Etihad has been a longstanding advocate for professional standards in procurement and is engaged in partnership with CIPS to provide a programme of ongoing capability development for its procurement team.
CIPS has called for procurement professionals to earn a professionally recognised licence to practise, in a manner akin to the licencing of the accountancy profession. The licence is seen as fundamental to the stability of the global economy as multinational companies are increasingly exposed to international risks which can cause seismic shocks to their earnings, reputation and share prices when a supply malfunction occurs. The licence would help to ensure senior procurement and supply chain managers possess the requisite skills and qualifications to properly manage the procurement function.
Other organisations to pledge support for the creation of professional licence include the United Nations Development Programme (UNDP).