08 October 2008 | Paul Snell
The need to raise the profile of the profession is the biggest concern facing buyers around the world, according to a study.
The results of a survey of 2,000 CIPS members across the globe, published at yesterday's CIPS Premier Conference in London, revealed 39.5 per cent believe raising the profile of the profession will be their next big challenge. Sustainable procurement was the biggest future challenge for 15.4 per cent, and 15.3 per cent cited increasing the number of skilled buyers.
"Recognition of the bottom-line benefits of better procurement is growing, but these results show too many organisations still withhold large parts of their external spend from procurement professionals," said CIPS CEO Simon Sperryn.
"Survival through the current downturn will depend on protecting margins, so wise CEOs are investing in better procurement."
More than half of buyers believed purchasing is well regarded in their business, but 26.9 per cent thought the opposite. Buyers believed the biggest prejudice they currently face is that the function is still seen as operational.
Purchasers also told the survey that improving business efficiency was the primary benefit of having a procurement team in the company.