Procurement Competency Frameworks Procurement Competency Frameworks: Many businesses are yet to create a scale to measure their procurement team to define their critical success factors – competency. When there is no defined measure of competency it creates confusion and uncertainty about what good looks like and what is expected of people in their jobs. This is because there is no scale … Read More
The Twin Arenas of Procurement Excellence
The Twin Arenas of Procurement Excellence The procurement profession has long striven for excellence to increase its role and stature within the organization. Herein, we provide insight into ‘The Twin Arenas of Procurement Excellence. Our framework to achieve leadership in procurement and supply management. Procurement Excellence – Does excellence matter? Excellence is no accident. Furthermore, world-class organizations operate and perform … Read More
Planning Your Procurement University or Academy
Planning Your Procurement University or Academy Planning Your Procurement University or Academy? We offer guidance around three critical pillars for sustaining a Procurement University as a viable part of your business. 1. Strategy Setting The process of setting a strategy helps you to remain true to your values and on-track to achieve your objectives. Its purpose, is to demonstrate how … Read More
Benefits of Procurement Skills Assessments
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 University Brand Experience
Value creation by generating results Training & Development contribute to an organizations value creation by generating results. It is, therefore, essential that stakeholders and participants perceive how crucial, lifelong learning is for them. Their experiences inevitably shape their perceptions. Experiences provide added value to the individual when the following conditions occur: the intellect and senses are fulfilled by it they … Read More
Procurement & Supply Chain Competency Assessments
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 … Read More
Making Category Management Successful
Making Category Management Successful Making Category Management Successful is a priority for successful companies worldwide. They work relentlessly to integrate category management business-wide to achieve and sustain success. Here we offer six requirements for making category management successful: 1. Flexibility Recognizing it is not a ‘one size fits all’ approach is one key to making category management successful. So it … Read More
Making Category Management a priority:
Making Category Management a priority To make Category Management a priority, executive teams must provide backing in terms of financial investment, physical resources and visible involvement. We provide 5 steps to making category management a priority in your business: 1. Create a vision, strategy, business case & ROI: A clear vision for enterprise-wide adoption. Incorporation of key principals Credible business … Read More
The Brave CPO: Deleveraging Organisational Finances
Aligning CFO and CPO strategy to manage organisational debt The Brave CPO: Deleveraging Organisational Finances. A guide for CEO’s, CFO’s and CPO’s to improve liquidity, credit ratings and borrowing capacity What’s in it for you? Strengthen balance sheet and finance fundamentals Reading time: 10 minutes 1. Introduction: As many industries still struggle to find indicators pointing towards sustainable economic recovery, … Read More
Collective procurement team capability?
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