Talent shortage a 'major procurement challenge' admits CPOs: Global survey

Talent shortage remains a major procurement challenge that organisations are trying to overcome, according to a global survey of 432 procurement executives published by Accenture.

The Accenture research and insights into high performance in procurement report identified areas in which purchasing professionals will focus more attention on over the next five years, and found CPOs are keen to overhaul approaches to talent management.

They said the main procurement shortfall is in the area of competency building at all levels, spanning traditional purchasing techniques and new skills necessary to lead the charge into sustainability, risk management and product innovation.

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