Are we ready for the future of Procurement?

The skillset required of procurement professionals is evolving rapidly, and the procurement landscape of today will look drastically different in ten years. In fact, the landscape of work in general will be drastically different. 

A Gartner survey revealed a startling truth: an extraordinarily low 14% of procurement leaders believe they are ready for the future. This is a wake-up call. 

The procurement professional of tomorrow will need to master new technologies, embrace innovative strategies, and develop advanced analytical capabilities. Yet, many teams are still playing catch-up with the present demands, let alone future challenges. 

We need to vastly improve our readiness for what’s ahead. Here’s what we can start doing now: 

• Invest in Continuous Learning: Encourage ongoing education and training to keep skills sharp and up to date. 
• Embrace Technology: Integrate advanced tools and technologies to streamline processes and enhance decision-making. 
• Foster Innovation: Create a culture that values and rewards innovative thinking and problem-solving. 
• Enhance Collaboration: Strengthen cross-functional collaboration to drive strategic value and align with broader business goals. 

The time to act is now. Let’s ensure our teams are not just ready to face the future but to thrive in it.