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Part 2 of my Procurement Strategy Series, designed to guide procurement leaders through a process that delivers effective and sustainable functional strategy. This video highlights several of the key challenges procurement functions face. These must be addressed in the development of any procurement strategy or improvement programme. "In this Part 2 of my Procurement Strategy Series I’m going to begin laying out the territory. This will be the first of several videos (and accompanying blogs) that focus on the prevailing circumstances in which we operate. The Procurement agenda has, over the years, grown in its breadth, touching all parts of the organisation, and increasingly aiming to impact wider society (complying with anti-slavery legislation, promoting environmental choices, etc.). Does this mean that there is no ‘boiler plate’ procurement strategy; that benchmarking, or even copying others, and then imposing from above a leaders’ ‘wisdom’-infused agenda, and a strategy to deliver it? Is this the right way to develop an appropriate (to the circumstances) strategy? My own view is that strategies are not to be designed in a vacuum; that we must be cognisant of the environment and culture we, as leaders, inherit. Leadership experience (and the occasional failures encountered along the way) usually reinforces this idea. The most sophisticated and innovative procurement strategy will certainly fail if we don’t take account of the challenges that can dominate the wider agenda of our organisations. In this short video I suggest a number of routine challenges facing procurement leaders and practitioners. It’s by no means a comprehensive list; it probably only scratches the surface as, stated above, there are many demands on Procurement. These challenges, I would contend, are closer to the core challenges facing the function and comes back to the notion of making choices of what to pursue and what to (at least for a time) discard. It’s important to recognise these core priorities because they are most likely to impact the stakeholder functions procurement is partnering with. One of the themes of this series will be closer alignment to, and engagement, with the full range of stakeholders in our organisations, and their needs (and wants) need to be put ahead of Procurement-centric initiatives that may bring kudos and signal positivity, or even virtue (more of this later). In essence, we’d be foolish to try and develop strategies that are detached from the world of our stakeholders. In the next video and blog of this series, I’ll be discussing the issue of selecting key performance indicators. See you next time."