Top 5 Procurement Challenges — And How to Overcome Them

Procurement, or the sourcing of goods and services for your business, is a crucial part of your business’s success. Learn the top five procurement challenges and how to best overcome them using new technology to help you make better, data-based decisions.
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00:00 Introduction
00:26 Top 5 procurement challenges
00:49 Lack of Internal Communication
01:40 Procurement Bypass
02:33 Difficulty tracking contracts
03:23 Poor Supplier Relationships
04:13 Lack of technology
04:33 How to overcome them
05:11 Recap
05:42 Subscribe to Jotform

[Mazhello]

Good video! I'm a Procurement Analyst at a software company and I find our team are not involved with the sourcing aspect, most times the business owners go out and find the product, and come to our team with a product or service - often times already negotiated. I guess you can say it's a "partial" Procurement bypass. How do we deal with this if our company is large (with complex purchase requests) and our team is small, without deep knowledge of the products these teams want to buy?