Peter looks at how “stupidity” is a common driver of Bad Buying, and shares the experience of his book being published – and reviewed in the Times. He also looks at the human rights issues around avocado growing in Kenya and the supply chain for fresh produce, and the link between Bad Buying and “Procurement with Purpose”.
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In this episode, Peter looks at why lack of competence, capability and information often drives bad buying decisions. He talks about how to incentivise suppliers and what can go wrong if you create perverse incentives. In part 2, he discusses the new National Audit Office report on UK government procurement of medical ventilators during the pandemic. A great success – or hundreds of millions wasted?
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Peter Smith explains why he wrote his book, published by Penguin Business in October 2020 – ” Bad Buying – How organizations waste billions through failures, frauds and f*ck-ups”. He tells us why organizations need to focus more strongly on the money they spend with suppliers of goods and services, and gives his first key tip on what you can do to improve your own buying …
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