Procurement - moved from the backroom to the boardroom
Procurement has evolved from simple purchasing to a dynamic profession. It is a critical success factor in many of the key issues facing organisations.
- It involves managing complex supply chains and strategic sourcing
- It evaluates the Total Cost of Ownership not just the cheapest price
- It encompasses risk management, process improvement and stakeholder management
The old fashioned buyer has been replaced by a driven professional that makes a real difference to the success of a business and is a valued member of the senior management team.
The best procurement professionals are both details people and big picture thinkers.
From entry level positions to senior management, procurement salaries are well above the national average*. Why? Because the value that procurement people deliver is measureable and visible.
Increasingly, CEOs and CFOs are recognising the role that procurement plays, so people working in procurement and supply chain management are going onto very senior strategic and executive roles.
What does CIPS do for procurement?The Chartered Institute of Purchasing and Supply (CIPS) is the peak international professional body for people in procurement and supply chain management.
The Institute helps procurement professionals to be the best they can be, connecting them with one another and promoting the highest professional standards.
CIPS qualifications are the highest recognised global standard of excellence in procurement.
*Jigsaw Search, 2009
