It’s the Principle that Counts – Principle Based Procurement Policy
Historically in large organisations and the public sector, procurement has been strongly structured with frameworks of policies, procedures, work instructions and templates. While this has without a doubt increased the compliance and consistency of procurement functions, has it hit the limits of its usefulness? Is it time to review this paradigm and consider alternatives that may free up the creative thinking and tailored approaches to the unique challenges each procurement requirement presents?