Top 10 Reasons Why Procurement Fails
#9 Failure to Understand the Marketplace
Coming in at number 9 in the series of the “Top 10 Reasons Why Procurement Fails”, is “Failure to Understand the Marketplace”. Another lesson learned through observation of failure and another opportunity to “Fail Forward”. Let’s face it, as procurement and business professionals, we are BUSY! Now more than ever, in our roles, we are expected to do the work of more than one individual and wear many different hats and often we must prioritize and choose the best investment for our time and resources.