In 2015, Procurious members started over 400 discussions, and provided an amazing 2000+ answers for these burning questions.
These discussions covered a vast range of topics, from Key Performance Indicators (KPIs) and professional qualifications, to eSourcing and if there is a typical Myers Briggs profile for procurement professionals. We’ve picked out the most popular Discussions of 2015 to have another look at, and perhaps inspire you to start your own.
KPIs for Procurement Function
We frequently talk about the concept of KPIs or metrics, both for procurement to measure, and for procurement to be measured by. There were a few discussions started on the subject of procurement KPIs, but one in particular that generated some interesting debate.
The Discussion asked for the community’s thoughts on the top KPIs that could be used for measuring procurement performance. While the KPIs and metrics mentioned by the respondents didn’t throw up too many surprises, what was surprising was what the most common answer was.
In fifteen of the responses a savings KPI was mentioned as one of the key metrics. At a time where procurement departments are looking to move away from savings targets, it is surprising that such a high percentage of professionals would highlight it as a key KPI.
A number of respondents highlighted value as a key KPI, however it was much lower than savings, and also lower than total spend managed. Even within the small sample, it’s clear that the traditional mindsets of procurement professionals still have to be changed.
Other key KPIs highlighted were:
- Percentage of on time delivery
- Total Spend
- Customer satisfaction
- Stock Turnover
- Supplier Consolidation
- Supply Chain Security & Risk
- Cost Avoidance
- Customer of Choice
- Procurement Engagement
Within the other discussions on the site, it was recommended that there be a limit on the number of KPIs in use, with 6 being a good number that could be effectively used and reported on. As well as this, the KPIs needed to be meaningful to both parties in order to be successful.
How Did You Get Your Start in Procurement?
One of the more popular discussion from earlier in 2015 concerned how members of the Procurious community had come to be part of the procurement profession.
Traditionally, many professionals have ‘fallen’ into procurement, and only recently has the trend shifted towards graduates actually setting out to have a career in procurement. Within the community, there were certainly a few who ended up in procurement by ‘accident’ or ‘fell’ into the profession, but also many who had been moved into procurement by their organisations.
It was interesting to see that a number (including one of Procurious’ own!) moved into procurement to escape another profession. As well as this, there were professionals who had either made a conscious choice at the outset of their career, or chosen to move following exposure to procurement activities.
There were also a number of success stories from people who ended up in procurement despite this not being their qualification and then succeeding in adding value or creating savings for their organisations.
It just goes to show that there are a number of ways into the profession, but the vast majority of professionals stick with it once they are there!
Is there a ‘typical’ Myers-Briggs profile for procurement pros?
People’s interest was certainly piqued by this question, and it was one of the most answered discussions of the year. As it stands, there is no one profile that is most common for procurement professionals, although there are some trends that have emerged.
A full breakdown of the responses shows:
- ENTP – 10
- ENTJ – 6
- INTJ – 6
- INFP – 3
- ISTP – 2
- ENFP – 2
- INFJ – 2
- INTP – 1
- ISFJ – 1
- ENFJ – 1
- ESTJ – 1
- ISTJ – 1
The most common trait across the network was for N (Intuiting), which appeared in 30 of the profiles. In theory, this meant that we have a group of professionals who are good at spotting patterns and plan well for the future, who also like to acquire new skills.
Whether this is what you perceive procurement professionals as or not, the concept certainly provided some very different viewpoints. One other idea that was mooted as part of the question was whether our profiles change over time, and if we have the profiles we do because we are in procurement, or the other way around?
Other Popular Discussions
There were other great, popular discussions on the topics of vendor management best practice, definitions or first thoughts on hearing the word eSourcing, whether or not professional accreditation and courses were worthwhile in procurement and responsibility in organisations for the drafting and issuing of a specification or brief.
You can also catch up with our Discussion Wraps from 2015 on the Procurious blog by following one of the links below:
And don’t forget, you can always start your own discussion on any topic you can think of from procurement and supply chain. Let’s keep the Discussion forum just as busy in 2016 and continue sharing the knowledge!