SlideShare a Scribd company logo
1 of 10
Download to read offline
Procurement’s four
character traits
Poll Report #1
Research Author: Jon Hansen
for Sourcing Solved &
Procurement Foundry Press
Procurement’s Four Character Traits
2
According to Deloitte‘s 2021
CPO Survey, procurement
“isn’t just about cost savings and
operational efficiency anymore.”
Procurement leaders have had to “change
strategies in an instant to adapt to the next normal.”
In the recent Sourcing Solved/Procurement Foundry
Press LinkedIn Polls, we asked, “Which one of the
following character traits is the most important for
a procurement professional to possess in this brave
new world and why?”
Before we delve into the reasons behind the
responses, here are the results. Note that the first
poll with 1,015 votes was from the general, overall
procurement industry populace. In comparison, the
276 votes second poll reflects the opinions of CPOs
who follow the CPO ARENA podcast.
Procurement’s four
character traits
Poll Report #1
Procurement’s Four Character Traits
3
Procurement Industry General
Populace (August 2021)
CPO Arena
(August 2021)
Link to Poll and Comments
Link to Poll and Comments
Procurement’s Four Character Traits
4
Summary
Defining The Character Traits
Before we can analyze and understand the
results, a quick primer on the meaning of each
character trait is in order.
In order of poll response priority, here is a
breakdown of each trait meaning:
Proactivity
In its simplest form, proactivity or being
proactive is taking the initiative to recognize
and solve a problem before action is needed.
In short, it is solving a problem before it is a
problem.
Curiosity
Perhaps it is self-explanatory, but we will
define it anyway – a strong desire to learn
about something.
Resiliency
The ability to overcome adversity or “spring
back into shape.”
Creativity
The ability to imagine or reimagine an
original idea.
Procurement’s Four Character Traits
5
Out of the 1,291 votes cast in the poll, “Proactivity”
received the greatest number of votes yet was
talked about the least. There was a total of
160 comments. Of those, only three referred to
proactivity or the importance of being proactive.
One person suggested that “Proactivity is a
culmination of all the other traits,” while another
wondered, “How can you be proactive without
being resilient or creative?”
A third respondent suggests that while all four traits
are interconnected – one feeding off of the other,
“The one which may drive the most efficient result
remains for me to be proactive.”
Proactivity and the
Silent Majority?
Our take
To start, we don’t think that there is a right or wrong
answer to this poll. That said, it goes without saying
– especially in the post-pandemic world, that those
who take the initiative and take action to address
the new challenges we are facing both individually
and collectively will rise to the top and stand out
in a dramatically shifting talent marketplace.
The fact that it was listed as the number 1 desirable
trait would also suggest that professionals
demonstrating a higher propensity to take charge
are likely to command the greatest interest and
potentially a higher remuneration.
What does it all mean?
Procurement’s Four Character Traits
6
Curiosity’s Cat
Is Alive and Well
Out of the 1,291 votes cast in the poll, “Curiosity”
received the second-highest vote count from
both the general procurement populace and
CPOs – although the latter expressed a notable
favor over the former.
One of the more interesting comments was
that curiosity was closely aligned with “pushing
boundaries” and “thinking differently.” In other
words, as one respondent put it, “curiosity is
probably the best skill to have to navigate the
big transformations ahead!”
So, what does curiosity look like - what form
does it take? How is it reflected or manifested
in the real world?
According to another person who took the
poll, procurement professionals must not only
expand their vision in familiar areas such as
“new products, items, categories, sourcing,”
and “all the tech stuff.” It also has to expand
to include a new way of seeing “data science,
marketing, and accounting,” all of which “will
help us get the big picture and make the
best decisions.”
In short, “genuine curiosity is the
fuel that keeps the engine
running.”
Interestingly enough, expanding or extending
your curiosity to new areas aligns with the
recent findings of the Deloitte Global 2021
Chief Procurement Officer Survey.
The survey starts by reporting that procurement
“isn’t just about cost savings and operational
efficiency anymore.” It then states that CPOs
must focus on everything from “innovation,
digital transformation, introducing new
products and services.” In addition to these, it
also refers to “other factors” such as “climate
change, geopolitical stability, increasing societal
expectations, and world health” citing them as being
“a strategic priority for organizations.”
Our take
There is no doubt that procurement is undergoing
a tremendous period of transformation and that
curiosity is a big part of dealing with said changes.
The real question is whether or not the procurement
professional in general is up to the same level
of speed as their CPOs regarding the direction of
their focus.
Over the past few years, when polled, most CPOs
expressed the belief that their current teams lack
the required skill sets to achieve their strategic
objectives. The question we have is whether the
issue is due to the lack of skills or the absence
