Procurement Pros Lack Risk Management Skills
What skill set is particularly strong for a typical procurement team? Negotiation.
Where do procurement pros generally lack expertise? Risk management.
At least that’s what ADR International found when it compiled data provided by more than 3,000 individuals at 40 companies and public sector organizations worldwide.
The results of detailed self-assessments using ADR International’s Development Needs Analysis (ADR DNA) tool show that essential skills including negotiating, soliciting bids and contracting are the highest-scoring on average, while risk management and supply market analysis rank lowest.
If you’re like me, you’re not particularly surprised by this new data. But, I’m pointing it out because I do feel that this gap in know-how is unfortunate, to say the least. (more…)
