Procurement Capability Accelerator II

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Procurement Capability Accelerator

Reading some blogs today I found the “Spend Management’s Top Three” on Jason Busch’s Blog “Spend matters” the business blog of spend management. To be honest this was the first blog I started to read regularly. Today he wrote his top three Spend Management issues. His second issue is a talent/recruiting miss-match inside many procurement organizations. I agree with him. In one of IBM’s previous studies on procurement CPO’s where asked to provide their main strategies for procurement performance improvement over next three years. The top three actions were people related:
1.) Management and retention of talent
2.) Upgrading of people capabilities and skills
3.) Training of staff to improve core procurement skills

From my point of view skills shortages are likely to be a major constraint on value growth. Value from procurement comes through procurement people – their skills and ability to interact with business objectives.

Currently I finalize an article on this topic. I’ll keep you updated, when it’s done.

At least I would like to refer to the CPO study again. It’s a quite interesting paper covering all relevant procurement topics from a strategic point of view. Some of the topics are still up to date like the organisational transformation of procurement and new frontiers for value and savings. A good reading.