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What is Talent Development?
Talent development is the process of building upon an employee’s skillsets to advance individual competency or growth within the organization. Effective talent development programs help employees understand their roles better and actively work to gain the skills needed to be successful in…
2024 Knowledge Management Priorities & Trends
In my 2024 predictions blog on November 14, 2023, I discussed how business leaders continue to see the connection between knowledge management (KM) and the overall success for their organization. APQC’s recent research on 2024 priorities shows KM is still a priority for most organizations and…
What is Process Mapping?
Process mapping is one of the ways organizations can document and understand their processes. Often, projects lack clear scope and poor understanding of work processes. Process mapping can help create an upfront understanding, allowing organizations to realize some of the issues and assist in…
Five Continual Pre-Closing Activities for a Stress-Free Year-End
Waiting until the last minute to start year-end closing can add to the already stressful process. By performing pre-close activities throughout the year, accounting teams can ensure a faster and easier cycle time and alleviate some of the year-end pressure. When performed throughout the…
PPM Priorities and How APQC Research Can Help
Every year, we conduct a survey of process professionals to understand the current priorities and challenges they expect to face in the coming year. According to the 2024 survey, process professionals are focused on the following areas this year:Process management (97% of survey respondents)…
Connect, Change, and Grow at APQC’s 2024 Conference
Throughout the past few years, we’ve heard organizational action verbs such as "pivot" and "adapt", but what do they really mean when people are involved? Beyond simply “getting the job done,” people are at their best when they’re able to collaborate and connect with others to share ideas, address…
4 Tips for a Faster and More Effective Budgeting Process
Completing the annual budget in a short time goes a long way in saving time and money across the organization. APQC finds that top performers (those at the 25th percentile) complete the annual budget in 28 days or less—nearly twice as quickly as organizations in the 75th percentile.Creating your…
Top 5 Procurement Strategic Objectives
APQC research shows that procurement is changing for the better with its strategic objectives. While in the past the focus was on cost savings, now there’s also an emphasis on avoiding supply disruption. Reflecting other changes in business environments, additional notable objectives include…
How to Improve Your Knowledge Management Strategy
Whether you are starting a new knowledge management (KM) program in 2024 or continuing to evolve and expand an existing program, it is critical to have a documented KM strategy. A clearly articulated strategy and roadmap ensure the KM team remains focused on goals that support the business, helps…
ESG Changing Supply Chain Decision-Making
In the current market, the increasing importance of Environmental, Social, and Governance (ESG) is primarily influenced by new regulations and customers' ever evolving expectations. Business customers and consumers are increasingly aware of their purchases' social and environmental impacts,…