of curiosity in reaching beyond the familiar cost
savings model. The 6 percent gap between
how CPOs value curiosity versus the general
procurement populace may not seem like much.
However, given where the industry is heading, it
could become a significant factor if the gap widens
instead of closes.
Procurement’s Four Character Traits
7
Creative Balance
While the priority of their rankings differed – the
general procurement populace ranked creativity
as the least in-demand trait of the four. In
contrast, CPOs ranked it third. With both groups
creativity garnering an equal 18 percent vote.
Interestingly, creativity and curiosity seemed
to go hand in hand, at least with some of those
responding to the poll. As one professional put
it, while “proactivity and resiliency are a given
for today’s procurement professional,” to “take
things to the next level, they need a combination
of creativity and curiosity to deliver along the
entire value chain.”
As was the case with the other “soft skills,” there
seemed to be a consensus that companies
were not doing enough to foster or develop and
reward those who demonstrate creativity in their
day-to-day work.
Our take
If we were to look at this objectively, instead
of asking what companies can do to encourage
creativity, we would look inward at what we can
and should do as procurement professionals.
As one respondent so aptly put it, “changing
or pushing oneself out of comfort zones
fosters creativity.”
By suggesting that “creativity can be unleashed
by allowing people to truly think out of the
box,” it would appear that any lack of creativity
in procurement has more to do with self-
censorship than it does organizational support.
In other words, people have to learn to speak up
during brainstorming sessions and speak their
minds. In this context, creativity is as much an
act of will as it is a talent or skill.
Procurement’s Four Character Traits
8
Mass Resiliency
There is no surprise that resiliency was valued
more by the general procurement populace than
it was by CPOs – 20 percent of the vote for the
former while 16 percent for the latter.
This difference suggests that many
procurement professionals value resiliency
more than management because of the
changes that are rippling down through to the
front lines. In addition to being asked to do more
of their traditional functions with less, there is a
greater demand for procurement professionals
to expand the scope of responsibilities into
new areas. Refer to the previously referenced
Deloitte survey.
As one writer put it, “resilience would be my
top pick” because it will “enable a proactive
approach to overcome the unexpected.” In this
regard, resilience is the “new innovative soft
skill that we have to develop to excel, in this
constantly evolving environment we work
in nowadays.”
Our Take
In today’s post-pandemic world, in which both
our working and personal lives have been turned
upside-down, resiliency would seem to be an
invaluable trait. At least this was the case when one
respondent expressed surprise that resilience was
not the top trait.
According to this, individual procurement “plays a
very nuanced, often difficult balancing role among
stakeholder groups and supply markets.” Referring
to what they called “small challenges and puzzles
to solve at each step of the process,” resilience is
critical to navigating the “nos, what-abouts, and
stops-and-gos which those we serve introduce to
each project.” In this context, perhaps resilience is
as much about patience as it is any of the other
traits listed in our poll.
In the end, polls such as this one, while subjective,
are invaluable in that they stimulate broader
discussion from which we can all learn from each
other and ultimately discover the all-important
common ground that strengthens our collective
profession.
We would be the first to agree that these four traits,
while important, are not the only traits to consider.
That said, they appear to be both individually and
collectively the most notable. How they can be
developed and leveraged to meet both the current
and emerging demands of a profession and
industry in transition will ultimately reflect their true
value in the weeks, months and even years ahead.
Conclusion
Thank you to all the people who read, voted and
commented on our recent poll. We invite you to
participate similarly with our next poll on the use
of blockchain in procurement.
Procurement’s Four Character Traits
9
The World’s Leading Sourcing Community
Procurement Foundry is a private community
where indirect procurement and supply chain
management professionals come to gather, learn,
share and grow.
The Evolution of Procurement Talent Assessment,
Acquisition and Development Securing Top
Procurement Talent in the Digital Age
Poll sponsors:
Jon Hansen
Chief Editor of the Procurement
Insights blog
As the Founder and Chief Editor of the Procurement
Insights blog, Jon Hansen has gained an
international reputation for delivering unique and
meaningful insights into the procurement world and
business in general through a variety of mediums
including radio and television.
A sought after speaker, writer, and moderator; he
is a two-time Ottawa Finalist for the Ernst & Young
Entrepreneur of the Year Award for having built
and ultimately selling his software company for
$12 million.
With 40 years of high-tech industry experience and
almost as long in procurement, Jon’s recognition as
one of the Top 50 Procurement Influencers globally
reflects the value that he brings to our industry.

