Peter Smith's Bad Buying Podcast

In this episode, Peter looks at why lack of competence, capability and information often drives bad buying decisions. He talks about how to incentivise suppliers and what can go wrong if you create perverse incentives. In part 2, he discusses the new National Audit Office report on UK government procurement of medical ventilators during the pandemic.  A great success - or hundreds of millions wasted? 

Peter Smith explains why he wrote his book, published by Penguin Business in October 2020 - " Bad Buying - How organizations waste billions through failures, frauds and f*ck-ups".  He tells us why organizations need to focus more strongly on the money they spend with suppliers of goods and services, and gives his first key tip on what you can do to improve your own buying ... 

“Bad Buying - How organisations waste billions through failures, frauds, and .....” by Peter Smith is published by Penguin Business in October 2020. Coming soon, the Bad Buying Podcast will bring you fascinating stories of Bad Buying, explanation of why it happens and tips on how to avoid it. Why does this matter? Well, we’re talking $50 TRILLION a year…