Procurement Function has changed, as have the roles and responsibilities.
1. Companies address a shortage of skilled professionals.
2. Procurement addresses a lack of recognition.
We address the lack of procurement software (tools), resources, and training to meet the new requirements and expectations of this changing function.
How can we find common ground and align both the expectations and needs of procurement professionals?
How can we bridge the gaps?
Yet, the future of procurement is bright.
However, challenges remain:
1. Talent gap: a shortage of skilled professionals.
2. Resistance to change from organizations: difficulty adopting new technologies and processes.
3. Short-term focus on cost reduction: neglecting long-term strategic goals.
4. Lack of training & development: difficulty to retain & attract new talents.
The pressure for short-term results, like savings often overshadows long-term strategic goals and the full range of procurement function activities that drive real growth.
How can we align the gaps between the needs and the expectations?
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