ATTN CPOs: What Not To Do in Procurement

We continued our "procurement myths" series on the Chief Procurement Officer website this week, where we dismantled one myth a day. Pierre Mitchell, chief research officer for Spend Matters and author of the series, began tackling the top 25 procurement myths last week. Stay tuned as we discuss more myths next week. Also make sure to check back on Spend Matters for a Plus post dedicated to an in-depth look at the first 10 myths in the series.

This week the procurement myths (No. 5-9) touched on category management, shared services models, rises in spending and more. Read them all below!

The Shared Services Model is Bad: Procurement Myth No. 5

PMOs and CoEs Are Bad: Procurement Myth No. 6

Spend Should Always Decrease: Procurement Myth No. 7

Category Management is Best: Procurement Myth No. 8

Take Negotiated Savings Out of Budgets: Procurement Myth No. 9

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