October 25, 2019
Procurement has a once-in-a-lifetime opportunity to become a key value creator in the firm triggered by digitalization. However, digital transformation can only succeed if procurement has bright talents with the right skills in place.
Digital fluency will become a core skill for many procurement roles (such as category managers) to analyze avalanches of data and derive valuable insights from it. But developing innovative strategies for the VUCA (volatile, uncertain, complex and ambiguous) world we live in will require much more than that.
Complex and collaborative problem-solving ability will be key to master the challenges posed by digitalization and uncertain markets. At the same time, to empower promising procurement talent CPOs will need to adapt new leadership styles. Combining those elements will transform procurement professionals into "Most-Valuable-Players" (MVPs) for their employers.