CIPS Knowledge & Insight’s Post

Top 3 Challanges in building a culture of continuous improvement within procurement. The greatest difficulties businesses deal with in creating a culture of continuous improvement in procurement come from a combination of structural, cultural, and human factors. 🔷Resistance to Change|:-Overcoming resistance to change is one of the main obstacles. Employees could be hesitant to adopt new techniques or technology because they feel at ease with the current ones. It's critical to address stakeholders' concerns and educate them about the advantages of continual development. 🔷Silos and Lack of Collaboration: -Procurement departments often operate in silos, with limited collaboration with other functions such as finance, operations, or marketing. To find chances for improvement across the organization, it is critical to break down these silos and promote cross-functional communication. 🔷Inadequate Measurement and Feedback Mechanisms:Without precise measurements and feedback channels, it is difficult to analyze the impact of continuous improvement programs and follow progress over time. Establishing key performance indicators (KPIs) and executing regular performance assessments and feedback loops are critical for monitoring and evaluating improvement initiatives. ✅Addressing these challenges requires a comprehensive approach that includes leadership commitment, employee engagement, process change, technology adoption, and a readiness to learn and adapt. Through proactive measures, companies can foster an environment of continuous improvement that encourages creativity, efficiency, and a competitive edge in procurement processes. 🔉share the challenges you came across! #procurement #strategicprocurement #performancemanagement #leadership #linkedinlearning #challanges #changemanagement #silos #efficiency #improvement #procurementmanagement #cpos #supplychain #scm #veeshwasskulkarni

🌟 Excelling in People Management in Procurement 🌟 In the dynamic landscape of procurement, effective people management is not just a skill, it's a cornerstone for success. As leaders in this field, we understand the pivotal role our teams play in driving organizational objectives forward. Here are a few insights into mastering people management in procurement: 1️⃣ Communication is Key: Transparent and open communication builds trust and fosters collaboration within the team. Ensure that everyone is aligned with the procurement strategy and goals, and encourage feedback at every level. 2️⃣ Invest in Development: Empower your team with the knowledge and skills they need to excel. Provide training opportunities, mentorship programs, and resources for continuous learning. A well-equipped team is a confident and high-performing team. 3️⃣ Recognize and Reward: Acknowledge the hard work and achievements of your team members. Celebrate milestones and successes, no matter how big or small. Recognition boosts morale and reinforces positive behavior. 4️⃣ Embrace Diversity and Inclusion: Embrace the diversity of perspectives and experiences within your team. Foster an inclusive environment where everyone feels valued and respected. Diverse teams are more innovative and better equipped to tackle complex challenges. 5️⃣ Lead by Example: Set the tone for professionalism, integrity, and accountability. Lead by example in your actions and decisions, and uphold ethical standards in all aspects of procurement operations. Effective people management is not just about managing tasks; it's about empowering individuals to reach their full potential and achieve collective success. Together, let's cultivate a culture of excellence and collaboration in procurement! #Procurement #PeopleManagement #Leadership #TeamBuilding #ProfessionalDevelopment #SupplyChainManagement

Hey Everyone! Join me on The Procurement Channel as I reveal the one essential skill you need to master for a successful career in procurement and how it can lead you to a six-figure salary as a procurement director. Don't miss out on our exclusive mentorship program details included in the video. Watch the full video now. https://lnkd.in/gzCuipWB #procurement #supplychain #logistics #innovation #transformation #kloepfelconsulting

Yesterday we held our webinar on “Building High Performing Procurement Teams”. One of the slides I presented (see below) highlights some striking findings from our ANZ CPO Insights report: ➡️ Only 40% of organisations have effective programs to develop procurement talent. That means 60% don’t! In a world where procurement is expected to achieve more with less, we have to ask—why is talent development not a priority? ➡️ Just 28% of leaders believe procurement influences strategic organisational decisions. Is this an accurate reflection of reality, or are we underestimating the impact of procurement as a function? ➡️ 49% of respondents feel their procurement teams are under-resourced. Is this a symptom of recruitment and retention challenges—or inefficient processes driving resource demands? These stats spark important questions about how we as a profession evolve to meet rising expectations. What are your thoughts? Which of these stats resonates with you the most? --------------------------------------------- For more insights on the topic of procurement & supply chain, please feel free to connect with me, and also give ArcBlue Asia a follow.

