Mohamed Khaled Rajab’s Post

CHECK. CHECK. CHECK AGAIN. As a procurement professional for over 30 years, I can't stress enough the importance of due diligence when it comes to suppliers. If you cut this corner, this is what can happen to your business: 1.    Financial Risks: Inadequate vetting can lead to partnerships with financially unstable suppliers, potentially disrupting your supply chain. 2.    Quality & Compliance Issues: Without proper checks, you might partner with suppliers who can't consistently meet your quality standards, affecting your product or service, not to mention legal risks and damage to your reputation. 3.    Hidden Costs: Due diligence uncovers hidden fees or unfavourable contract terms that could impact your bottom line. 4.    Ethical Concerns: Proper vetting helps avoid associations with suppliers engaged in unethical practices, protecting your brand integrity. 5.    Missed Opportunities: Due diligence isn't just about risk, it also helps identify suppliers who can bring innovation and added value. Remember, spending time on due diligence in the beginning will save you potential costs and risk. You really don't want to deal with the aftermath later if you don't. Interested to hear if your business ever faced challenges due to insufficient due diligence, simply because the training or manpower wasn't there. 🚀 Hi I'm Steve Walton. I help companies to fully realize the value procurement brings in terms of cost savings, risk mitigation, supplier innovation and sustainability. DM me if you’re ready to move #procurement beyond a tactical purchasing function and need consultancy and training. 💸📉📊

Together with partners like Save the Children, Ferrero is committed to preventing child labour in cocoa-growing communities. It's essential that these children are given the best start in life to go to school and be provided for. Meet N'da Jaures Kouassi, Project Manager for Save the Children, who explains why we need to raise awareness about children's rights. To learn more about Ferrero and Save the Children's work to eliminate child labour, visit: https://lnkd.in/e-dRinQG #WeAreFerrero

What do you think is Procurement's biggest challenge?   Aside from getting stakeholder buy-in, for me it has to be when dealing with monopoly suppliers.   You know the ones I’m talking about…industries dominated by a single or limited number of suppliers.   Now even though we’re dealing with monopoly suppliers, who quite frankly think they can do what they want…procurement professionals still need to utilise their skills and reduce commercial risk, negotiate favourable terms, and ensure business continuity.   So how do we do that?   Well, here are some effective strategies for dealing with monopoly suppliers:   1. Leverage Buyer Power: Even in a monopolistic market, procurement can still have some power through their collective purchasing volume. Speak to all departments and collaborate your purchasing. Explore opportunities for collaboration with other buyers, forming buying consortiums or group purchasing organizations (GPOs) to increase your bargaining leverage.   2. Foster Supplier Relationships: Build strong, collaborative relationships with monopoly suppliers. This can be crucial. Procurement teams should strive to position their organizations as valued partners, fostering open communication, transparency, and mutual understanding of business goals and challenges.   3. Explore Alternative Solutions: While monopoly suppliers may dominate a specific market, procurement teams should proactively seek alternative solutions or substitutes. This could involve exploring new technologies, product redesign, or vertical integration strategies to reduce reliance on the monopoly supplier.   Knowing how to manage monopoly suppliers and situations requires a strategic mindset, effective negotiation skills, and a willingness to explore unconventional solutions. By employing the above strategies, procurement professionals can reduce risks, get a better ROI, and maintain business continuity, no matter how big a supplier might be.   What's your biggest procurement challenge? _________________________ 😃 Hi I'm Steve Walton. I help companies to fully realize the value procurement brings in terms of cost savings, risk mitigation, supplier innovation and sustainability. DM me if you’re ready to move procurement beyond a tactical purchasing function, and need consultancy and training. 💸📉📊

Overqualified? Let's rethink that term. So often, we hear hiring managers say a candidate is 'overqualified' for a role. It's a term we use to politely reject an applicant, but let's be honest, it's a cop-out. A candidate with years of experience, vast knowledge, and proven skills is not overqualified. They're a powerhouse ready to bring their A-game to your organization. We need to stop looking at overqualification as a liability and start viewing it as an opportunity. What if they want a better work-life balance? What if they're passionate about making a real impact in your company? What if, despite their high qualifications, they just need to pay their bills? Remember, job satisfaction isn't always about complexity or challenge. It's about fulfillment, impact, and alignment with personal goals. So next time you come across an 'overqualified' candidate, think twice. Could their experience and skills bring unseen benefits to your team? Don't decide for the candidate. Give them the opportunity to choose. They might just surprise you. Let's change the narrative. Overqualified is not a barrier. It's a bridge to untapped potential.

📢 JOB ALERT ❗❗ We are hiring! / Vacancy announcements for Burkina Faso and Syria❗❗ Also this year INTERSOS is looking for motivated staff to help with its humanitarian activities. We are currently seeking to fill the following vacancies: ✔ Job Title : Coordinateur Logistique et de l’Approvisionnement 🏠 Duty Station: Burkina Faso 📆 Deadline: 26/01/2024 Apply at the following link: https://lnkd.in/exBHn8tk   ✔ Job Title: Chef de base région EST 🏠 Duty Station: Burkina Faso 📆 Deadline: 02/02/2024 Apply at the following link: https://lnkd.in/ezz-t_qn   ✔ Job Title: Country Finance Coordinator 🏠 Duty Station: Syria 📆 Deadline: 31/01/2024 Apply at the following link: https://lnkd.in/eBRBJW83   Being part of our team is more than a job; it is about sharing together the values of solidarity, justice, dignity of the person, equal rights. #intersos #humanitarian #organization #hiring #opportunity #jobalert #vacancy #workwithus #job #team #NGO #refugees #solidarity