Referring to the first article, what are your thoughts about skill sets needed for the future and, if you did a gap analysis on your skills, where do you see greatest need for personal improvement?

Submit a brief one page (3-4 paragraphs), single-spaced word file with your name in the header. No Cover page.

Read the following three readings in your course pack:

APQC Report: Companies’ Procurement Skills…, pgs. 123-126
Taming Tail Spend, pgs. 129-135 by Boston Consulting Group (BCG)
Development of Supply Strategies, pgs. 137-142 (only)
Top 5 Spend Analytics Measures, pgs. 155-156
Discuss:

1.) Referring to the first article, what are your thoughts about skill sets needed for the future and, if you did a gap analysis on your skills, where do you see greatest need for personal improvement?

Referring to next three articles:

2.) What is tail spend, why is it important to manage, and what are ways to manage tail spend?

3.) Describe ABC Analysis. In ABC Analysis, what would be your tail spend within the context of ABC Analysis?

4.) Describe one of the top 5 spend metrics tracked by procurement organizations today.

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