What strategies and steps can organizations pursue to combat the SCM talent shortage?

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What strategies and steps can organizations pursue to combat the SCM talent shortage?

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What strategies and steps can organizations pursue to combat the SCM talent shortage?

Answer & Explanation (1)

Explanation
Organizations are facing the issues of talent availability in the supply chain department. This talent shortage impacts the supply chain activities of these organizations negatively. The shortage of talent can be managed in the following ways:

The need for long-term talent management and acquisition strategy is the need of an hour for the organizations which promise a commitment to investment.
Proper acquisition of the talent, their development, and advancement strategies can help combat the shortage problem by maximizing the future capabilities of the company's supply chain. It will help foster the individuals for better leadership roles.
The future staffing needs of an organization can be satisfied by hiring properly skilled and culturally aligned talent.
Supplementation of the internal staff can be done by pooling fresh talent into the organization. Infusion of fresh blood in the organization brings new perspectives and new industry sights.
A company should establish specific programs, such as continuous training, orientation sessions, and individual coaching, in order to attract and retain talent. It will assist new employees in gaining an understanding of the work environment and organizational policies.
Verified Answer
To combat this shortage, the organization can take the following steps to ensure optimum talent availability:

Long-term talent management and acquisition strategy
Proper acquisition of the talent, their development, and advancement strategies.
Hiring properly skilled and culturally aligned talent
Pooling fresh talent into the organization
Continuous training, orientation sessions, and individual coaching

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