Is there a skills gap in risk management ?
PROCUREMENT STRATEGY
Is there a skills gap in risk management ?
A recent CIPS survey revealed that 49 % of procurement teams struggle to find the right talent .
“ There ’ s always a shortage of talent in procurement ,” says Duncan Brock , Group Director at CIPS .
This is certainly the experience of JAGGAER CEO , Jim Bureau , who says : “ In recent years we ’ ve seen a severe procurement talent shortage in many industries . One of the reasons is frustration and burnout , due to working with technology that is out of date , and unable to help teams address today ’ s challenges .
“ It ’ s draining when risks and disruptions make work a constant challenge , and a monotonous work routine gets in the way of being able to drive forward morerewarding and strategic projects .”
JAGGAER ’ s technology is helping address this problem , explains Bureau , by eliminating routine tasks through automation . “ This enables procurement professionals to focus on morestrategic activities , such as managing and mitigating risk - all of which is supported by analytical software ,” he explains . “ This in turn makes procurement a more attractive career option for young talent .”
Brock observes how risk has always been an ever-present factor for procurement and supply professionals , and that it always will be . “ It ’ s just that the nature of those risks change every now and then ,” he concludes .
66 March 2022