Even before COVID-19, there was high growth and adoption in education technology, with global edtech investments reaching US$18.66 billion in 2019 and the overall market for online education projected to reach $350 Billion by 2025. There has been a significant surge in the use of language apps, virtual tutoring, video conferencing tools, and online learning software over the last year. Procurement teams working lives have been radically changed, working from home is the new normal but what about procurement training from home?
When the majority of your team are in an office environment so much learning is achieved organically; overhearing someone discussing a new supplier, grabbing a coffee and chatting through an issue with an experienced member of the team. Knowledge is exchanged without us even realising, without the office environment how do you ensure your procurement team remain cohesive and driven by the overall business strategies and goals? How do you onboard new hires and bring them up to speed swiftly? Hopefully as lockdown gradually lifts over the coming months offices will once again open, but many feel the shape of business will change forever with remote working a more viable option.
Imagine having a syllabus of online procurement training available 24×7 for your team to access covering Category Management, Strategic Sourcing, Supplier Management, Negotiation all relevant topics at the click of a button. New hires can quickly be brought up to speed, teams can complete specific topics within a set time frame and then discuss and use within the “real-life” situation quickly achieving results. Topics can be covered ahead of Stakeholder meetings, significant negotiations, or preparing a sourcing strategy proposal for senior executives.
Further value from online training is the elimination of travel and accommodation costs which can be as much as 50% reduction to the traditional classroom training and CO2 emissions per student are reduced by as much as 85%.
Whenever we are all “back to normal” and let’s hope that is very soon, the ease, immediacy and value of online learning will continue to shape personal development moving forward. If you would like to learn more about receiving immediate value for your team via online procurement training contact us to discuss your specific requirements.