More Related Content

What's hot

Selling to Procurement FINAL MASTER report
Selling to Procurement FINAL MASTER reportSelling to Procurement FINAL MASTER report
Selling to Procurement FINAL MASTER reportHelen Wilcox
 
Accounting Firm Competitiveness Cch Singapore 22nd April 2010
Accounting Firm Competitiveness Cch Singapore 22nd April 2010Accounting Firm Competitiveness Cch Singapore 22nd April 2010
Accounting Firm Competitiveness Cch Singapore 22nd April 2010Robert_Sawhney
 
Thought leadership: winning the battle for attention in B2B technology marketing
Thought leadership: winning the battle for attention in B2B technology marketingThought leadership: winning the battle for attention in B2B technology marketing
Thought leadership: winning the battle for attention in B2B technology marketingDamo Consulting Inc.
 
Intelligence-Driven Innovation & Product Development: an Exercise-Driven, Int...
Intelligence-Driven Innovation & Product Development: an Exercise-Driven, Int...Intelligence-Driven Innovation & Product Development: an Exercise-Driven, Int...
Intelligence-Driven Innovation & Product Development: an Exercise-Driven, Int...Arik Johnson
 
Procurement analytics enabling journey to value zzw03395 usen
Procurement analytics enabling journey to value zzw03395 usenProcurement analytics enabling journey to value zzw03395 usen
Procurement analytics enabling journey to value zzw03395 usenNick Triantafel
 
THE HYPER MEMO
THE HYPER MEMOTHE HYPER MEMO
THE HYPER MEMOsuperpeter
 
Unit 44 Pitching and Negotiation skills Assignment Sample
Unit 44 Pitching and Negotiation skills Assignment SampleUnit 44 Pitching and Negotiation skills Assignment Sample
Unit 44 Pitching and Negotiation skills Assignment SampleTop-notch Research & Consultncy
 
Through The Looking Glass : An executive perspective of UK wealth management ...
Through The Looking Glass : An executive perspective of UK wealth management ...Through The Looking Glass : An executive perspective of UK wealth management ...
Through The Looking Glass : An executive perspective of UK wealth management ...Scorpio Partnership
 
Co-creation of value in partnership with the Customer
Co-creation of value in partnership with the CustomerCo-creation of value in partnership with the Customer
Co-creation of value in partnership with the CustomerAmlesh Ranjan
 
White Paper NPS, Krinal & Buechler 2014
White Paper NPS, Krinal & Buechler 2014White Paper NPS, Krinal & Buechler 2014
White Paper NPS, Krinal & Buechler 2014Michael R. Büchler
 
4C Consulting Company Presentation 2011
4C Consulting  Company Presentation 20114C Consulting  Company Presentation 2011
4C Consulting Company Presentation 2011Pascal Borremans ☁
 
Marketing Management Notes
Marketing Management NotesMarketing Management Notes
Marketing Management NotesDebasis Mohanty
 
Marketing and innovation
Marketing and innovationMarketing and innovation
Marketing and innovationMaster MOI
 
CI Top Trends Deck
CI Top Trends DeckCI Top Trends Deck
CI Top Trends Deckquaero
 
Buyersphere 2013
Buyersphere 2013Buyersphere 2013
Buyersphere 2013Hamlet B2B
 
Customer Engagement Model - Agency assessment
Customer Engagement Model - Agency assessment Customer Engagement Model - Agency assessment
Customer Engagement Model - Agency assessment Irina Hayward
 
Pharmaceutical Best Practices: R&D Strategic Partnerships
Pharmaceutical Best Practices: R&D Strategic PartnershipsPharmaceutical Best Practices: R&D Strategic Partnerships
Pharmaceutical Best Practices: R&D Strategic PartnershipsThomas Macpherson
 

What's hot (19)

Selling to Procurement FINAL MASTER report
Selling to Procurement FINAL MASTER reportSelling to Procurement FINAL MASTER report
Selling to Procurement FINAL MASTER report
 
Sales Co-Creation
Sales Co-CreationSales Co-Creation
Sales Co-Creation
 
Accounting Firm Competitiveness Cch Singapore 22nd April 2010
Accounting Firm Competitiveness Cch Singapore 22nd April 2010Accounting Firm Competitiveness Cch Singapore 22nd April 2010
Accounting Firm Competitiveness Cch Singapore 22nd April 2010
 
Thought leadership: winning the battle for attention in B2B technology marketing
Thought leadership: winning the battle for attention in B2B technology marketingThought leadership: winning the battle for attention in B2B technology marketing
Thought leadership: winning the battle for attention in B2B technology marketing
 
Intelligence-Driven Innovation & Product Development: an Exercise-Driven, Int...
Intelligence-Driven Innovation & Product Development: an Exercise-Driven, Int...Intelligence-Driven Innovation & Product Development: an Exercise-Driven, Int...
Intelligence-Driven Innovation & Product Development: an Exercise-Driven, Int...
 
Procurement analytics enabling journey to value zzw03395 usen
Procurement analytics enabling journey to value zzw03395 usenProcurement analytics enabling journey to value zzw03395 usen
Procurement analytics enabling journey to value zzw03395 usen
 
THE HYPER MEMO
THE HYPER MEMOTHE HYPER MEMO
THE HYPER MEMO
 
Unit 44 Pitching and Negotiation skills Assignment Sample
Unit 44 Pitching and Negotiation skills Assignment SampleUnit 44 Pitching and Negotiation skills Assignment Sample
Unit 44 Pitching and Negotiation skills Assignment Sample
 
Through The Looking Glass : An executive perspective of UK wealth management ...
Through The Looking Glass : An executive perspective of UK wealth management ...Through The Looking Glass : An executive perspective of UK wealth management ...
Through The Looking Glass : An executive perspective of UK wealth management ...
 
Co-creation of value in partnership with the Customer
Co-creation of value in partnership with the CustomerCo-creation of value in partnership with the Customer
Co-creation of value in partnership with the Customer
 
White Paper NPS, Krinal & Buechler 2014
White Paper NPS, Krinal & Buechler 2014White Paper NPS, Krinal & Buechler 2014
White Paper NPS, Krinal & Buechler 2014
 
4C Consulting Company Presentation 2011
4C Consulting  Company Presentation 20114C Consulting  Company Presentation 2011
4C Consulting Company Presentation 2011
 
Marketing Management Notes
Marketing Management NotesMarketing Management Notes
Marketing Management Notes
 
Marketing and innovation
Marketing and innovationMarketing and innovation
Marketing and innovation
 
Lean co creation paper !!!
Lean co creation paper !!!Lean co creation paper !!!
Lean co creation paper !!!
 
