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Procurement People: Careers, Leadership, People on the move, Talent Management
Articles in category: Talent Management
Procurement has been faced with fundamental changes of the business environment over the last few years and from my point of view there is one decisive factor to turn trends into opportunities: people.
The transformation from a traditional purchasing department to a modern service unit requires a radical change of style and mindset. Experienced managers charged with the restructuring of a company’s procurement operations are aware of that hurdle and start their job by determining who of the staff is able and willing to support the endeavor and who is not.(Read Full Article)
Explore BDlive (Nov 12 2013) Preferential Procurement , Procurement Ethics , Supplier Diversity , Supplier Relationship Management , Manufacturing & Automotive , Public Sector , Transport & Logistics , Talent Management
Department’s "hard targets" for state-owned companies seen as alternative to mandatory "set asides" wanted by Black Business Council(Read Full Article)
Temporary workers remain a key component of any business’s ability to be agile and adapt to meet customer demand. More and more businesses are realising that they need to operate in a manner which lets them flex their staffing levels and remain in financial control, while continuing to provide an effective product or service. However, continuous levels of poorly managed temporary worker usage can be costly, particularly when an organisation places high levels of reliance on agency staff.
By focusing solely on reducing supplier costs, many procurement and HR professionals underestimate the demand costs of recruitment.(Read Full Article)
Here’s a suggestion for any CPO trying to figure out how to lure bright young new talent into his or her organization: Emphasize the importance of, and the opportunity to use, technology.
It was technology in the form of spend analysis, reverse auctions, and other applications that helped revolutionize procurement and put it on the path to being a strategic function rather than a mere back-office bureaucracy. And, it’s technology that will be a principal enabler for the functions to prove its value and deliver value to the organization in the years ahead. Where does that fit in ...
Companies would be granted a one-year transitional period to align with and prepare for the implementation of the revised broad-based black economic empowerment (BBBEE) Codes of Good Practice following its gazetting on Friday. This seemed to be the only good news to emerge out of the newly gazetted codes, global audit, tax and advisory firm Mazars national BBBEE leader Tony Balshaw noted on Monday.(Read Full Article)
A CPO from the financial services industry talks about the benefit of using best practice to assess skills needs in her procurement team. Training remains a much discussed topic in the procurement community. Procurement Leaders recently ran a global benchmarking study, which revealed that investment in staff training goes up as procurement functions mature – from an average of 3.7 days per year at the least advanced companies up to 8.4 days at the most advanced companies.
But at the same time, there is a limit to the benefits of continued investment, often coming down to a much dreaded ...
A survey of 750 senior supply chain professionals by SCM World, found they are facing five major issues. Kevin O’Marah, chief content officer at SCM World and co-author of the report, said: “Supply chain needs to catch up to the bigger role we have claimed for ourselves in recent years. Unfortunately, we still seem to struggle with developing the skill sets required among our teams.
“Too little systematic talent development and too hazy a measurement system may be confounding our efforts and investments at exactly the time they are needed most.” The five issues cited by The Chief Supply ...(Read Full Article)
The supply chain profession urgently needs to fix the problem of a chronic shortage of talent, writes Dr. Chris Caplice, Executive Director, MIT CTL. We believe that an online learning curriculum now under development at MIT CTL could offer a solution – but we need the industry’s help to shape it.
The new virtual classroom is called SCMx, and it has the scale and flexibility required to educate huge numbers of individuals worldwide in a single sequence of courses. In our opinion such a curriculum would expand the talent pipeline and provide a world standard for supply chain education.(Read Full Article)
Supply chain talent is a growing gap for leaders. The impact is great. The biggest issues are in mid-management roles. Let’s examine some of the facts from recent research. Today, 60% of companies have open positions. Fifteen percent of the planning positions are open for an average time of five months. An IBM surveys report that 51% of companies are seeing an increase in turnover of supply chain leaders. Have I convinced you yet to be worried?
If so, let’s start working on an answer. Let me give you the first clue. The answer is not recruiting more ...(Read Full Article)
As businesses look to plug skill gaps in their workforces they are increasingly turning to temporary labour, which offers cost saving opportunities for procurement.
In this guest post, Matthew Sanders, CEO of de Poel, shares his thoughts on the temporary labour market and details potential opportunities are for procurement.
