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 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 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
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
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
The three goals of strategic procurement
The three goals of strategic procurement – CPO’s must contribute to three strategic goals if they are to influence overall corporate strategy The three goals of strategic procurement Procurement’s Golden Triangle Leading companies are pursuing cost leadership and growth to dominate their industries, and in doing so they create an infrastructure to do it sustainably. Apple is the often cited … 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
How to prepare procurement for true stakeholder buy-in and real transformation
Organizational alignment holds the key to the boardroom door How to prepare procurement for true stakeholder buy-in: Whether you are a new CPO hired to transform procurement or an existing CPO looking to get true stakeholder buy-in, aligning procurement with the organization will be key to your success. 1. Preparation & Readiness Most CPO’s will understand the strategy to transform … 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