CI Top Trends Deck
CI Top Trends DeckCI Top Trends Deck
CI Top Trends Deck
 
Buyersphere 2013
Buyersphere 2013Buyersphere 2013
Buyersphere 2013
 
Customer Engagement Model - Agency assessment
Customer Engagement Model - Agency assessment Customer Engagement Model - Agency assessment
Customer Engagement Model - Agency assessment
 
Pharmaceutical Best Practices: R&D Strategic Partnerships
Pharmaceutical Best Practices: R&D Strategic PartnershipsPharmaceutical Best Practices: R&D Strategic Partnerships
Pharmaceutical Best Practices: R&D Strategic Partnerships
 

Similar to Procurement's Four (Most Desirable) Character Traits

Talent Attraction Report
Talent Attraction ReportTalent Attraction Report
Talent Attraction ReportJon Hansen
 
Technology Venture Assessment - Thomas Triumph
Technology Venture Assessment - Thomas TriumphTechnology Venture Assessment - Thomas Triumph
Technology Venture Assessment - Thomas TriumphThomas Triumph
 
Case Study 1Several large organizations announced recently the
Case Study 1Several large organizations announced recently theCase Study 1Several large organizations announced recently the
Case Study 1Several large organizations announced recently theMaximaSheffield592
 
Sales and Marketing is BROKEN!
Sales and Marketing is BROKEN!Sales and Marketing is BROKEN!
Sales and Marketing is BROKEN!Joe Orlando
 
Right conversation
Right conversationRight conversation
Right conversationDavid Batup
 
Accenture Outlook Journal February 2011
Accenture Outlook Journal February 2011Accenture Outlook Journal February 2011
Accenture Outlook Journal February 2011Darian Pruitt
 
Procurement in 2016—The Supply Chain Goes Digital
Procurement in 2016—The Supply Chain Goes DigitalProcurement in 2016—The Supply Chain Goes Digital
Procurement in 2016—The Supply Chain Goes DigitalDana Gardner
 
B2B Buyer Behavior | 2012
B2B Buyer Behavior | 2012B2B Buyer Behavior | 2012
B2B Buyer Behavior | 2012Steven Reta
 
Pitch Imperfect: A Swystun Communications Paper
Pitch Imperfect: A Swystun Communications PaperPitch Imperfect: A Swystun Communications Paper
Pitch Imperfect: A Swystun Communications PaperSwystun Communications
 
Sse Creating New Market Space Group2
Sse Creating New Market Space Group2Sse Creating New Market Space Group2
Sse Creating New Market Space Group2tingche
 
AMSRS 2011 Highly Commended Paper by Erica van Lieven- The Caterpillar Become...
AMSRS 2011 Highly Commended Paper by Erica van Lieven- The Caterpillar Become...AMSRS 2011 Highly Commended Paper by Erica van Lieven- The Caterpillar Become...
AMSRS 2011 Highly Commended Paper by Erica van Lieven- The Caterpillar Become...DirectionFirst
 
What It Takes to Win Business
What It Takes to Win BusinessWhat It Takes to Win Business
What It Takes to Win BusinessNathan Clark
 
Working Together - Marketing and Legal
Working Together - Marketing and LegalWorking Together - Marketing and Legal
Working Together - Marketing and LegalEndeavor Management
 
Moving Forward with Big Data: The Future of Retail Analytics
Moving Forward with Big Data: The Future of Retail AnalyticsMoving Forward with Big Data: The Future of Retail Analytics
Moving Forward with Big Data: The Future of Retail AnalyticsBill Bishop
 

Similar to Procurement's Four (Most Desirable) Character Traits (20)

Talent Attraction Report
Talent Attraction ReportTalent Attraction Report
Talent Attraction Report
 
Technology Venture Assessment - Thomas Triumph
Technology Venture Assessment - Thomas TriumphTechnology Venture Assessment - Thomas Triumph
Technology Venture Assessment - Thomas Triumph
 
Case Study 1Several large organizations announced recently the
Case Study 1Several large organizations announced recently theCase Study 1Several large organizations announced recently the
Case Study 1Several large organizations announced recently the
 
Sales and Marketing is BROKEN!
Sales and Marketing is BROKEN!Sales and Marketing is BROKEN!
Sales and Marketing is BROKEN!
 
