Bad Buying

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What to expect

Brought to you by Penguin.

Why is the Berlin Brandenburg Airport ten years behind schedule and nearly four billion euros over budget? And what possessed Kenya's government to spend a whopping $35 million on a chain link fence just six miles long?

In this hilarious, fascinating and insightful expose, industry insider Peter Smith reveals the massive blunders and dodgy dealings taking place around the world as private companies and public sector bodies buy goods and services. A recent report showed that over 90% of procurement projects fail. So, why are so many billions wasted on ineptitude, mismanagement and, in some cases, fraud?

By turns an entertaining account of some of the worst procurement scams in history and also a resounding lesson in how not to operate, Bad Buying offers clear and practical advice on how to avoid embarrassing mistakes, minimise needless waste and make sound, strategic procurement decisions on your next initiative.

'Had this been published pre-Covid, some of the recent f*ck-ups and waste might have been avoided. It's a must read for the public and private sector alike' Lt-Gen. Sir Andrew Gregory, SSAFA: The Armed Forces Charity

'Hilarious, enlightening and brilliant....This book will make you think twice about buying anything - but do buy this' Antonio Weiss, bestselling author of 101 Business Ideas That Will Change the Way you Work, and Director, The PSC

© Peter Smith 2020 (P) Penguin Audio 2020

Critics Review

  • Colossal, costly disasters could be averted if those holding the purse strings read this book.

    The Times
  • Bad buying tells story after story of bad buying for both novices and experts alike – and shows us a roadmap to doing it better.

    Jason Busch, Managing Director, Azul Partners and Founder / Contributing Author, Spend Matters
  • This book is a revelation … actually it’s full of them, all costly catastrophes. Factually rich, funny and full of practical hard-earned wisdom, it is also an extensively-referenced portal into a parallel how-to universe where great buying delivers remarkable business results. If you don’t read this book, you may find yourself in the next one!

    Dr Richard Russil, author and coach
  • A refreshingly different take on how to be great at procurement by learning from a plethora of examples of painful, unbelievable, funny and downright stupid buying by organisations, or more precisely the people in them. A brilliantly unique and insightful read from one of the most experienced individuals in this space

    Jonathan O'Brien Author and CEO Positive Purchasing Ltd
  • A great opportunity to learn from other people’s mistakes, not your own. Through exceptionally well researched examples, Peter teaches both new and established professionals how to avoid the same mistakes. I thoroughly recommend this book to anybody involved in, or responsible for spending money for their organisation

    Garry Mansell, Former GM, Source-to-Contract, Coupa Software
  • An unusual business book in that it is both useful to readers and also genuinely entertaining with fascinating stories of failure and fraud from around the world and every sector

    Shirley Cooper, Commercial Director, Tapestry Compliance and NED, Ministry of Justice

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