Many of us know people who have reached a certain point in their careers because they have excellent technical skills but they don’t get along with team members because their people skills are sorely lacking.(Read Full Article)
You might have looked at the Revised Codes of Good Practice (RCoGP) through a business lens, and realised they were so difficult to score on, that they left you wondering what they were trying to achieve, and if this was a step in the right direction or just too large a chasm to leap.(Read Full Article)
This little story speaks in volumes about how companies will tackle the built-up deficit in innovation training and development in different ways. A CFO is wary about investing in the training and education of the employees. He asks the CEO: ”What happens if we invest in developing our people and then they leave the company?” The CEO is a bright person and replies: ”What happens if we don’t and they stay?” Nicely put! We are definitely going to see some winners and losers in the coming years.(Read Full Article)
The best kind of talent management often involves a broader mix of experience - something procurement would do well to heed. There was an engaging report out of Gartner last week on the importance of supply chain leadership in the development of emerging markets. It is one more indication among many of the critical task of developing the next generation of procurement professionals. But what’s the best way to do that? Many colleges and universities, with their undergraduate and graduate programs focusing on procurement and supply chain fundamentals, make a case that their programs offer the best training.(Read Full Article)
Professional services firm EY Africa (previously Ernst and Young) says it has about $40m to spend on acquisitions in South Africa, Angola and Nigeria and is also looking to increase its investments in skills development. "We are still looking for acquisitions in South Africa, Nigeria, Angola and we are significantly increasing our investments in skills development by developing the pipeline of future accounting, tax professionals and IT consultants," EY Africa CEO Ajen Sita said in an interview last week. EY Africa was looking to acquire consulting businesses dealing in IT, supply chain and customer relationships, and aims to help develop ...(Read Full Article)
The Passenger Rail Agency of South Africa (Prasa) did not intend to go to the markets to raise the R11 billion not provided by the National Treasury for its huge rolling stock renewal programme, chief executive Lucky Montana said on Wednesday. ||| The Passenger Rail Agency of South Africa (Prasa) did not intend to go to the markets to raise the R11 billion not provided by the National Treasury for its huge rolling stock renewal programme, chief executive Lucky Montana said on Wednesday. “It will be more expensive to take the private route. We will just have to go back to ...(Read Full Article)
Attracting talent to help the function move forward means persuading bright young things why procurement is a good career option. In this guest blog, Procurement Leaders invites former GlaxoSmithKline procurement director Jan Piskadlo to develop a discussion on starting a career in procurement that first appeared on the People In Procurement LinkedIn group. As sure as night follows day, there will always be a standing agenda item at conferences and roundtables on Procurement talent (or more likely lack of) and why the function consistently struggles to attract the right DNA. I believe the answer can be found in the old ...(Read Full Article)
As the key indicators continue to point to an improving economy, many organizations find themselves with new concerns regarding talent management. While dealing with an improving economy is a welcome change, the challenges presented today are significant, and leaders need to understand the impact on their organization of the following potential issues:
• Loss of tribal knowledge due to retirements
• Pent-up demand for formal training
• Retaining top talent
• Recruiting new talent
Due to tough recent economic times and productivity improvements prior to the recent economic crisis, many organizations find themselves with a high percentage of employees who are eligible to retire ...(Read Full Article)
We are currently in the midst of the analysis into the latest of our salary surveys. It seems as though opportunities for women are improving. One of the key findings of our 2012 Salary Survey was the widespread gender inequity found in procurement. Last year, we uncovered that women in purchasing earned 70% of their male equivalents. In addition to this, we detected strong evidence of a glass ceiling, with only 10% of the CPOs in our sample being female. This year the outlook for women has improved. We detect that women earn 77% of their male counterparts – a seven ...(Read Full Article)
New research shows that employees want to work for companies that make sustainability a priority. Bain & Company recently surveyed about 750 employees across industries in Brazil, China, India, Germany, the UK, and the U.S. Roughly two-thirds of respondents said they care more about sustainability now than three years ago, with almost that many saying sustainable business is extremely important to them. Interest peaks among employees age 36 to 40 — a young group but not the youngest. Employees expect employers to step up and nurture this growing interest.(Read Full Article)
According to a new survey released by international research firm PwC, the financial industry needs to change its policies regarding upcoming talent or face a serious talent shortage in the years to come. The survey indicated that 55 percent of recent graduates (workers born since 1980) made compromises when they accepted jobs during the height of the recent economic recession, and many are seeking new employers or are willing to accept offers from other employers.(Read Full Article)
Excessive regulation and red tape, and a lack of skilled workers are major concerns among South African privately held businesses, the first-quarter Grant Thornton International Business Report (IBR) released on Monday showed. These factors, the businesses say, are directly restricting their expansion. The report provides insights into the views and expectations of about 3,000 different privately held businesses across 44 economies each quarter. About 150 of these businesses are based in South Africa.
Around half of the HR professionals surveyed by Right Management in recent research stated that they would expect to use video or webcam to interview future candidates in the next three years, an increase from 24% in 2012. The increase of HR professionals’ uptake of this method is a sign of the move of parts, if not all, of the stages of the recruitment process in-house. It is now cheaper and easier for companies to reach a wider pool of prospective employees with a reduced need for external recruitment agencies. Interviewing through webcam or video speeds up the initial screening ...(Read Full Article)
A recent study by Source One Management Services, titled “The Roles of Education & Experience in Procurement,” part of their Procurement & Sourcing Survey Whitepaper Series, finds that while a four-year college degree isn’t necessary for procurement personnel until the higher management levels, experience certainly is – fully 76 percent of procurement staffers have more than 11 years of experience. New blood is entering the procurement field, “armed with degrees and higher education,” the study found. It predicts that if current trends continue “it will likely further the shift from old school methods rooted in tradition to new school sourcing methods rooted ...(Read Full Article)