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Avoid analysis paralysis
When I got out of college, I was stuck. I did not know what to do with the next stage of my life. I was in analysis paralysis as they say. Do I move back to my home town( population 5000) or move to the big city? Or how about skipping all that education and moving to the Rocky Mountains and being a ski instructor?
My father’s advice – “When you don’t know what to do, do something!” It certainly does make you feel better to be moving and you can always redirect your course of action. (Just for the record, I chose move to the big city). I eventually found myself into supply chain and procurement.
This week’s esourcing Wiki-Wednesday is Sourcing Sensei Scruple One: Analysis. It emphasizes the importance of analysis being a critical component of a sourcing leader's skill set.
One procurement organization that I worked for was building the process and analysis tools for their sourcing team. Many supplier relationships had been in existence for quite some time. We put into place a process that was driven by analysis and fact based decision making. That took a lot of the emotion away. While the award may have gone back to the incumbent, the process was fair and level and full of analysis.
My experience from this was that the team leader had to allow the proper amount of analysis to occur but also know when it was time to make the decision and move on. The proper structure needed to be put in place but not to such an extent that the complexities slowed down the process. We wanted to expedite the new agreement and recognize the value of the initiative.
Have you even gotten stuck with too much analysis and not know how to process it or make any sense of it? What was the situation and how did you move forward?