In the current context, companies must constantly evolve their processes and operations, one of the most important being Supply Chain management. This places Supply leaders at the epicenter of changing market dynamics, requiring new skills and capabilities in this role.
What are the new skills they should have?
1. Data Analytics
In an environment where information is key, the ability to analyze large data sets has become a fundamental skill. Sourcing leaders must be able to extract meaningful insights from data to make informed decisions. Predictive and prescriptive analysis tools are allies to anticipate demands, optimize inventories and improve operational efficiency.
2. Artificial Intelligence Domain
Artificial intelligence (AI) facilitates the automation of processes, from demand forecasting to inventory management. Procurement leaders must understand how to implement and leverage these solutions to improve efficiency and accuracy.
3. Supplier relationship management
Collaboration with suppliers goes beyond the simple commercial transaction. Managing strategic relationships with suppliers has become crucial. Procurement leaders must cultivate strong partnerships, collaborate on innovation, and work together to overcome challenges. Effective communication and mutual understanding are key skills in this dynamic business relationship.
4. Agility in Decision Making
The volatility of today’s business environment requires an ability to adapt. Sourcing leaders must be agile decision-makers, able to adjust strategies based on changes in market demand, supply chain disruptions, or technological developments.
5. Sustainable Approach
Sustainability has become a fundamental criterion in purchasing decisions. Procurement leaders must consider the environmental and social impact of their decisions. The ability to integrate sustainable criteria in the selection of suppliers and goods is crucial to align with consumer demands and government regulations.