Competition is fierce. Your company needs every advantage it can get. And needless waste from your procurement processes only eats up valuable resources and holds you back.
Without an effective and reliable supply chain, your business risks unnecessary delays. Your customers and clients will wait longer for goods and services (or they may not receive them at all). You’ll lose out on valuable discounts. And you could end up damaging vendor relationships you need to stay competitive.
Luckily, you can drastically reduce procurement inefficiencies easily by following best practices. Here’s what you need to do to make that happen.
While no one can know what the future will bring, individuals who actively invest in building their skills in these key areas will be well-prepared come what may. Following are the key skills a procurement professional should possess for delivering KRAs in pressure situations :