Benchmarking

With the global supply chain sector facing the worst talent shortage in memory, organizations from all industries are struggling to find solutions. Not surprisingly, the most profitable global companies are ahead of the pack.

They understand that a best practice talent management strategy is essential to their success, and they don’t hesitate to innovate in their talent management practices. The bottom line: Leading companies put the systems in place to attract, retain and develop the best supply chain talent in the business. What does ‘great’ look like when it comes to a talent management strategy and program? The answer is complex, but here’s a look at four best practices against which any company can benchmark.

We outline these four must-have talent strategies:

• Be an employer of choice
  
• Implement cross training and job rotation programs
• Formalize knowledge transfer
• Create a robust learning platform