Procurement & Supply Chain Competency Assessments

What is the Desired Outcome of Procurement & Supply Chain Competency Assessments?

Procurement & Supply Chain Competency Assessments: The desired outcome of the competency assessment is to gain a realistic view of whether your team has the necessary skills and knowledge. To consistently deliver high performance of their role-based tasks.

Why is Assessing Procurement Competencies Important?

• Assessment of procurement competencies is an essential component of employee and career development beyond the organization’s routine performance appraisals.
• Competency assessments provide information about potential knowledge deficits that interfere with the successful performance of role-based skills.
  • If knowledge deficits exist, the Competency assessments can be instrumental in identifying specific areas of weakness. Developing individualized development programs to address those areas, strengthen the participant’s knowledge base, and enhance job performance.
  • Alternatively, the Competency assessment can provide evidence of proficiency that qualifies some participants as mentors, teachers, and leaders in the organization.

Procurement Competencies and the link to organizational performance

• Procurement competency is an essential part of organizational performance. A study of procurement excellence found that leading procurement organizations continue their journey toward procurement excellence by:
  • Integrating with the business units and regions has increased relevancy, influence, and impact.
    Expanding their use of leading practices.
    Achieving breakthrough financial results from procurement— delivering benefits at a rate ten times greater than the cost of their people, technology, and external support.

Linking Skills to Strategy

Leading procurement organizations have achieved these benefits by:

• Building high-performance teams as a catalyst for increased business alignment
• Reducing costs through category excellence
• Creating competitive advantage through supplier capabilities
• Investing in the procurement team to deliver durable, superior performance

Before you can start building the capacity to produce these benefits for your firm, you must first have developed a robust competency framework for your procurement organization. Comprising the mission-critical competencies necessary to deliver on the business strategy. The competency framework is your blueprint for success.

Next, you must design the assessment to determine if your team has the required knowledge for their role and identify any gaps. Gaps can be used to construct personal development programs to help raise your team’s performance towards your targeted level.

With our iProcure Platform, we bring the very best in assessment framework construction and tests that lead the market regarding the validity, reliability, and equitable outcomes.

Investing in the procurement team – What leaders do

Procurement & Supply Chain Competency Assessments

What Leaders Do

To help ensure that their procurement organization will continue to deliver and sustain superior results, leaders are investing in their team’s capabilities and the pursuit of procurement excellence.

Leaders invest in increasing procurement team members’ capabilities built around their competency framework. They use assessment results to:

• • • develop a planned training and development roadmap
    • support to ensure the skill advancement takes place, and
    • routinely review the capabilities required to realize the procurement vision.

With the continued evolution of procurement and supply markets, leaders are actively addressing the needs of their procurement teams. They use personal and career development opportunities to attract the best talent and assess outcomes to manage employees’ movement through the organization.

Leaders enhance their teams’ capabilities by leveraging assessment technologies to strengthen analytics and support critical knowledge management.

Almost all leaders capture and share procurement knowledge and invest in intellectual capital development. They train their teams to conduct category management and manage their suppliers for competitive advantage.

Nuff said.

If you would like to learn how we can help you develop your procurement team to greater heights and achieve procurement excellence. We would be pleased to listen to learn more about your situation and discuss your needs.