{"id":3091,"date":"2011-08-03T14:50:00","date_gmt":"2011-08-03T14:50:00","guid":{"rendered":"https:\/\/www.certitrek.com\/nlpa\/2011\/08\/03\/whitepaper-wednesday-the-future-of-procurement-2\/"},"modified":"2023-06-12T11:51:41","modified_gmt":"2023-06-12T15:51:41","slug":"whitepaper-wednesday-the-future-of-procurement-2","status":"publish","type":"post","link":"https:\/\/www.certitrek.com\/nlpa\/blog\/whitepaper-wednesday-the-future-of-procurement-2\/","title":{"rendered":"Whitepaper Wednesday &#8211; The Future of Procurement"},"content":{"rendered":"<p>Welcome to another installment of Whitepaper Wednesday here on the Purchasing Certification Blog. Today, I will be sharing some details of a new whitepaper entitled \u201cThe Evolution &amp; Future of Procurement &amp; Procurement Skills\u201d from Next Level Purchasing.<\/p>\n<p>Don\u2019t miss updates on Procurement &amp; Supply Chain, Subscribe here!<\/p>\n<p>This whitepaper is in interview format with me answering questions such as:<\/p>\n<ul>\n<li>Some experts are predicting that traditional, transactional procurement positions will disappear in favor of outsourcing. Do you see the procurement field going in this direction as well?<\/li>\n<li>How can people in the procurement trenches make themselves more strategic and take advantage of the evolution of procurement rather than being destroyed by it?<\/li>\n<li>The Next Level Purchasing Association recently did a thorough procurement salary survey. What do your findings tell us about where procurement is headed?<\/li>\n<\/ul>\n<p>In addition to my answers to these questions, you\u2019ll also find some predictions and insights like those in this excerpt:<\/p>\n<blockquote style=\"font-style: italic\"><p>\u201cI think one of the areas that is weak today from both a skill and a technology standpoint is predicting supplier performance. As in predicting future supplier performance, not just measuring past supplier performance.<\/p>\n<p>\u201cWhile skilled procurement professionals have good judgment in their supplier selection decisions, there\u2019s still somewhat of a leap of faith involved when selecting a supplier. Sure, we do reference checks, evaluate financial statements, audit the supplier\u2019s facility, and so forth but, to a large degree, we are taking a leap of faith by awarding business to a supplier.<\/p>\n<p>\u201cI predict that, in the future, we will have at our disposal better tools and practices for more scientifically predicting supplier performance. We\u2019ll be able to calculate probabilities of success. We\u2019ll be able to easily build simulations of what supplier performance will look like in the years ahead. These new approaches probably will never be perfect and will always require a skilled procurement human to manage them, but I believe that the leap of faith of today will be reduced to a baby step of faith in the future.\u201d<\/p><\/blockquote>\n<p>If you\u2019re interested in reading my answers to the above questions and getting even more predictions and insights, you can download the whitepaper from Next Level Purchasing\u2019s website at http:\/\/www.NextLevelPurchasing.com\/EFP .<\/p>\n<p><strong>Recommended Reading<\/strong><\/p>\n<p><a class=\"row-title\" href=\"https:\/\/www.certitrek.com\/nlpa\/blog\/nlpa-dedicated-member-of-month-for-july\/\" aria-label=\"\u201cThe NLPA Dedicated Member of the Month for July 2011 Is\u2026\u201d (Edit)\">The NLPA Dedicated Member of the Month for July 2011 Is\u2026<\/a><br \/>\n<a class=\"row-title\" href=\"https:\/\/www.certitrek.com\/nlpa\/blog\/the-nfl-lockout-negotiations-what-can\/\" aria-label=\"\u201cThe NFL Lockout Negotiations:  What Can Procurement Take Away?\u201d (Edit)\">The NFL Lockout Negotiations: What Can Procurement Take Away?<\/a><br \/>\n<a class=\"row-title\" href=\"https:\/\/www.certitrek.com\/nlpa\/blog\/supply-risk-checklist\/\" aria-label=\"\u201cSupply Risk Checklist\u201d (Edit)\">Supply Risk Checklist<\/a><br \/>\n<a class=\"row-title\" href=\"https:\/\/www.certitrek.com\/nlpa\/blog\/whos-going-to-procurecon-indirect-west\/\" aria-label=\"\u201cWho\u2019s Going To ProcureCon Indirect West?\u201d (Edit)\">Who\u2019s Going To ProcureCon Indirect West?<\/a><br \/>\n<a class=\"row-title\" href=\"https:\/\/www.certitrek.com\/nlpa\/blog\/one-of-my-pet-peeves-with-certain-suppliers-part-ii\/\" aria-label=\"\u201cOne of My Pet Peeves With Certain Suppliers, Part II\u201d (Edit)\">One of My Pet Peeves With Certain Suppliers, Part II<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Welcome to another installment of Whitepaper Wednesday here on the [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":4005,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3091","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-procurement"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.13 - 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