Now, this is an opinion that really counts. 324 Senior procurement leaders, across 33 countries with a combined total representing US$4.4 trillion? Surely their opinion counts?
But what exactly are we counting here? The recent Deloitte Global CPO Survey (2016) has some startling numbers indeed, and ones where the opinions of those 324 need to be listened to.
Whilst the top 3 strategies for CPO’s are:
…all great ideas until we see this:
62% of CPO’s do not believe their team has the skills and capabilities to deliver their procurement strategy.
Or should we say a decrease in the perceived ability of teams to deliver. Sad, but true.
So how is it that these opinions have changed? What has driven the decline in perceived capabilities across procurement teams? Some thoughts (and I’d love to hear your experience of why you think this has declined!):
When you know where your teams core skills and capabilities are benchmarked, enable them with the most up to date thinking, tools and techniques, then your strategy is within reach. Without it, we continually go back to misaligned expectations and nothing changes. This may be why the SkillsGap Analysis tools offered by Comprara have proven to be so successful.
Now, more than ever, procurement professionals need to elevate their skills and recalibrate how their stakeholders, clients and suppliers see them. Working together differently is essential to the cost savings that companies look for procurement professionals to extract.
Would love to hear your thoughts on how your procurement strategy and your teams’ capabilities are lining up!
The Deloittte Global CPO Survey 2016
Procurement: at a digital tipping point?