In a recent article published in the Supply Chain Management Review (www.scmr.com), A.T. Kearney’s Enrico Rizzon and Kate Hart discuss the results of a recent study by A.T. Kearney trying to identify the primary challenges on the CPO’s agenda. The following priorities came out on top:
- measuring performance;
- increasing influence;
- becoming more strategic and
- attracting and developing talent.
The authors again highlight the fact that the CPO role has changed over the past decade as the focus has shifted from “purchasing” to “strategic procurement” – from a transactional to a core function.
Developing specialist skills and retaining high performers is therefore believed to be critical to embedding intellectual capital within procurement organizations. Both new resources and current personnel should undergo consistent skill-building activities as the function increases its strategic capabilities.
A clear case for a sustained and structured approach to procurement training!
Click here to download and read the entire article.