80% of many Procurement teams will be either Millennial or Generation Z by 2025

The existing competency gap is at risk of widening. A diminishing group of experienced professionals may fail to pass on skills and knowledge to early-career colleagues, due to their high work burden. The new dynamic has implications for CPOs in terms of how they develop their teams to deliver greater value to the organization.

Past:

• Expert Procurement professionals are considered “too experienced” for training
• Many Procurement professionals are “too busy to learn”
• 70:20:10 is a “training” formula. Training commitment is monitored through Learning Management Systems

Future:

• 70:20:10 will be a workplace model for everyone. Learning is perpetual, not allocated to “training time”
• The 70, the 20 and the 10 are integrated through:
• Self directed formal learning (10%)
• Planned and work specific informal learning through discussion and sharing (20%)
• Evidenced application of learning with line manager support (70%)

Conclusion

Those organizations that make a commitment to learning are attractive to professionals that drive the most positive change.

Self-directed learning sticks. Procurement professionals need a wider range of options to choose from.

eLearning is 50% faster and 40% cheaper than classroom formal learning modes. Pfizer, Micron and adidas are a few of the organizations that have benefited from ADR’s eLearning.