Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

3 part framework for procurement talent transformation

18 views

Published on

There is nothing new about the idea that procurement is standing on the verge of a talent catastrophe. Processes and technology are evolving at an accelerating rate, distributed buyers are more capable of independence every day, and non-traditional work models (i.e. the gig economy) mean that executive teams have an impressive range of resources at their fingertips – quickly and cost-effectively.

Published in: Technology
  • Be the first to comment

  • Be the first to like this

3 part framework for procurement talent transformation

  1. 1. 3-Part Framework for Procurement Talent Transformation VISION, REALISM, AND ACCOUNTABILITY Thank you for joining us, we will begin momentarily.
  2. 2. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay Tips for using WebEx  Audio is provided through your computer speakers only If you are unable to hear the audio through your computer speakers, simply click on the phone icon above the chat window to receive teleconference information.  The chat box (asking questions/tech issues)  In case of any other technical problems write to us at webcasts@zycus.com 3-Part Framework for Procurement Talent Transformation : Vision, Realism, and Accountability
  3. 3. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay Today’s Speaker  M.B.A, Babson College; M.S. Library Science, Simmons University  Former Assoc. Director of Consulting, Emptoris; Hired Services Sourcing Analyst, Ahold USA  Business Survey Chair, ISM-New York  Author: • Supply Market Intelligence for Procurement Professionals: Research, Process, and Resources (2014) • Procurement at a Crossroads: Career Impacting Insights into a Rapidly Changing Industry (2016) • Finance Unleashed: Leveraging the CFO for Innovation (2017) Kelly Barner Owner, Buyers Meeting Point
  4. 4. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay Today’s Focus  Traditional learning & development is no longer effective in today’s competitive environment  Key ingredients for self-driven procurement skills development: vision, realism, and accountability  Envisioning procurement talent development in a digitally transformed environment
  5. 5. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay Check out our webinar at https://zyc.us/2VQEdQq
  6. 6. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay The Challenge Traditional skills development is obsolete in today’s competitive environment: We never have enough time Training is not a high priority Budgets are shrinking It is boring!
  7. 7. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay Training V. Development Choosing between training and development is a question of your main objective:  Training Behavior  Development Talent Source: Bill Michels, “Training or Development? There Is A Big Difference,” Supply & Demand Chain Executive Magazine, 17 May 2018, https://www.sdcexec.com/professional- development/article/21001357/training-or-development-there-is-a-big-difference.
  8. 8. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay Self Driven Talent Transformation Self driven talent transformation is a reality and an advantage:  According to the LinkedIn 2018 Learning Trends Report: • 58% of employees prefer to learn at their own pace • 49% of employees prefer to learn at the point of need  According to Ardent Partners CPO Rising 2018 Report: • Improve staff capabilities is the 5th highest priority at 27% of CPOs • Behind technology, collaboration with the business, stakeholder communication, and policy/process development  Remember: Training v. Development…
  9. 9. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay Vision As with most procurement efforts, we start by setting a baseline:  Current-state objectivity  Future Formality  And… Why?
  10. 10. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay Check out our webinar at https://zyc.us/2VQEdQq
  11. 11. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay Realism Newton’s first law: “An object at rest stays at rest and an object in motion stays in motion with the same speed and in the same direction unless acted upon by an unbalanced force.”
  12. 12. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay Accountability Accountability breeds response-ability. -- Stephen Covey  Accountability to self  Accountability to plan  Accountability to someone else
  13. 13. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay Coaching Having live, dynamic encouragement and guidance can make all the difference in the development process:  Built in accountability (and credit)  Challenge yourself to put it into practice  Step up and BE a coach or mentor  Who will you approach?
  14. 14. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay With What Content? The problem isn’t finding content, it is finding the RIGHT content.  Choose your channel  Leverage social media  Find a curator  Pick something and go! Resist inertia!
  15. 15. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay Role Of Technology
  16. 16. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay Digital And Talent Transformation In Parallel  Start with what’s currently in house.  Don’t be intimidated by what’s new.  Identify and resolve non-digital chokepoints.  Step up for a new role – even if you’re not fully qualified (yet).
  17. 17. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay Key Takeaways  No one is better positioned to be an advocate for you than YOU!  Think about the role that others can play in your development process, and what you can give in return.  Beware inertia!!  Digital transformation provides ample opportunities to grow and gain new experiences. Seize them!
  18. 18. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay Feel Free To Reach Out! Kelly Barner  LinkedIn: https://www.linkedin.com/in/kelly-barner-6884443/  Twitter: @BuyersMeetPoint  Email: Kelly@buyersmeetingpoint.com
  19. 19. +1 866 563 9219 info@zycus.com www.zycus.com Thank You

×