Importance of Procurement - The Chartered Institute of Procurement and Supply

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.

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Improve performance

Improve performance

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

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Ethical

Ethical

Guard against reputational damage with CIPS.

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Sustainable

Sustainable

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

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