Proactive Talent and Knowledge Management: An Imperative for Outstanding Procurement Organizations

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Proactive Talent and Knowledge Management: An Imperative for Outstanding Procurement Organizations

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Accelerating workforce trends are driving rapid change across the economy and impacting procurement organizations. Unemployment has dropped to its lowest rate in 16 years as baby boomers continue to retire in droves. Add slowing productivity growth, evolving work habits, and new expectations among millennial workers, and procurement executives face significant challenges. 

This whitepaper examines vital aspects of managing talent and knowledge and addresses macro and micro trends driving change in the talent landscape. It provides advice on how procurement organizations can  roactively address talent trends, and it presents key components for building an effective and robust knowledge management program.

Contents:

  • Introduction
  • Today’s Workforce Trends – A Shifting Talent Pool
  • More Changes Drive a Need for Proactive Management
  • New Skill Requirements for Procurement Talent
  • Benefits of a Flexible, Balanced Procurement Workforce
  • Tips for Managing Talent Within Today’s Procurement Organization
  • Knowledge Management: Essential to Success
  • Four Elements of an Affective Knowledge Management Program
  • Conclusion

 

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