Too few buyers in boardroom

20 October 2009

21 October 2009 | Allie Anderson

Purchasing is not "adequately represented" at board level, a study by Hays Procurement has concluded.

Of the 106 buyers surveyed by the recruitment firm to assess the level of representation, 64 per cent said their department was without personnel in the boardroom.

Of those organisations that do have a purchasing director on the board, 25 per cent have had representation at that level for 10 years or more.

Almost two thirds said their organisation had no plans to include a procurement representative on the board in the near future.

Some 61 per cent agreed the economic downturn has created a more positive perception of procurement, with it viewed as key to driving down costs. However, only 40 per cent think purchasing is well understood as a function.

Pat Law, managing director of Hays Procurement, said: "The procurement community should strive for further recognition and the ability to play a more strategic role in decisions affecting their organisation. The internal credibility this generates will certainly assist with the desire for procurement to gain board representation."

SMoct2009

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