Right conversation
Right conversationRight conversation
Right conversation
 
Behindthe scenesofanalytics
Behindthe scenesofanalyticsBehindthe scenesofanalytics
Behindthe scenesofanalytics
 
Accenture Outlook Journal February 2011
Accenture Outlook Journal February 2011Accenture Outlook Journal February 2011
Accenture Outlook Journal February 2011
 
Procurement in 2016—The Supply Chain Goes Digital
Procurement in 2016—The Supply Chain Goes DigitalProcurement in 2016—The Supply Chain Goes Digital
Procurement in 2016—The Supply Chain Goes Digital
 
B2B Buyer Behavior | 2012
B2B Buyer Behavior | 2012B2B Buyer Behavior | 2012
B2B Buyer Behavior | 2012
 
Pitch Imperfect: A Swystun Communications Paper
Pitch Imperfect: A Swystun Communications PaperPitch Imperfect: A Swystun Communications Paper
Pitch Imperfect: A Swystun Communications Paper
 
Brexit: Managing Uncertainty
Brexit: Managing UncertaintyBrexit: Managing Uncertainty
Brexit: Managing Uncertainty
 
Expense Reduction Analysts
Expense Reduction AnalystsExpense Reduction Analysts
Expense Reduction Analysts
 
Managing Uncertainty
Managing UncertaintyManaging Uncertainty
Managing Uncertainty
 
Sse Creating New Market Space Group2
Sse Creating New Market Space Group2Sse Creating New Market Space Group2
Sse Creating New Market Space Group2
 
Sales leaders challenges
Sales leaders challengesSales leaders challenges
Sales leaders challenges
 
AMSRS 2011 Highly Commended Paper by Erica van Lieven- The Caterpillar Become...
AMSRS 2011 Highly Commended Paper by Erica van Lieven- The Caterpillar Become...AMSRS 2011 Highly Commended Paper by Erica van Lieven- The Caterpillar Become...
AMSRS 2011 Highly Commended Paper by Erica van Lieven- The Caterpillar Become...
 
5 Hidden Factors Driving Complexity
5 Hidden Factors Driving Complexity5 Hidden Factors Driving Complexity
5 Hidden Factors Driving Complexity
 
What It Takes to Win Business
What It Takes to Win BusinessWhat It Takes to Win Business
What It Takes to Win Business
 
Working Together - Marketing and Legal
Working Together - Marketing and LegalWorking Together - Marketing and Legal
Working Together - Marketing and Legal
 
Moving Forward with Big Data: The Future of Retail Analytics
Moving Forward with Big Data: The Future of Retail AnalyticsMoving Forward with Big Data: The Future of Retail Analytics
Moving Forward with Big Data: The Future of Retail Analytics
 

Recently uploaded

Cyber Security Training in Office Environment
Cyber Security Training in Office EnvironmentCyber Security Training in Office Environment
Cyber Security Training in Office Environmentelijahj01012
 
Welding Electrode Making Machine By Deccan Dynamics
Welding Electrode Making Machine By Deccan DynamicsWelding Electrode Making Machine By Deccan Dynamics
Welding Electrode Making Machine By Deccan DynamicsIndiaMART InterMESH Limited
 
1911 Gold Corporate Presentation Apr 2024.pdf
1911 Gold Corporate Presentation Apr 2024.pdf1911 Gold Corporate Presentation Apr 2024.pdf
1911 Gold Corporate Presentation Apr 2024.pdfShaun Heinrichs
 
WSMM Technology February.March Newsletter_vF.pdf
WSMM Technology February.March Newsletter_vF.pdfWSMM Technology February.March Newsletter_vF.pdf
WSMM Technology February.March Newsletter_vF.pdfJamesConcepcion7
 
20200128 Ethical by Design - Whitepaper.pdf
20200128 Ethical by Design - Whitepaper.pdf20200128 Ethical by Design - Whitepaper.pdf
20200128 Ethical by Design - Whitepaper.pdfChris Skinner
 
MEP Plans in Construction of Building and Industrial Projects 2024
MEP Plans in Construction of Building and Industrial Projects 2024MEP Plans in Construction of Building and Industrial Projects 2024
MEP Plans in Construction of Building and Industrial Projects 2024Chandresh Chudasama
 
Guide Complete Set of Residential Architectural Drawings PDF
Guide Complete Set of Residential Architectural Drawings PDFGuide Complete Set of Residential Architectural Drawings PDF
Guide Complete Set of Residential Architectural Drawings PDFChandresh Chudasama
 
trending-flavors-and-ingredients-in-salty-snacks-us-2024_Redacted-V2.pdf
trending-flavors-and-ingredients-in-salty-snacks-us-2024_Redacted-V2.pdftrending-flavors-and-ingredients-in-salty-snacks-us-2024_Redacted-V2.pdf
trending-flavors-and-ingredients-in-salty-snacks-us-2024_Redacted-V2.pdfMintel Group
 
Technical Leaders - Working with the Management Team
Technical Leaders - Working with the Management TeamTechnical Leaders - Working with the Management Team
Technical Leaders - Working with the Management TeamArik Fletcher
 
WSMM Media and Entertainment Feb_March_Final.pdf
WSMM Media and Entertainment Feb_March_Final.pdfWSMM Media and Entertainment Feb_March_Final.pdf
WSMM Media and Entertainment Feb_March_Final.pdfJamesConcepcion7
 
Driving Business Impact for PMs with Jon Harmer
Driving Business Impact for PMs with Jon HarmerDriving Business Impact for PMs with Jon Harmer
Driving Business Impact for PMs with Jon HarmerAggregage
 
Fordham -How effective decision-making is within the IT department - Analysis...
Fordham -How effective decision-making is within the IT department - Analysis...Fordham -How effective decision-making is within the IT department - Analysis...
Fordham -How effective decision-making is within the IT department - Analysis...Peter Ward
 
