The Future of Procurement: 2020: The rise of Service Providers and the Evolution of In-house Procurement

What will be needed in 2020 are people who can take information and proactively develop strategies that advance an organization's priorities. The skills most needed will be those that directly drive profitability, such as:

• Financial assessment
  
• Relationship building
  
• Team management
  
• Ability to drive internal and external collaboration
  

Those who excel at sourcing processes, or at being power users of procurement systems, but who lack the above described skill set may find themselves working for a third party service provider in 2020, or not working at all.