Buyers not ready for increased demands, says survey

11 January 2008
More news

11 January 2008 | Paul Snell

Procurement functions are not sufficiently integrated with other departments to cope with the demands expected of them in the next five years, according to research.

A survey of 70 CEOs of leading German firms revealed that while they will expect much more from their purchasing teams in the future, only three out of 10 believe procurement works closely enough with other functions.

Sven Marlinghaus, partner at supply chain consultancy BrainNet who led the research, said in a statement: "The pressure to evolve is enormous, but procurement departments lack the resources they need to cope successfully with this change."

He added that while bosses expected procurement to become more involved in product development, purchasers currently only take part in the R&D process in one in four firms.

The study also said that procurement chiefs lack the tools and processes to adequately explain the performance and contribution of the purchasing department to the CEO.



SMjan2008

LATEST
JOBS
Hounslow, Heathrow /Richmond upon Thames
Competitive salary depending on experience plus generous share award
Tails.com
Surrey
GBP50000 - GBP55000 per annum + Benefits
Bramwith Consulting
SEARCH JOBS
CIPS Knowledge
Find out more with CIPS Knowledge:
  • best practice insights
  • guidance
  • tools and templates
GO TO CIPS KNOWLEDGE