Development

Studies show that each year organisations are spending less on training even though they acknowledge that their procurement teams do not possess the necessary skill sets to deliver on their strategic objectives. By not investing in developing their existing procurement people, an organisation is investing in failure because they are sending out the wrong message to potential candidates. In this lecture Michael Cadieux provides an outline of how to develop a training program that will deliver tangible value while demonstrating to prospective candidates why your team should become their team. Michael Cadieux is a 20 year+ seasoned Indirect Sourcing industry executive who is now focusing on improving the Sourcing industry as a whole through building collaborative communities such as Procurement Foundry where fellow practitioners can gather, learn and grow. Visit Michael’s LinkedIn Profile @ https://www.linkedin.com/in/michael-cadieux-4a0123/

With the recognition of procurement’s strategic importance to the enterprise, the role of the procurement professional has evolved from being a functional job to a strategic position.  In the past, candidates did not require a 4.0-grade average from a prestigious university to become a “buyer.”  Nor did they have to have experience in terms of dealing with a globalised supply base within the framework of a socially responsible mandate.

In asking procurement professionals through a series of surveys, if they had to do it all over again, would they choose procurement as a career more than 50 per cent said no. What was even more telling was the fact that a good percentage of those who responded to the surveys were in the profession for less than three years. Organisations today must demonstrate in principle and practice how procurement is no longer an adjunct function of finance with the sole mandate of acquiring goods and services at the best cost. In this lecture, Kelly Barner talks about the steps your organisation must take to update its internal dialogue regarding procurement’s strategic importance to the enterprise to attract the best and the brightest candidates. Visit Kelly’s LinkedIn Profile @ https://www.linkedin.com/in/kelly-barner-6884443/

In this first in a five-part series of lectures, Stephen Day provides a detailed overview of the four main reasons why we are now experiencing a talent shortage in the procurement world.