new economy

New economy – Challenges in Procurement

Companies face many difficulties when innovating. CAPEX, rigid long-term contracts, flexibility to scale, location and commuting, pleasing all stakeholders, data security, and physical space were the main points raised as major challenges for the procurement department.

Here lies a reflection on breaking paradigms and workplace culture, because in this
case, the subject is "executives' offices." Culturally, the largest office belongs to "the boss" instead of being assigned to
those who need more space. This seems like a small challenge, but the difficulty lies in the old patterns of hierarchical cultures of conservative managers. To eliminate one issue, this change would certainly be the first!

Unsurprisingly, when procurement professionals were asked what needed to undergo a disruptive model in the sector, cultural changes and organizational climate were recurrent themes, alongside contracts, legal departments, finance, and HR processes.

The speed at which things happen is also a major challenge. When a good idea emerges, on average 40 days later there are already at least two competitors talking about it on the internet; and one of them is Chinese.

Many companies are turning to coworking spaces as a way to innovate, as they find it very difficult to put this into practice internally.

Telling an employee to return to their desk and innovate is neither an attitude of innovation nor of change; nor does it stimulate that employee's routine.

Around 41% of procurement professionals, in an interactive survey conducted at an event, worry about space confidentiality. And 31% worry about the lack of a corporate image.

It is very common in procurement meetings and events for professionals to point out supplier harassment as one of the main challenges of coworking spaces. However, generating networking is precisely one of the purposes of these spaces.

Inevitably, these are places where potential clients, suppliers,
and competitors converge.

One of the standout benefits of the new economy in coworking spaces is the structural aspect.

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