Over the last 20 years, procurement departments have undergone a seismic shift. Historically a back office, clerical function, procurement has become one of the most oft cited levers of shareholder value creation in enterprises today. To successfully create and capture this value however, organizations must hire, develop and retain top-tier talent.
The talent wars in today’s market are brutal; the skills required to succeed in the marketplace are rapidly changing and organizations must address workforce gaps to remain competitive. Over the past 12 months, 60% of procurement organizations have said they struggled to find procurement talent.