The competency framework enhances organisational and individual performance and offers a benchmark for all levels in the profession and all sectors, according to CIPS.
Based on research with about 5000 procurement and supply professionals, the interactive tool allows users to find details of the knowledge and capability levels required at each level of competency from tactical to advanced professional.
Minister in the Welsh Assembly Jane Hutt said: “In Wales we have been developing a competency framework to help public purchasers to identify the skills they need to do their jobs better and the ones they need for future roles.
“The introduction of the CIPS global standard is therefore very timely and enables us to link much of our work to standards set internationally by the professional body for procurement staff.”
The standard can help business and organisations of all types produce a detailed analysis of what needs to be included in their procurement plan and, by benchmarking their procurement professionals against the competencies, identify any skills gaps.
In terms of personal performance, the standard can help professionals identify the level they’re operating at and list the skills and abilities needed to progress.