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
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
Role based procurement training and competency development is most effective
When you focus procurement training on a specific role, it’s more likely to be applied, and deliver a strong ROI Role based procurement training and competency development From learning to building capability While a generic “one size fits all” approach can help some team members at the individual level, more often than not it does not make the critical link … Read More
Procurement Competency Modeling Removes Organizational Inertia
Are your competencies destroying performance? Procurement Competency Modeling Removes Organizational Inertia. We have always done it this way and see no need to change – we have all seen it, but CPP can help prevent it in your organization with Procurement Competency Modeling 1. Procurement Competency Modeling: Outdated competencies breed organizational inertia Procurement Competency Modeling is an initiative designed to … Read More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
O Superman: Procurements Kryptonite
Procurement needs a strong mandate not super developed soft skills Not a week goes by without a talent shortage headline resulting in a great deal of noise regarding the profile of the modern procurement skill set. Here we make the case for CPO’s to focus on securing a strong mandate. The focus on soft skills A common criticism is a … 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
The Future of Procurement Scene 1: Commanding the Stage
The stage is set in the battle for procurements future: The Future of Procurement: Commanding the Stage The Future of Procurement: Commanding the Stage – The future of the procurement function is a hot topic at the moment. Amongst the more insightful outputs comes from Oxford Economics, who recently published the results of a study that shows the evolution of procurement … Read More