“The Joy of Buying”: Honda’s Journey to Establish a Procurement Business Partner

“The Joy of Buying”: Honda’s Journey to Establish a Procurement Business Partner

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As the procurement industry leaders continue to weigh Business Process Outsourcing (BPO) versus Insourcing, Honda challenged conventional thought in an effort to bring the best overall value and fit to their organization. Soichiro Honda founded his globally respected company in 1948 based on three guiding principles: the Joy of Selling, the Joy of Producing and the Joy of Buying. To maintain its unique corporate principle of the Joy of Buying while evolving the organization to have a Strategic Category management philosophy, Honda Leadership looked to find a partner that would effectively integrate into its team.

Topics in this session included:

  • Why cultural fit is the #1 factor for success in a partnership selection
  • How to measure the soft-stuff – SLAs are important but only a part of the equation
  • How to make your partner feel like part of the team
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