Buyers suffer from lack of time

21 July 2009

22 July 2009 | Jake Kanter

More than half of buyers complain there are not enough hours in the day to get their jobs done, according to a survey by technology firm Rosslyn Analytics.

Out of 70 purchasers and 30 finance staff questioned, 57 per cent of buyers cited a lack of time to complete work as their top frustration.

It was closely followed by tight deadlines, as well as a lack of resources and training.

Charles Clark, chief executive of Rosslyn Analytics, said purchasing is high on the agenda of CEOs and buyers' duties have increased "10 fold" in the past two years.

"Chief executives must re-tool and re-train procurement if it is going to turn into a full service function."

Some 61 per cent of the respondents said identifying cost savings was their biggest priority this year, while the top focus for 13 per cent was managing supplier risk.

The findings echo those in this year's CIPS salary survey, which found the number of buyers clocking up between 51 and 60 hours a week had almost tripled in the past year (News Focus, 30 April).

SMjul2009

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