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Importance of Procurement

Why Procurement?

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

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

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

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

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

Guard against reputational damage with CIPS.

Work with CIPS to reduce risk in your organisation by ensuring your procurement practices are sustainable.