I hope that you have enjoyed the article “How To Increase Procurement’s Credibility.”

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In the article, I shared three ways that leading procurement departments have increased their credibility with stakeholders.  In this post, I will share a fourth.

4.  Dispel the “Procurement only cares about price” myth.  Many stakeholders hate dealing with Procurement because they believe the stereotype that procurement professionals only care about getting the lowest price.  And if you don’t tell them otherwise, who will?  Leading procurement departments dispel that myth by clearly communicating the factors that Procurement considers in its decision-making, emphasizing the factors that are important to stakeholders and giving them the opportunity to participate in decisions involving supplier selection criteria and weightings.