The Twin Dimensions of Procurement Excellence

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The Twin Dimensions of Procurement Excellence The procurement profession has long striven for excellence to increase its role and stature within the organization. Here we provide insight into ‘The Twin Dimensions of Procurement Excellence’, offering our framework to achieve leadership in procurement and supply management. Procurement Excellence – Does excellence matter? Excellence is no accident. World-class organizations operate and perform … Read More

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 … Read More

Procurement & Supply Chain Competency Assessment

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What is the Desired Outcome of Assessing Procurement Competencies? The desired outcome of Competency assessment is to gain a realistic view of whether your team has the necessary skills and knowledge to deliver high performance of their role-based tasks consistently. Why is Assessing Procurement Competencies Important? Assessment of procurement competencies is an essential component of both employee and career development … Read More

Collective procurement team capability?

Dave HenshallAssessments, Skills, Skills Gap AnalysisLeave a Comment

If you can’t measure collective procurement team capability – are you really capable? With more powerful skills assessment tools available today, businesses are increasingly incorporating them as a part of their development programs, to adopt a more strategic, data driven approach approach to capability development focused on understanding collective procurement team capability rather than just individual capability. CPO’s wouldn’t dream of … Read More

M&A Value Creation: Bench Strength Assessment Critical

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M&A Value Creation: Bench Strength Assessment Critical – with the right talent assessment and selection process. CPO’s can ensure the right people with the right skills fill carefully defined roles in the expanded organization. Building a world class team bench: 1. M&A Value Creation: Bench Strength Assessment Critical Introduction M&A due diligence in procurement talent is a dangerous corner to cut … Read More

Procurement Training: Set budgets with confidence

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Time to set you budget for procurement skills training? Procurement Training: Set budgets with confidence Can you answer the following questions? Do you know which training programs will deliver the most value to your organization? Can you forecast your training budget over the next 1 or 3 years? Do you know training programs that have the greatest impact? Can you … Read More

Increase your procurement team’s productivity optimizing allocation of people to initiatives

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Capturing productivity gains in procurement at the company level to boost top and bottom lines Increase your procurement team’s productivity: We discuss how CPO’s can boost procurement productivity by utilizing todays advanced procurement talent analytics 1. Increase your procurement team’s productivity A universal problem CPO’s know that talent management is strategic (Figure 1), but sooner or later, every CPO faces … Read More

Procurement Assessments: The problem with selfies

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CPO’s, HR & Trainers should be wary of self-assessments of skill, expertise, and knowledge In the same way that people embellish their CV’s to get a job they also exaggerate their skill set to gain a promotion or raise.  Countless research has shown that self-assessments of skills are often flawed in substantive and systematic ways. The research has found the … Read More

Are you afraid of completing a team procurement skills assessment?

Dave HenshallAssessments, Skills Gap Analysis2 Comments

Are you afraid of completing a procurement skills assessment? Are you afraid of completing a procurement skills assessment? Many CPO’s would like to conduct a reliable skills assessment to understand the knowledge, capabilities and skill’s gap of their team, but don’t act upon it further. The reason for this inaction is often the fear of a negative reaction or ‘kick … Read More

Aligning Procurement Skills to Business Strategy

Dave HenshallAssessments, Skills, TalentLeave a Comment

Aligning Procurement Skills to Business Strategy The ever changing business environment is placing greater demands upon businesses and requires today’s procurement professionals to develop the skills to maintain alignment with the business strategy and to expand procurement’s scope and depth of influence across the business. Aligning Procurement Skills to Business Strategy. Procurements position in many business has been elevated due … Read More