The Procurement Guy @costcutpro
Sharing expertise from working @ multiple $10B public manufacturing companies to pre-IPO tech startup. Nothing to subscribe to yet, just follow! Joined May 2023-
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If you manage a category, you should be at the ready with some top level numbers (how much is spent, savings opportunities etc). You should get refreshed numbers every quarter If you don’t have this, assumption will be you aren’t doing your job And it’s probably right
Persuasion is a key throughout life and work Those that do it well innately get ahead You can spot it in the ones you just don’t mind doing things for
It’s impressive how much the tax system incentivizes and disincentivizes investments Small changes make big impacts.
Involving you early is a learned skill for most stakeholders You need to constantly remind them, show value, reiterate. People deal with those they like and those that provide value. You can be both.
Is it good when a supplier, who lost a bid, tells you that you were their favorite procurement person to deal with? (Insert awkward sensation because everyone hates Procurment)
How comfortable are you with Silence? Most aren’t. But they should be. Many folks negotiate against themselves It’s best to: - Make your point - Go on mute - Let them explain - stay quiet - come back in after they’ve negotiated with themselves It’s uncomfortable, but you…
An important reason for research and analysis is it gives you justification/reason for an ask Reason matters a lot People don’t like working with irrational people You can have a seemingly irrational ask, but with “analysis” it can make it all more rational
Has your supplier stopped innovating? Have you heard of “harvesting”? It’s when suppliers feel they have enough of a lead, their investors (and execs) may be pushing for returns 3 things will get them out of this mode 1) Decreased sales 2) Suppliers nipping at their heals 3)…
Sometimes the most complicated part of the supply chain is the internal team talking -production schedules -material requirements -change in customer specs Most suppliers do their best but it’s not easy to adapt to chaos
Regular folks take a lot for granted when it comes to “supply chain” The shipping alone is amazing
Pretty awesome
Responding quickly matters alot to the recipient Be mindful of this Even if the answer is “let me dig into that and get back to you” The response matters
procurement folks always complain about not getting “early involvement” and being brought in at the last minute If your A+ What has been your biggest driver to getting early involvement?
What’s your average response time to your direct leader? Is it more or less than 60 minutes
Airplanes are the closest things to time machines that we have It’s amazing that we can get half way around the world in less than 24 hours Breaks down so many barriers
When you drink just enough coffee and you hit that ultimate focus level, but do t get that caffeine craziness 🤌
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“What salary are you looking for” “What’s the budget for this role”
“The candidate interviewed well, but can you send me a few more candidates? I’d like to speak to a few more to make a comparison.”
Be careful waiting too long to re-start your job search after taking a break. Just spoke to someone who has an amazing background. Issue is, they’ve been out of work since 2022 and can’t land a gig today. He was laid off, had a lot of $$$ saved off so took a year off. Market…
“Llama 3 is direct replacement of OpenAI - more than 10x cheaper than GPT4 - with similar performance." Fun kicking around All Things AI w @bgurley & @sundeep. Catch Sunny weekly on @twistartups / @Jason. 💥
Spotify: spoti.fi/3UmLUd5 Apple: apple.co/3UD1ouU Youtube: bit.ly/4b4cpLr
IT’S NOT WHO YOU KNOW…IT’S HOW CONNECTED YOU ARE TO THEM!
@thesamparr I promise you won't regret it. a.co/d/gElMwBg
@Codie_Sanchez Currently phase 1 Approaching phase 2
@CostCutPro one of the best tools in the toolbox: 'ease of implementation and impact' matrix
If you’re not tipping 28% to your bald twitter creator from Texas writing Chilis jokes then stay home. It’s a slap in the face to the hard working people preparing and serving you your tweets. 20% was the 2014 standard. Times have changed, get with it.
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We’re doing a live Q&A when the channel hits 500,000 subs!
Let’s do this…
We’re doing a live Q&A when the channel hits 500,000 subs!
Three years ago, I bought a magazine as a passion project. Since then, I've fallen in love with the magazine business, acquired other brands, and grown into a $50M side hustle (18% EBITDA margins today). I believe it could become a billion-dollar business by 2030 through a…
Tim is a legend Congrats on ten epic years of learning and growing together @tferriss 🎉 Soak it in Timmy, we love you! ❤️❤️❤️❤️
Today is the day! To celebrate the 10th anniversary of the podcast, fellow listeners are hosting meetups around the world! There are nearly 4,000 attendees RSVP’d on @getriver_io, and I’ll be raising a glass with you all. Find a meetup in your city here: tim.blog/meetups…
I live north of NYC along the Hudson river and each day I take my dogs out back and sit outside enjoying my coffee and the river views. Daily, around 7:30 an S76 flies over toward the city and I wonder what billionaire is commuting in from their fancy estate home in the Hudson…
Unavoidable things in life: • Death • Taxes • Your teenager borrowing your car and returning it almost out of gas
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