Procurious Big Ideas Panel #3 - Are Business Costs Too High or Too Low? - Procurement Class


Topic: Big Ideas 2015
Lessons: 1 video lesson
Total length: 42:15 min

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Class summary

The Big Ideas Summit 2015 – the world’s first digitally-led think-tank for procurement and supply chain professionals was held in London in April…..and amplified to more than 5000 members of Procurious across 100+ countries.

The event sparked vigorous debate across social media and #BigIdeas2015 was mentioned 759 times in 24 hours (reaching a potential audience of 1m+).

In the third panel discussion of the day, Dr Jules Goddard chairs a 'fishbowl' discussion where participants are asked to argue both sides of the question, 'Are business costs too high or too low?'.

The panel started with Chris Lynch, Theano Liakopoulou, Chris Sawchuk and David Noble, gradually interchanging the other thought leaders as the discussion progressed. In an often heated environment, a number of hot topics were raised and some great insights released.

What I will learn

Learn what the experts have to say on the idea of costs being too high vs. too low
Understand that there are always more ways to measure, even if some KPIs receive more attention that others
Understand why procurement often struggles to account for social value


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