Importance of Procurement

Why Procurement?

Control spend

Organisations can spend more than two thirds of revenue on procurement, so even small cost reductions can have a big impact.

Prevent corruption

Corruption adds up to 25% of the cost of procurement contracts in developing countries, and can add up to 10% of business costs globally.

Protect your brand

Accountability for inadequate or exposed supply chains now goes right to the top, with the company’s reputation on the line.

How CIPS can help promote and improve procurement in your organisation:

Develop your people

Develop your people

We can help you to build efficient, capable teams to deliver value from your supplier base.

find out more
Improve performance

Improve performance

CIPS can evaluate and accelerate the performance of your procurement and supply function.

Find out more
Source responsibly

Source responsibly

Guard against reputational damage by stamping out slavery and corruption, and embeding ethical practices.

Find out more
Recruit the best

Recruit the best

Work with CIPS to bring fresh talent into the business.

Find out more
Page Loading
Page Loading
Page Loading
Page Loading

Searching...

This may take up to 30 seconds