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Procurement Capability & Competency

Procurement Capability refers to an organization’s ability to efficiently and strategically manage sourcing, purchasing, and supplier relationships, while procurement competency reflects the skills, people proficiency that ensure cost-effectiveness, compliance, and value creation. Procurement Capability represents the Organizational Enablers like infrastructure, tools, Policies, systems, and organizational readiness that support high-performing procurement. Procurement Competency reflects the knowledge, behaviors, and Individual skillsets of procurement professionals and their Execution, Judgement, Expertise that convert capability into tangible results. A world-class procurement function requires strong capabilities backed by well-developed competencies to drive operational excellence and strategic value. Together, they enable resilient, value-driven, performance-focused, agile, and future-ready procurement function, aligned with business goals and global best practices. Let us now discuss in this Episode of EssAnnPee Knowledge Series, more details & Key Dimensions of Procurement Capability & Competency. SN Panigrahi