Big Conversation: What 2024 means for Procurement with Tom Mills

Rich is joined by Tom Mills - Head of Procurement and Properties at Bibby Financial Services and Founder of Procure Bites.
 
They delve into topics such as the state of procurement in 2024, the impact of procurement scandals on the profession's image, the necessity and value of procurement to businesses, and even the potential role of technology like AI in procurement. 

Tom shares his perspective on the importance of diversity and supply relationship management within procurement. The conversation highlights the challenges and opportunities that procurement teams will face in 2024, from managing cost savings while focusing on ESG objectives, to dealing with political transitions and supply chain disruptions. 

We talk about our books to read:

• Oversubscribed: How To Get People Lining Up To Do Business With You by Daniel Priestley
• The 10X Rule: The Only Difference Between Success and Failure by Grant Cardone
• Before the Coffee Gets Cold by Toshikazu Kawaguchi

00:21 Introduction to the Big Conversation

00:50 The State of Procurement in 2024

01:43 The Impact of the Horizon Scandal on Procurement

02:25 The Role of Procurement in Vendor Selection and Relationship Management

03:25 The Challenges and Opportunities for Procurement in 2024

05:33 Big themes and the Impact of Global Events on Procurement

08:38 The Role of AI in Procurement

13:40: Re-imagining Procurement's role

16:42 The Future of Procurement Talent

22:49 Looking Forward to 2024

27:32 Books to Read in 2024

30:53 Conclusion and Final Thoughts