Ready to tear up your outdated sourcing playbook? Alan and Tom dive back into the mind of Elon Musk to uncover four critical business drivers that demand continuous improvement from procurement. They challenge the status quo, asking why so many teams are still using a slow 9-step sourcing process when Musk's principles demand a rapid 4-step approach instead. Discover the power of questioning your requirements and why breaking down every process to its fundamental pieces is the only way to suc...
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Ready to tear up your outdated sourcing playbook? Alan and Tom dive back into the mind of Elon Musk to uncover four critical business drivers that demand continuous improvement from procurement. They challenge the status quo, asking why so many teams are still using a slow 9-step sourcing process when Musk's principles demand a rapid 4-step approach instead. Discover the power of questioning your requirements and why breaking down every process to its fundamental pieces is the only way to suc...
The "Idiot Index": How Elon Musk Became Obsessed with Procurement Costs
Rebuild Procurement Podcast
21 minutes
1 month ago
The "Idiot Index": How Elon Musk Became Obsessed with Procurement Costs
What is the "Idiot Index," and why did it make Elon Musk an ultra-obsessed procurement buyer? In this episode, Tom Finn and Alan Veeck break down Musk’s radical approach to cost, revealing how to use his "Should Cost Model" to expose massive markups from your suppliers. Learn how to apply Musk's "10% Rule" to over-delete unnecessary steps in your processes and instantly simplify complex, cost-inflating regulations. They also cover the secret to building a Musk-level team: hiring for attitude ...
Rebuild Procurement Podcast
Ready to tear up your outdated sourcing playbook? Alan and Tom dive back into the mind of Elon Musk to uncover four critical business drivers that demand continuous improvement from procurement. They challenge the status quo, asking why so many teams are still using a slow 9-step sourcing process when Musk's principles demand a rapid 4-step approach instead. Discover the power of questioning your requirements and why breaking down every process to its fundamental pieces is the only way to suc...
