The 6 Agile Principles Relevant to Procurement

At a certain point of time, procurement as a profession will need to become agile. To resist to adapt new change in procurement is a sure way of slipping into irrelevance and disruption in business activity. So it is, therefore, useful to understand the relevant principles and consider how it can identify with your own particular means of business.

The following are the agile principles that are probably very relevant to procurement:

>> Continuous Delivery of value: The initial step of the typical procurement cycle involves speaking with a business partner to comprehend their needs and plan the sourcing of materials accordingly. When this has been done, normal updates to tell the stakeholder how the procedure is going, regardless of whether there will be any delays and watch that their prerequisites haven't changed should be followed.

>> Adapt Changes: For procurement, this implies figuring out how to work in adaptability at each phase of the sourcing cycle.  Adaptable agreements may give you space to oblige your stakeholder’s very last-minute changes. 

>> Fast Delivery: Speed is one of the benefits of agile principles. Compared to other businesses if the procurement process takes unnecessary time for delivery, then it is a matter of concern. 

>> Communication: For an efficient procurement process, the method of communication is a must. By keeping the communication face to face, the errors and miscommunication of ideas are minimized that frequently occur in mails.

>> Simplifying the procurement process: Complex procurement processes can harm relationships with vendors, stakeholders, as well as, end-users. By following agile principles for procurement will show a clear map of how to simplify and fasten the procurement cycle.

>> Agile Principles advance sustainability: In procurement, this includes creating lean production to minimize the wastage during the process, having a just-in-time supply chain flow, etc. Following any work procedure (counting Agile) is a key method to limit wastage of time, ability, and assets.