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We dive deep into what procurement professionals actually do day-to-day, breaking down misconceptions and revealing the strategic value behind the function. Sharing personal experiences, we explore how procurement is about far more than simply blocking progress or finding the cheapest price.
• Procurement isn't about delaying projects out of spite but conducting essential due diligence to protect companies financially and reputationally
• Supplier selection often involves working with stakeholders' preferred suppliers rather than always running formal tenders from scratch
• Contract negotiation requires commercial and legal understanding despite most procurement professionals not having formal legal training
• Best value doesn't mean lowest price - procurement aims to find the right quality at the right price without compromising what's important
• Stakeholder management and education takes up a significant portion of a procurement professional's time, often more than supplier engagement
• Typical daily activities include reviewing contracts, attending meetings, processing requisitions, and maintaining supplier relationships
• Public and private sector procurement differ significantly in approach to supplier selection and contractual terms

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