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Ramesh Ranjan posted an update in the group
3 months agoTalent Supply Chain Management Talent Supply Chain Management is a strategic approach that applies the principles of supply chain management to the acquisition, development, and retention of talent within an organization. Just as manufacturing supply chains ensure the efficient flow of materials to meet demand, Talent Supply Chain Management ensures that organizations have the right talent at the right time to achieve business objectives. It encompasses workforce planning, sourcing talent (whether building internally or buying externally), optimizing the mix of skills and experiences, and continuously reviewing talent needs.
By leveraging data, lean management principles, and strategic forecasting, this approach minimizes talent shortages, reduces labor costs, and builds a robust leadership pipeline, ultimately driving business success.