Procurement lessons from Moneyball
By Paul Martyn, VP of Supply Strategy at BravoSolution
For starters, he probably wouldn’t be as famous as he is today. That’s just the reality when comparing Major League Baseball to procurement.
But we’d bet that he’d still be a winner – and likely, a revolutionary CPO.
Take note of the teams still alive in this year’s MLB playoffs: The Royals, Orioles, Cardinals and Giants. None of 2014’s five highest-spending organizations remain (we’re talking about you, New York, Boston and LA.). And only one of the remaining four – the St. Louis Cardinals – ranks in the top 10 for payroll.
His best-selling book and hit movie aside, Billy Beane’s famous Moneyball philosophy continues to have a real and lasting impact on Major League Baseball. That’s obvious. What’s less obvious: the practical procurement lessons hidden in Billy Beane’s Moneyball philosophy – and how CPOs can take action today.
Here are the top six CPO best-practices from Bill Bean: Continue reading