What is Procurement?

What is procurement and supply management?

What is it?

Procurement and supply management involves buying the goods and services that enable an organisation to operate in a profitable and ethical manner.

What's involved?

Responsibilities vary from sourcing raw materials and services to managing contracts and relationships with suppliers.

Why does it matter?

Procurement is often responsible for up to 70% of companies' revenue, so small reductions in costs can have a huge impact on profits.

A career in procurement is:

Rewarding

Rewarding

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

Challenging

Challenging

You need to demonstrate a variety of skills, including good business sense, financial management, and a flair for communication and negotiation.

Recognised

Recognised

Top buyers are in huge demand around the world and can achieve extremely high positions within companies.

Strategic

Strategic

Procurement is aimed at managing the supplier base and maintaining long term relationships with suppliers.

Interested in a career in procurement?

What is the Chartered Institute of Procurement & Supply (CIPS)?

Leading global excellence...

Leading global excellence...

CIPS is the world’s largest organisation dedicated to the procurement and supply profession. MCIPS is the recognised global standard for procurement.

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We are the Voice...

We are the Voice...

of the procurement and supply profession, with a global community of over 200,000 people in over 150 countries.

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We set the Standard...

We set the Standard...

Our Global Standard in Procurement and Supply is the benchmark for skills and competencies in the profession.

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We are the Awarding Body...

We are the Awarding Body...

Regulated by Ofqual in England and other regulators globally for procurement and supply management qualifications.

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Find out how CIPS can help you:

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