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Resources and Competencies in Procurement

There are just not enough skilled procurement people and there never will be (Joe Ippolito, Global partner, PWC).

Information about Resources and Competencies in Procurement

Resource and competence-based procurement can provide a good insight into company strengths and weaknesses. Resource-based strategy enables the focus on company competencies and differentiate it from its competitors. Resource- and competence-based approaches are particularly valuable in cases of acquisition, joint venture formation, or other partnership arrangements. Such strategies can aid entry to new markets, taking on new technologies, dealing with disasters or building a sustainable competitive advantage (Mills).

In purchasing, the resourcing of professionals as part of a wider resource- and competence-based organisational strategy should include skills analysis. Purchasing professionals must be competent both internally (within the organisation) and externally (industry, suppliers, customers).

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