Procurement should be trusted advisor....
According to the latest Hackett Group’s annual Key Issues study, representing a diverse set of businesses and executive viewpoints, identified the top issues shaping the procurement executive agenda in 2015. Procurement’s operating budget is expected to grow by just 2.7%, allowing for only a select few top-priority initiatives to be funded. According to the study, procurement leaders are planning to focus their transformation efforts in three areas to achieve the biggest enterprise impact in the coming year: cultivating procurement’s role as a trusted advisor; investing in next-generation training and development; and harnessing big data.
Key points identified:-
• Nearly three-quarters of respondents ranked elevating procurement’s role to that of a trusted advisor as a critical or major priority in 2015.
• Although two top priorities – becoming a trusted advisor and increasing agility – are rated as highly important, organizations have a low ability to address them, making them critical targets for capability development.
• To close capability gaps, procurement will be looking for better ways to harness big data and renew training and development efforts.
To see the Key Issue in Procurment in 2015 Survey from the Hackett Group or read more about this in Supply Management.
Key points identified:-
• Nearly three-quarters of respondents ranked elevating procurement’s role to that of a trusted advisor as a critical or major priority in 2015.
• Although two top priorities – becoming a trusted advisor and increasing agility – are rated as highly important, organizations have a low ability to address them, making them critical targets for capability development.
• To close capability gaps, procurement will be looking for better ways to harness big data and renew training and development efforts.
To see the Key Issue in Procurment in 2015 Survey from the Hackett Group or read more about this in Supply Management.