Benefits of Procurement Skills Assessments

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Benefits of Procurement Skills Assessments

The benefits of procurement skills assessments in corporations is that they provide a quick and cost-effective method to collect and centralize your skills data globally. Quickly identify between employees’ current skills and future state needs and where to prioritize development to maximize return on investment.

Formalize your Critical Competencies

When done correctly, your competency framework will communicate and integrate your company’s vision, strategy, and values as it relates to individual and collective performance. Furthermore, it can create a common language and shared-understanding to define the skills, knowledge, and behaviors required for successful performance in different positions across the organization.

In Talent Management

Your competency framework provides a common framework for recruitment, selection, performance management, compensation, career planning and development, succession planning and human resources planning.

It should also link to specific role profiles to define the attributes of a successful procurement professional within your organizations’ unique context. Identify the collective-competency of your team, and provide improved quality of information on people within (and joining) the organization.

Create a Culture of Evidence

When applied and practiced over-time you will gradually build a ‘culture, of evidence’ in which assessment feedback becomes a regular and essential component of learning and program development. Evidence provides an ongoing, usable performance reference for employees.

Identify precisely where knowledge resides

A good assessment makes knowledge visible, so it can be used to enhance organizational productivity, quality, profitability, and growth thereby shaping previous tacit knowledge into a tangible corporate asset for competitive advantage.

Manage Learning and Growth

Assessments enable organizations to establish a baseline and measure ‘learning and growth’ over time. Manage your development ‘S Curve’, over multiple programs, to determine “fit” of current personnel into the future vision.

Summary

When used correctly, skills assessments provide benefits throughout the talent supply chain. They can strengthen the recruitment and onboarding process, identify job-related development needs, support a culture of continuous improvement. By proactively using the assessment data. Managers can increase employee engagement, motivate and coach their team to increase job-satisfaction and employee retention and increase overall productivity from procurement.

Nuff said…

You can learn more about our procurement skills assessment here