Winning the War for the Best Procurement and Supply Chain Talent

Procurement and Supply chain roles have been changing drastically. The most significant change is the move towards efficient, cost effective, hybrid methodologies, using a mix of traditional (manually driven) operations as well as the latest technology. Procurement & supply chain will be driven through Artificial Intelligence and Robotic Process Automation to a greater extent. Drones will be utilized in monitoring manufacturing, warehousing, and distribution facilities. The next challenge is to acquire matching human resources to support the process. If you are in any industry dependent on procurement and supply chains, it is important to plan your HR strategy to remain viable and profitable in your industry.

How to win the war for the right talent to remain sustainable in a technology driven supply chain industry? The solution lies in aligning your HR strategy to future focused developments.

Our SandS resultants have recently started assisting a client to up-skill their procurement & supply chain employees. This is making their business remain viable and profitable, by using the best procurement & supply chain technologies.

In this article we will share three highly profitable areas that can help your organization’s HR strategy win the right talent. It should consider; up-skilling the existing employees, creating an environment to attract technology professionals, and engaging with third party knowledge providers.

1. Upskill existing employees

Ensure you encourage Continuous Professional Development (CPD) for your team. It is also important to eliminate fear in their mind about job loss. Technology should be driven by humans. Thus, it is important to swiftly acquire the knowledge relating to current & future IT skills. As leaders, you will have to draw a plan to gauge the knowledge gaps in your organization and take steps to up-skill your teams to work with these technologies. Key subject areas to consider in your development plan are AI, RPA, IoT, Blockchain and Data Science.

2. Create an environment attracting future technology professionals

It will also be required to move away from traditional job roles to hybrid job roles that include supply chain proficiency with AI, RPA and Data science. New tech qualified professionals avoid companies driven by too many manual processes that stick to the traditional inefficient methods. Start assessing the manual tasks in your internal processes and automate them. This will immediately improve your bottom line and avoid you losing out on the good candidates your business needs. It is also required to have remote working options. This is the new normal in the current workplace and your organization has to be aligned to this to attract talent.

3. Third party knowledge providers

Technology evolves rapidly. Therefore, it is important to hear it from the subject matter experts. Nowadays many third-party IT knowledge partners are emerging. It is important for the business owners to start a conversation with the right ones to identify specific technological aspects suitable for your organisation. This will also save your time and money spent in research and analysis of technologies. You can plan to form strategic partnerships with them to suit your requirements. Strategic partnerships allow an organization to leverage knowledge and expertise of the third-party company, to quickly unlock immediate as well as ongoing long-term business benefits.

Written by Nara, ACMA, CGMA (CIMA-UK), MBA. Nara is a Commercial Accountant at SandS Australia. She has 15 years of experience in business, finance and accounting in senior managerial roles helping analyse, identify, and drive business growth

Edited by Sam Mansoor. Chartered Management Accountant, CPA, Chartered Global Management Accountant, Dip. Equity Trading. He has over 30 years’ experience helping businesses achieve immediate and long-term success.