledge, and clarity to make sound purchasing decisions? The onus, dear procurement professionals, largely rests on your shoulders. Ensuring compliance isn’t about stricter controls, but about clarity, communication, and collaboration.

Engage actively with the business units. It’s not merely about disseminating information but ensuring this information is timely, relevant, and easily digestible. Every contract update, every supplier change, every nuance in the purchasing process needs to be communicated. And more than just broadcasting this, it’s vital to ensure that this knowledge is understood and absorbed.

Harness the power of technology and analytics. Dive into your organization’s purchasing patterns. By gaining insights into what, where, and how products and services are being sourced, you can create targeted educational and support initiatives. This isn’t just about curbing maverick buying but fostering a culture where informed, strategic purchasing becomes second nature.

So, before the reprimands, invest time in understanding the pain points, addressing the gaps, and turning every stakeholder into a well-informed buyer. In the end, a well-guided organization is a well-performing one.

See our top 20 free advice for rapidly reducing supplier costs