New market realities are changing the procurement landscape and increasing demand for skilled talent in the function. With credentialing often falling short of expectations and few universities offering degrees in procurement or sourcing, organizations will need to develop the next generation of procurement talent in-house. However, recent research by APQC shows that many organizations are not prepared to do so. APQC surveyed 204 global procurement professionals to identify the top ten skills for the future of procurement. Social or “soft” skills dominated the list, claiming five out of ten spots.
This article is part two of a two-part series on the skills gap in procurement. It focuses on how organizations are getting it right—and where they’re falling short—when it comes to realigning talent development with skills future procurement professionals need most. To learn more about the trends driving demand for skilled procurement talent, see Closing the Skills Gap in Procurement Part 1: The Problem.