Excvation Safety for safety officers reference
Excvation Safety for safety officers referenceExcvation Safety for safety officers reference
Excvation Safety for safety officers referencessuser2c065e
 
Customizable Contents Restoration Training
Customizable Contents Restoration TrainingCustomizable Contents Restoration Training
Customizable Contents Restoration TrainingCalvinarnold843
 
The McKinsey 7S Framework: A Holistic Approach to Harmonizing All Parts of th...
The McKinsey 7S Framework: A Holistic Approach to Harmonizing All Parts of th...The McKinsey 7S Framework: A Holistic Approach to Harmonizing All Parts of th...
The McKinsey 7S Framework: A Holistic Approach to Harmonizing All Parts of th...Operational Excellence Consulting
 
NAB Show Exhibitor List 2024 - Exhibitors Data
NAB Show Exhibitor List 2024 - Exhibitors DataNAB Show Exhibitor List 2024 - Exhibitors Data
NAB Show Exhibitor List 2024 - Exhibitors DataExhibitors Data
 
How do I Check My Health Issues in Astrology.pdf
How do I Check My Health Issues in Astrology.pdfHow do I Check My Health Issues in Astrology.pdf
How do I Check My Health Issues in Astrology.pdfshubhamaapkikismat
 
How to Conduct a Service Gap Analysis for Your Business
How to Conduct a Service Gap Analysis for Your BusinessHow to Conduct a Service Gap Analysis for Your Business
How to Conduct a Service Gap Analysis for Your BusinessHelp Desk Migration
 
20220816-EthicsGrade_Scorecard-JP_Morgan_Chase-Q2-63_57.pdf
20220816-EthicsGrade_Scorecard-JP_Morgan_Chase-Q2-63_57.pdf20220816-EthicsGrade_Scorecard-JP_Morgan_Chase-Q2-63_57.pdf
20220816-EthicsGrade_Scorecard-JP_Morgan_Chase-Q2-63_57.pdfChris Skinner
 

Recently uploaded (20)

Cyber Security Training in Office Environment
Cyber Security Training in Office EnvironmentCyber Security Training in Office Environment
Cyber Security Training in Office Environment
 
Welding Electrode Making Machine By Deccan Dynamics
Welding Electrode Making Machine By Deccan DynamicsWelding Electrode Making Machine By Deccan Dynamics
Welding Electrode Making Machine By Deccan Dynamics
 
1911 Gold Corporate Presentation Apr 2024.pdf
1911 Gold Corporate Presentation Apr 2024.pdf1911 Gold Corporate Presentation Apr 2024.pdf
1911 Gold Corporate Presentation Apr 2024.pdf
 
WSMM Technology February.March Newsletter_vF.pdf
WSMM Technology February.March Newsletter_vF.pdfWSMM Technology February.March Newsletter_vF.pdf
WSMM Technology February.March Newsletter_vF.pdf
 
20200128 Ethical by Design - Whitepaper.pdf
20200128 Ethical by Design - Whitepaper.pdf20200128 Ethical by Design - Whitepaper.pdf
20200128 Ethical by Design - Whitepaper.pdf
 
Authentically Social - presented by Corey Perlman
Authentically Social - presented by Corey PerlmanAuthentically Social - presented by Corey Perlman
Authentically Social - presented by Corey Perlman
 
MEP Plans in Construction of Building and Industrial Projects 2024
MEP Plans in Construction of Building and Industrial Projects 2024MEP Plans in Construction of Building and Industrial Projects 2024
MEP Plans in Construction of Building and Industrial Projects 2024
 
Guide Complete Set of Residential Architectural Drawings PDF
Guide Complete Set of Residential Architectural Drawings PDFGuide Complete Set of Residential Architectural Drawings PDF
Guide Complete Set of Residential Architectural Drawings PDF
 
trending-flavors-and-ingredients-in-salty-snacks-us-2024_Redacted-V2.pdf
trending-flavors-and-ingredients-in-salty-snacks-us-2024_Redacted-V2.pdftrending-flavors-and-ingredients-in-salty-snacks-us-2024_Redacted-V2.pdf
trending-flavors-and-ingredients-in-salty-snacks-us-2024_Redacted-V2.pdf
 
Technical Leaders - Working with the Management Team
Technical Leaders - Working with the Management TeamTechnical Leaders - Working with the Management Team
Technical Leaders - Working with the Management Team
 
WSMM Media and Entertainment Feb_March_Final.pdf
WSMM Media and Entertainment Feb_March_Final.pdfWSMM Media and Entertainment Feb_March_Final.pdf
WSMM Media and Entertainment Feb_March_Final.pdf
 
Driving Business Impact for PMs with Jon Harmer
Driving Business Impact for PMs with Jon HarmerDriving Business Impact for PMs with Jon Harmer
Driving Business Impact for PMs with Jon Harmer
 
Fordham -How effective decision-making is within the IT department - Analysis...
Fordham -How effective decision-making is within the IT department - Analysis...Fordham -How effective decision-making is within the IT department - Analysis...
Fordham -How effective decision-making is within the IT department - Analysis...
 
