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Corporate procurement efforts 'inhibited by skills gap'
New research has indicated that many chief procurement officers (CPOs) believe the work of their purchasing departments is being hampered by a skills gap.
The study by advisory firm Ardent Partners found that 65 per cent of CPOs feel the skill levels of employees in this area "need improvement", Supply Management reports.
Entitled CPO Rising 2011, the survey polled more than 200 CPOs around the world and revealed that 11 per cent of executives identified a "significant gap" in procurement expertise within their teams.
Ardent Partners, which rated key competencies such as contract management and data analysis in the report, said the typical purchasing department appears to possess "a very middle-of-the-road set of skills".
"For the average department, opportunities for improvement abound," the study concluded.
Last month, Aberdeen Group published a research paper entitled The Year of the Supplier, in which it emphasised the need for innovative procurement strategies with the scope to improve performance and reduce supply chain risks.
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