The Road to World-Class Procurement: Developing a Leadership Team with a Winning Mindset As a Chief Procurement Officer (CPO), setting the ambition to build a World Class procurement function is both bold and transformative. But to achieve this vision, your Procurement Leadership Team (PLT) must be fully aligned with this goal and adopt the same mindset. Their success is essential in driving the strategic initiatives required to position procurement as a true business partner. Why a World Class Mindset is Crucial World Class procurement isn’t just about operational efficiency—it’s about creating value at every step. This includes mastering cost efficiency, risk management, innovation, and sustainability. Your PLT needs to embrace a mindset focused on continuous improvement and agility. They must be proactive in leveraging technology, driving collaboration, and engaging with stakeholders across the business. Developing such a mindset within your team requires consistent investment in leadership development, change management, and cross-functional collaboration. It’s about instilling a culture of agility, accountability, and the pursuit of excellence across every member of the team. What Happens if You Succeed? When your PLT adopts a World Class mindset, procurement evolves into a true value driver for the organization. Improved supplier relationships, cost reductions, and risk mitigation become standard outcomes. Procurement will be seen not just as a cost-saving function but as a strategic partner that drives innovation, sustainability, and competitive advantage. The alignment within the leadership team will foster a culture of continuous improvement, allowing procurement to respond quickly to market changes and opportunities. This agility will position your organization ahead of the curve. The Risks of Failure On the other hand, if your PLT fails to embrace this mindset, the consequences can be significant. The procurement function may stagnate, struggling with inefficiencies and missed opportunities. The function could be seen as a bottleneck rather than a strategic enabler, limiting its impact on the business. Resistance to change can also lead to internal silos, hampering collaboration and preventing procurement from realizing its full potential. This lack of alignment can ultimately erode trust within the organization and diminish procurement's role in driving business value. Conclusion As a CPO, striving for a World Class procurement function starts with building a PLT that shares your vision and embraces a growth-oriented mindset. The road to success is challenging, but the rewards are immense—for both your team and the broader business. By developing the right leadership, you’ll ensure that procurement is not only operationally excellent but a key driver of value, innovation, and sustainability. #Procurement #Leadership #CPO #WorldClass #Transformation #ProcurementExcellence #BusinessSuccess

Why I Love #Procurement: A Reflection from the Sales Side Transitioning from procurement to focusing on bringing awareness to Hire-Train-Deploy for emerging IT talent has given me a unique perspective on the #value procurement brings to any organization. Here are a few reasons why procurement will always have a special place in my heart: 💸 Strategic Impact: Procurement goes beyond cost savings; it's about strategic partnerships that drive innovation and competitive advantage! The thrill of #negotiating deals that not only save money but also bring in value-added services and innovations is unparalleled. 👂Cross-functional #Collaboration: Working in procurement allowed me to collaborate across different departments, understanding their needs, and finding solutions that align with the organization's goals. This collaborative spirit is something I've carried into my current role, fostering teamwork and unity towards common objectives. 🏫 Passion for Talent Development: Procurement is a field ripe with opportunities for emerging talent to shine! It taught me the importance of nurturing skills and investing in people's growth. Now, on the sales side, I'm applying these lessons to develop the next generation of IT talent, ensuring they're equipped to tackle the challenges of tomorrow for their future employers. Procurement isn't just a function; it's a strategic partner that shapes the future of businesses. As I continue to champion Hire-Train-Deploy for emerging IT talent, the lessons learned from procurement remain invaluable. #ProcurementPassion #StrategicPartnerships #TalentDevelopment #Leadership

Becoming a manager is not the only route to a fulfilling #career in #procurement. We asked the CIPS Connect community to share examples of success without the responsibilities of people management, and ways of progressing without getting involved in HR. Discover what they had to say in this article:  https://lnkd.in/ga7BMhEv

Boost Supplier Efficiency with Performance Management! Learn how to set clear expectations, consistently monitor supplier performance, and reward excellence to ensure a reliable supply chain. This reel provides actionable tips to enhance supplier efficiency and strengthen partnerships. 📽️ Watch the full video here: https://lnkd.in/gW6GAjWE . . . #SupplierEfficiency #PerformanceManagement #SupplyChainSuccess #MonitorPerformance #SupplierPartnerships #BusinessGrowth #SmartSourcing #SupplyChainManagement #KPITracking #SupplierTrust #SourcingTips #SupplierMotivation #EfficientSourcing #RiskManagement #QualityControl

Procurement leaders are facing unprecedented challenges, such as talent shortages, supplier disruptions, and inflationary pressures. However, these obstacles also present opportunities for growth and transformation. In this video, I share insights from recent conversations with procurement professionals and offer strategies for building high-performing teams, retaining top talent, and developing the resilience to navigate any storm. Ready to turn challenges into triumphs? Schedule a no-cost consultation today. #procurement #supplychain #talentmanagement Meritas Advisory Group - a Certified PI Partner

In addition to the skills listed below, what other qualities do you believe are essential for a successful #procurement manager? I would include a profound understanding of the #operations they support, #intercultural competence, and adept #projectmanagement abilities.