One of the greatest assets of an organisation is its intellectual capital. Identifying the processes, relationships and management of that capital is a vital business differentiator.
The investment in developing intellectual capital in procurement is a serious consideration, as is the creation of knowledge management systems. The link between Procurement and Human Relations specialists is an essential ingredient of success.
Attendance on isolated learning events is inefficient and unlikely to deliver tangible benefits to either the individual or the organisation. This data set of Procurisk® will probe the practice, intent and achievements of the organisation in regard to procurement intellectual capital.
The frustration of dissatisfied staff can culminate in them resigning, thereby leaving knowledge gaps in the organisation. The corporate benefits that will accrue include a procurement operation that is staffed by people who are at the cutting edge of knowledge and application.