Hiring within Finance Supply Chain in the Fast 15 point plan

Hiring within Finance Supply Chain in the Fast-Moving Consumer Goods (FMCG) industry can come with several challenges. Here are some common ones that we have helped clients overcome. 

 

Here are some additional challenges in hiring for Finance Supply Chain roles in FMCG, along with how Tri Talent Resourcing could potentially help: It’s a 15-point plan. 

 

Addressing these challenges requires a well-defined hiring strategy, partnering with Tri Talent Resourcing industry networks, and conducting thorough interviews and assessments to identify candidates with the right combination of skills, experience, and cultural fit for finance supply chain roles in FMCG & beyond. 

 

1. Specialised Skill Set: Finding candidates with a strong background in both finance and supply chain can be challenging. This hybrid skill set requires individuals who understand financial analysis and reporting as well as supply chain operations, demand planning, logistics, and inventory management. 

 

2. Competition for Talent: The FMCG industry is highly competitive, and top talent with expertise in finance and supply chain is in high demand. Competing with other companies for qualified candidates can be a challenge, especially for niche roles. This has been the case post Covid. 

 

3. Industry Knowledge: FMCG has unique dynamics, such as short product life cycles, high-volume production, and complex distribution networks. Finding candidates who possess a deep understanding of the FMCG industry, its challenges, and best practices in finance supply chain can be difficult. 

 

4. Analytical and Technological Skills: Effective finance supply chain professionals need to be adept at using advanced analytical tools, data management systems, and enterprise resource planning (ERP) software. Finding candidates with strong analytical skills and technological proficiency can be a challenge. Be open on Qualification background ACA/ACCA/CIMA/MBA. 

 

5. Cultural Fit and Collaboration: FMCG organisations often have a fast-paced, dynamic, and collaborative work environment. Hiring candidates who not only possess the required skills but also align with the company culture and can work effectively with cross-functional teams can be a challenge. 

 

6. Demand Planning Expertise: Demand planning is critical in FMCG, and hiring professionals who can accurately forecast demand, manage inventory levels, and optimize supply chain efficiency is a challenge. Strong demand planning skills are essential to prevent stockouts or excess inventory. 

 

7. Global Supply Chain Considerations: Many FMCG companies operate on a global scale, which introduces complexities in managing cross-border transactions, compliance with international regulations, and optimizing global supply chain networks. Finding candidates with experience in global supply chain management can be challenging. 

 

8. Continuous Learning and Adaptability: The FMCG industry is rapidly evolving, with changing consumer preferences, market trends, and technological advancements. Hiring professionals who possess a growth mindset, adaptability to change, and a willingness to continuously learn and upgrade their skills can be a challenge. 

 

9. Talent Pipeline Development: Building a robust talent pipeline of finance supply chain professionals can be challenging. Tri Talent Resourcing could leverage their industry knowledge and network to proactively identify and engage with potential candidates, ensuring a continuous pool of qualified talent. 

 

10. Diversity and Inclusion: Promoting diversity and inclusion within the finance supply chain function can be a challenge. Tri Talent Resourcing could have expertise in diversity recruitment strategies and help source candidates from a diverse range of backgrounds, contributing to a more inclusive workforce. 

 

11. Salary and Compensation Benchmarking: Determining competitive salary and compensation packages in the FMCG industry can be complex. Tri Talent Resourcing could provide insights and guidance on market trends, salary benchmarking, and compensation structures to ensure competitive offers that attract top finance supply chain talent. 

 

12. Succession Planning and Leadership Development: Identifying and nurturing future leaders within the finance supply chain function is crucial. Tri Talent Resourcing could assist in succession planning efforts, identifying high-potential individuals, and recommending leadership development programs or talent management strategies to foster their growth. 

 

13. Retention and Employee Engagement: Retaining top talent in the highly competitive FMCG industry is a challenge. Tri Talent Resourcing could support employee engagement initiatives by conducting satisfaction surveys, implementing retention strategies, and providing recommendations for creating a positive work environment. 

 

14. Market Insights and Trends: Staying up to date with the latest market insights, industry trends, and best practices in finance supply chain can be demanding. Tri Talent Resourcing could provide valuable market intelligence, sharing industry trends, talent availability, and emerging skills required within the FMCG finance supply chain domain. 

 

15. Streamlining Hiring Processes: Managing the end-to-end recruitment process, including sourcing, screening, interviewing, and onboarding, can be time-consuming. Tri Talent Resourcing could streamline the hiring process, utilizing their expertise and resources to handle various recruitment tasks efficiently, saving time and effort for the hiring organisation. 

 

We offer expertise in FMCG finance supply chain recruitment, access to a wider talent pool, knowledge of industry-specific requirements, and dedicated resources to manage the hiring process effectively, for all your hiring needs please get in touch.