How Organizations Develop Procurement Talent

In the procurement field, there is a gap between the strategic and technological skills professionals need and the ones they currently possess. Closing these gaps through talent management initiatives is a top priority for many organizations. As part of these initiatives, organizations have adopted various talent development program components and approaches to employee training.

With the procurement field evolving, there is a need for a new type of professional who possesses traditional relationship-building skills as well as proficiency with technology and data. To address the gaps between the skills procurement professionals currently have and the ones they need, organizations have made talent management initiatives a top priority.

This infographic presents the types of talent development program components and training approaches that organizations use. It also discusses practices adopted by organizations most effective at talent development.