STATE OF FLUX
2014 GLOBAL SRM RESEARCH REPORT
PEOPLE & SKILLS 123
HIGHLIGHTS
only 39 percent of companies are investing in SRM training. 8 in 10 leaders recognise and define the SRM role. 62 percent of companies have defined an SRM skill-set. <1/3 of companies have completed competency assessments. Communication is regarded asanessential SRMskill by 84%of companies. 40 percent of companies have provided negotiation training, compared to 19% of companies that have provided training in strategic thinking. only 50 percent of companies are planning SRM training in the next 12 months.
SRM essentials
ö ö Give serious consideration to the relative merits of a dedicated role versus a combined role. ö ö Manage performance with goals and objectives that drive both delivery and appropriate behaviours. ö ö Ensure execution through cross- functional teams becomes the norm.
ö ö Define and position the SRM role to attract and retain the best talent. ö ö Create a specific skills / competencies inventory and conduct capability assessments. ö ö Train for both technical and behavioural skills.
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