Latest research from Procurious, an online business network for a new generation of procurement and supply chain professionals, reveals that procurement teams are facing critical training and capability gaps.
Gaps that could threaten a business’s ability to reduce costs, drive productivity and mitigate supply disruption. The report found that over 90% of procurement leaders say skills shortfalls are already impacting their ability to deliver on business objectives.
“The procurement function has a generational opportunity to shape the business and economic decisions of the next decade, but businesses must invest in the people expected to lead it. Too often, capability development prioritises sales and revenue growth, leaving those managing cost, risk and compliance under-resourced and under-skilled,” says Tania Seary, Founder of Procurious.
“Closing the gap requires more than static curricula and occasional training. Procurement professionals need ongoing learning that keeps pace with changing markets, supply chains and technology, informed by what peers are trying and which approaches are delivering results.”