Excvation Safety for safety officers reference
Excvation Safety for safety officers referenceExcvation Safety for safety officers reference
Excvation Safety for safety officers reference
 
Customizable Contents Restoration Training
Customizable Contents Restoration TrainingCustomizable Contents Restoration Training
Customizable Contents Restoration Training
 
The McKinsey 7S Framework: A Holistic Approach to Harmonizing All Parts of th...
The McKinsey 7S Framework: A Holistic Approach to Harmonizing All Parts of th...The McKinsey 7S Framework: A Holistic Approach to Harmonizing All Parts of th...
The McKinsey 7S Framework: A Holistic Approach to Harmonizing All Parts of th...
 
NAB Show Exhibitor List 2024 - Exhibitors Data
NAB Show Exhibitor List 2024 - Exhibitors DataNAB Show Exhibitor List 2024 - Exhibitors Data
NAB Show Exhibitor List 2024 - Exhibitors Data
 
How do I Check My Health Issues in Astrology.pdf
How do I Check My Health Issues in Astrology.pdfHow do I Check My Health Issues in Astrology.pdf
How do I Check My Health Issues in Astrology.pdf
 
How to Conduct a Service Gap Analysis for Your Business
How to Conduct a Service Gap Analysis for Your BusinessHow to Conduct a Service Gap Analysis for Your Business
How to Conduct a Service Gap Analysis for Your Business
 
20220816-EthicsGrade_Scorecard-JP_Morgan_Chase-Q2-63_57.pdf
20220816-EthicsGrade_Scorecard-JP_Morgan_Chase-Q2-63_57.pdf20220816-EthicsGrade_Scorecard-JP_Morgan_Chase-Q2-63_57.pdf
20220816-EthicsGrade_Scorecard-JP_Morgan_Chase-Q2-63_57.pdf
 

