If you can’t measure collective procurement team capability – are you really competent? Businesses are increasingly incorporating skills assessment tools into their development programs. Adopting a more strategic, data-driven approach to capability development, focused on understanding collective procurement team capability rather than just individual capability. CPOs wouldn’t dream of allowing managers to keep intricate details of the company’s physical assets in … Read More
Procurement Skills Tracking and Performance Improvement
Skills Tracking in iProcure Lets CPO’s Measure Bench Strength Procurement Skills Tracking and Performance Improvement in iProcure allows Managers to identify employees with the right skills for a Job and make informed decisions on recruiting, developing, and promoting. Imagine that you need a Category Manager at the other end of the country or thousands of miles away on a different … Read More
Talent management critical to CPO longevity on the job
Failure to develop a world-class team a factor in shortened CPO longevity on the job Talent management critical to CPO longevity on the job – As procurement becomes increasingly strategic, focused on the long-term, and integrated within the business, talent management becomes a critical success factor for the CPO. Furthermore, in a recent report, a failure to develop talent at … Read More
Procurement Training: Set budgets with confidence
Procurement Training: Set budgets with confidence. It’s time to set your 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 … Read More
Increase your procurement team’s productivity optimizing allocation of people to initiatives
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
Reduce hiring errors with procurement skills assessments
Reduce hiring errors with procurement skills assessments Reduce hiring errors with procurement skills assessments: Hiring the wrong candidate can be expensive. There are not just the headline costs of advertising and agencies; but also the hidden costs of time to hire, induction and training, attrition costs for early leavers, the ramp up time to be productive. An Oxford Economics report … Read More
Building a balanced bench is key to procurement transformation
A procurement bench strength program needs aggregated data to build a winning team: CPOs globally are aware of the talent imperative to procurement transformation. Building a balanced bench is key to procurement transformation – ensuring the CPO has a team that possesses the skills and experience required to fulfill an increasingly demanding role in the success of the organization. 1. … Read More
Procurement Skills Gap Analysis: Problems of not completing one
Procurement Skills Gap Analysis: Problems of not completing one: Problems can arise when you don’t have a procurement skills gap analysis: CPO’s can plan a strategic capability building program that supports their procurement transformation Procurement Skills Gap Analysis: Problems of not completing one – The proactive identification of your procurement teams bench strength is a key requirement for today’s CPO. … Read More
How to manage procurement skills assessment project negative reactions
How to manage procurement skills assessment project negative reactions How to manage procurement skills assessment project negative reactions. Many CPOs would like to conduct a reliable skills assessment to understand their team’s knowledge, capabilities, and skills gap but don’t act upon it further. This inaction is often the fear of an adverse reaction or ‘kickback’ from their team. Or an … Read More