Published: 09 February 2024
To align their sourcing engagements with evolving stakeholder needs, IT sourcing, procurement and vendor management leaders must continuously hone their team’s skills. This research helps such leaders benchmark their approach to talent development and improve their team’s competency in key areas.
Sourcing, procurement and vendor management (SPVM) leaders use three categories of approaches to develop staff. Traditional training and development is the most common, followed by relationship- and exposure-based learning. Hiring external advisors is the least-utilized.
Traditional training and development often provides generic courses on topics that do not directly address the underlying skills employees are looking to develop. This misalignment can create disconnected learners who struggle to identify proper training in their moments of need.
Although relationship- and exposure-based training is critical to building essential SPVM skills (such as collaboration, stakeholder management and business acumen), many SPVM leaders have not
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Analysts:
Sanjana Natarajan
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