Tag: Supplier Management
The $3.8M Vendor Trap: How “Safe” Procurement Choices Kill Projects
“This vendor choice is a no-brainer. Everyone uses them.” Famous last words from our procurement committee as they prepared to sign a $3.8M contract that would have been our project’s death sentence. The vendor had everything we thought we wanted: Fortune 500 clients, 20 years of experience, and a proposal that checked every requirement box.…
Debunking the Myth: Project Procurement Management Is a Simple, Linear Process
The Set-It-and-Forget-It Trap Picture this: you draft a procurement plan, sign a contract, and assume it’s smooth sailing from there. Sounds nice, right? Too bad it’s a fantasy. The myth that Project Procurement Management is a simple, linear process has lured many project managers into a false sense of security—only to watch their projects veer…