Procurement's Four (Most Desirable) Character Traits

  • 1. Procurement’s four character traits Poll Report #1 Research Author: Jon Hansen for Sourcing Solved & Procurement Foundry Press
  • 2. Procurement’s Four Character Traits 2 According to Deloitte‘s 2021 CPO Survey, procurement “isn’t just about cost savings and operational efficiency anymore.” Procurement leaders have had to “change strategies in an instant to adapt to the next normal.” In the recent Sourcing Solved/Procurement Foundry Press LinkedIn Polls, we asked, “Which one of the following character traits is the most important for a procurement professional to possess in this brave new world and why?” Before we delve into the reasons behind the responses, here are the results. Note that the first poll with 1,015 votes was from the general, overall procurement industry populace. In comparison, the 276 votes second poll reflects the opinions of CPOs who follow the CPO ARENA podcast. Procurement’s four character traits Poll Report #1
  • 3. Procurement’s Four Character Traits 3 Procurement Industry General Populace (August 2021) CPO Arena (August 2021) Link to Poll and Comments Link to Poll and Comments
  • 4. Procurement’s Four Character Traits 4 Summary Defining The Character Traits Before we can analyze and understand the results, a quick primer on the meaning of each character trait is in order. In order of poll response priority, here is a breakdown of each trait meaning: Proactivity In its simplest form, proactivity or being proactive is taking the initiative to recognize and solve a problem before action is needed. In short, it is solving a problem before it is a problem. Curiosity Perhaps it is self-explanatory, but we will define it anyway – a strong desire to learn about something. Resiliency The ability to overcome adversity or “spring back into shape.” Creativity The ability to imagine or reimagine an original idea.
  • 5. Procurement’s Four Character Traits 5 Out of the 1,291 votes cast in the poll, “Proactivity” received the greatest number of votes yet was talked about the least. There was a total of 160 comments. Of those, only three referred to proactivity or the importance of being proactive. One person suggested that “Proactivity is a culmination of all the other traits,” while another wondered, “How can you be proactive without being resilient or creative?” A third respondent suggests that while all four traits are interconnected – one feeding off of the other, “The one which may drive the most efficient result remains for me to be proactive.” Proactivity and the Silent Majority? Our take To start, we don’t think that there is a right or wrong answer to this poll. That said, it goes without saying – especially in the post-pandemic world, that those who take the initiative and take action to address the new challenges we are facing both individually and collectively will rise to the top and stand out in a dramatically shifting talent marketplace. The fact that it was listed as the number 1 desirable trait would also suggest that professionals demonstrating a higher propensity to take charge are likely to command the greatest interest and potentially a higher remuneration. What does it all mean?
  • 6. Procurement’s Four Character Traits 6 Curiosity’s Cat Is Alive and Well Out of the 1,291 votes cast in the poll, “Curiosity” received the second-highest vote count from both the general procurement populace and CPOs – although the latter expressed a notable favor over the former. One of the more interesting comments was that curiosity was closely aligned with “pushing boundaries” and “thinking differently.” In other words, as one respondent put it, “curiosity is probably the best skill to have to navigate the big transformations ahead!” So, what does curiosity look like - what form does it take? How is it reflected or manifested in the real world? According to another person who took the poll, procurement professionals must not only expand their vision in familiar areas such as “new products, items, categories, sourcing,” and “all the tech stuff.” It also has to expand to include a new way of seeing “data science, marketing, and accounting,” all of which “will help us get the big picture and make the best decisions.” In short, “genuine curiosity is the fuel that keeps the engine running.” Interestingly enough, expanding or extending your curiosity to new areas aligns with the recent findings of the Deloitte Global 2021 Chief Procurement Officer Survey. The survey starts by reporting that procurement “isn’t just about cost savings and operational efficiency anymore.” It then states that CPOs must focus on everything from “innovation, digital transformation, introducing new products and services.” In addition to these, it also refers to “other factors” such as “climate change, geopolitical stability, increasing societal expectations, and world health” citing them as being “a strategic priority for organizations.” Our take There is no doubt that procurement is undergoing a tremendous period of transformation and that curiosity is a big part of dealing with said changes. The real question is whether or not the procurement professional in general is up to the same level of speed as their CPOs regarding the direction of their focus. Over the past few years, when polled, most CPOs expressed the belief that their current teams lack the required skill sets to achieve their strategic objectives. The question we have is whether the issue is due to the lack of skills or the absence of curiosity in reaching beyond the familiar cost savings model. The 6 percent gap between how CPOs value curiosity versus the general procurement populace may not seem like much. However, given where the industry is heading, it could become a significant factor if the gap widens instead of closes.
  • 7. Procurement’s Four Character Traits 7 Creative Balance While the priority of their rankings differed – the general procurement populace ranked creativity as the least in-demand trait of the four. In contrast, CPOs ranked it third. With both groups creativity garnering an equal 18 percent vote. Interestingly, creativity and curiosity seemed to go hand in hand, at least with some of those responding to the poll. As one professional put it, while “proactivity and resiliency are a given for today’s procurement professional,” to “take things to the next level, they need a combination of creativity and curiosity to deliver along the entire value chain.” As was the case with the other “soft skills,” there seemed to be a consensus that companies were not doing enough to foster or develop and reward those who demonstrate creativity in their day-to-day work. Our take If we were to look at this objectively, instead of asking what companies can do to encourage creativity, we would look inward at what we can and should do as procurement professionals. As one respondent so aptly put it, “changing or pushing oneself out of comfort zones fosters creativity.” By suggesting that “creativity can be unleashed by allowing people to truly think out of the box,” it would appear that any lack of creativity in procurement has more to do with self- censorship than it does organizational support. In other words, people have to learn to speak up during brainstorming sessions and speak their minds. In this context, creativity is as much an act of will as it is a talent or skill.
  • 8. Procurement’s Four Character Traits 8 Mass Resiliency There is no surprise that resiliency was valued more by the general procurement populace than it was by CPOs – 20 percent of the vote for the former while 16 percent for the latter. This difference suggests that many procurement professionals value resiliency more than management because of the changes that are rippling down through to the front lines. In addition to being asked to do more of their traditional functions with less, there is a greater demand for procurement professionals to expand the scope of responsibilities into new areas. Refer to the previously referenced Deloitte survey. As one writer put it, “resilience would be my top pick” because it will “enable a proactive approach to overcome the unexpected.” In this regard, resilience is the “new innovative soft skill that we have to develop to excel, in this constantly evolving environment we work in nowadays.” Our Take In today’s post-pandemic world, in which both our working and personal lives have been turned upside-down, resiliency would seem to be an invaluable trait. At least this was the case when one respondent expressed surprise that resilience was not the top trait. According to this, individual procurement “plays a very nuanced, often difficult balancing role among stakeholder groups and supply markets.” Referring to what they called “small challenges and puzzles to solve at each step of the process,” resilience is critical to navigating the “nos, what-abouts, and stops-and-gos which those we serve introduce to each project.” In this context, perhaps resilience is as much about patience as it is any of the other traits listed in our poll.
  • 9. In the end, polls such as this one, while subjective, are invaluable in that they stimulate broader discussion from which we can all learn from each other and ultimately discover the all-important common ground that strengthens our collective profession. We would be the first to agree that these four traits, while important, are not the only traits to consider. That said, they appear to be both individually and collectively the most notable. How they can be developed and leveraged to meet both the current and emerging demands of a profession and industry in transition will ultimately reflect their true value in the weeks, months and even years ahead. Conclusion Thank you to all the people who read, voted and commented on our recent poll. We invite you to participate similarly with our next poll on the use of blockchain in procurement. Procurement’s Four Character Traits 9
  • 10. The World’s Leading Sourcing Community Procurement Foundry is a private community where indirect procurement and supply chain management professionals come to gather, learn, share and grow. The Evolution of Procurement Talent Assessment, Acquisition and Development Securing Top Procurement Talent in the Digital Age Poll sponsors: Jon Hansen Chief Editor of the Procurement Insights blog As the Founder and Chief Editor of the Procurement Insights blog, Jon Hansen has gained an international reputation for delivering unique and meaningful insights into the procurement world and business in general through a variety of mediums including radio and television. A sought after speaker, writer, and moderator; he is a two-time Ottawa Finalist for the Ernst & Young Entrepreneur of the Year Award for having built and ultimately selling his software company for $12 million. With 40 years of high-tech industry experience and almost as long in procurement, Jon’s recognition as one of the Top 50 Procurement Influencers globally reflects the value that he brings to our industry.