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A topic touched on by all our guest speakers at the World Procurement Congress was the education of procurement professionals and what skills they will need to become the leaders of the future.
There are many different routes into procurement, but to fill the CPO’s shoes a new range of business skills are needed.
It was interesting to listen to AstraZeneca CPO, Ashley Readshaw’s presentation on "Developing CPOs of the future". Readshaw himself explained that he hadn’t worked in procurement before taking the reins at AstraZeneca two years ago.
He suggested that future CPOs will be people who:
In order to acquire these capabilities and thrive in procurement, which he sees as tending increasingly towards collaboration with non-strategic spend being outsourced, future CPOs will need to be:
One result of developing this diverse range of capabilities is that junior procurement professionals will be able to undertake senior roles outside of the procurement function, just as people whose careers have been developed outside the procurement function make effective CPOs.