342: Bad Buying - Tales of Waste Billions w/ Peter Smith

For many years, Peter Smith wanted to write a book that was fundamentally about procurement but would appeal to a wider business audience, One that would peel back the onion on the role of procurement, with tales of what happens when good buying practices are not followed.  Following a career as a practitioner, and most latterly leading Spend Matters in the UK, Peter got to work.  The result: Bad Buying – how organizations waste billions through failures, frauds, and fk-ups. 

In this interview, Peter discusses:

• Examples of bad buying from across both the public and private sectors
• Whether the growth of the procurement function has become a double-edged sword
• Learnings that procurement professionals can apply to turn “bad” buying into “good buying”