Topic

Procurement and spending

Latest viewpoints

Budget-based spending review avoids costly purchase approvals

Spending review should happen through budgets rather than by approving each individual purchase, because scrutinizing small purchases wastes highly paid employees' time and does not control burn.

Max Hodak Procurement and spending Source at 4:09

Deep tech procurement needs dedicated staff and management

In deep tech, procurement requires dedicated staff and active management; order fulfillment can take weeks due to vendor setup, quotes, purchase orders, and invoices.

Max Hodak Procurement and spending Source at 5:32

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