Talent News

Keep up to date with industry news, general articles and latest research!

Do you want to upskill your procurement function?

Wednesday 6th March 2019

Do you want to upskill your procurement function? In procurement and want to get yourself ready for the next role? Working outside procurement & supply and would like to progress you career in the procurement & supply chain field? • Materials Management • Finance • Stores & warehousing Want to know what 'good' procurement is in other organisations? Want a formal qualification leading to MCIPS? Applied 'best practice' learning in your work environment? Do you tick any of these boxes? If so, the Level 4 Standard in Commercial Procurement & Supply could be the perfect way to taking your next step in your career. The Standard describes the skills,…

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Procurement apprenticeships? How does that work?

Friday 22nd February 2019

Many people still have a pre-existing idea of what an apprenticeship entails but in today's world, they are a completely reformed and exciting method of advancing one's career. No longer just for the 16-18-year-old school leavers but people of all ages looking to develop their skills and capability. This initiative has been produced to improve productivity in the UK by bridging skills gaps identified by British employers. This benefits employers and employees by developing their skills and their careers in Procurement and Supply. This is a new approach to a new syllabus which could land you a new career, how does that sound? For more information, visit the Institute for Apprenticeships website with the link below. https://www.instituteforapprenticeships.org/apprenticeship-standards/commercial-procurement-and-supply-formerly-public-sector-commercial-professional/ or speak to us about…

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Where is your next procurement colleague coming from?

Wednesday 9th January 2019

According to the Hays Procurement Salary Guide and Insights report fourth edition 2018, "skills shortages remain prevalent". With 56% of responders facing challenges in finding the right talent, 21% saw a top challenge being competition from other employers. A further insight is that 30% of respondents were looking to change jobs within the next 12 months. With the challenges and opportunities facing UK supply chains following whatever Brexit will be in the end, the last thing we need is unfilled vacancies in procurement and supply chain functions. So where are we looking for soft skills such as communication and relationship management that we advertise as part of a skill set requirement but quite often even with higher salaries and increasing recruitment costs…

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Soft skills to deliver Supply Chain Value Architects

Tuesday 24th April 2018
Mandy Chippindale

I was recently inspired by the work of David Loseby FCIPS, who is leading the way in Behavioural Economics with his soon to be released book on the matter. In this modern Procurement age, the days of squeezing the suppliers out of their last penny to secure that must have ego-fuelled saving target feels somewhat alien to the needs of the business. Hard-faced buyers, who play tough are becoming less desirable in today's high risk, complex procurement and supply chain environment. According to research carried out by David Loseby FCIPS in conjunction with Supply Management. The two most sought-after qualities we demand from our Procurement Leaders are Emotional Intelligence and Influencer-Communicator. So how do we build, nurture and develop these qualities in our…

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What came first the chicken or the pre-contract award phase? (Risk management and supply chain diligence)

Thursday 22nd February 2018

The colonel is working on it was the humorous response from KFC recently when asked when and how they would resolve the supply issue of chicken as the shortages continue. The issue stems from KFC switching its deliveries from Bidvest Logistics to DHL in a deal struck last year. KFC's problem? - They're huge and the press loves a multimillion monumental screw-up. A similar situation happened at Burger King six years ago, so why aren't we learning? Apparently, the issue is software malfunction and a shortage of staff. Doesn't this remind us of the Olympics when there was a dramatic shortage of security staff, as the customer of G4S wouldn't pay for training and development ahead of schedule, thus…

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Two-minute guide to Category Management and its benefits

Wednesday 21st February 2018

What is Category Management? In a nutshell Category Management is the consolidation of different agreements into a single streamline and efficient contract. The Category part is a grouping if items or services available from the same or a similar supplier base. The Management side is to own these areas and ensure the business can monopolise on the best available savings. The benefits to the business. • Expected savings of between 10-30% upon delivery. • Development capability across supply base, especially strategic suppliers. • Shift from a reactive function to a proactive function. • Improvements cross functionally in quality, cost savings, sales forecasts and service levels. • Excellent reputation from customers i.e. on-time delivery. • Reduces risk in the supply chain. • High payback ratio. The Procurement Academy offers a 2-day course in Category Management to bring any…

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It's time to start thinking about your training budget!

Tuesday 6th February 2018
Mandy Chippindale

If your businesses outflows are far outweighing it's inflows it is easy to opt for cutbacks...and unfortunately one of the first areas to suffer cutbacks is the training budget, this is a crucial mistake and here's why: 1. The right training program will have a plethora of benefits for a company: it increases employee engagement, retention, and productivity; it decreases the need for supervision, reduces absenteeism, improves customer service, and boosts sales. 2. Well-trained employees make less mistakes and, because they feel appreciated the training will increase their loyalty and personal performance. It will improve their own and others perceptions of them. 3. Minimising staff turnaround has to be one of the biggest benefits. If you only have a small training budget utilise this effectively.…

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Succession Planning – Part 3

Thursday 18th January 2018

How can we invest in our existing talent? Investing in our existing talent often requires a cultural change - it can mean altering ingrained attitudes from long-standing members of senior staff. Keeping people in stalemate job situations because they have the monopoly of skills and knowledge to fulfil that role effectively is not acceptable. Having an individual who can fulfil a specific skill is an asset to a manager but keeping them in that role because the prospect of re-training someone to do something which no one else appears to be able to do or want to do - is not the answer. Give that individual a time frame i.e. three months to re-train the prospective candidate and write a…

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Sucession Planning - Part 2

Wednesday 17th January 2018

The move to succession planning must be one bought in from the CEO and cascaded down at every level. Potential leaders should be identified from junior level up. You will not retain junior procurement professionals who are often initially motivated and energetic, if you constantly recruit externally and pay the new candidate twice as much as the junior team member. This is un loyal and disrespectful. If that procurement member is a valued member of the team, invest in them. Invest in their training and up skill them. Try a performance related pay contract with your existing junior procurement individual. incremental pay increases dependent on key milestones achieved. There is no stronger measure of performance than working with someone full time…

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Succession planning in your Procurement team - Part 1

Tuesday 16th January 2018

What is succession planning and why it is important? Succession is defined in the dictionary as; 'A number of people or things of a similar kind following one after the other.' When we hear the term succession we conjure images of royalty following in the footsteps of royals before them or at the very least family succession - in today's world of procurement this archaic description is not what we mean. Succession in procurement means planning which, if any person can fulfil another person's role if that person at best retires or more realistically leaves for pastures new. (Jobs for life are also a thing of the past, with many procurement professionals jumping ship every few years to progress or climb the…

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