Procurement 'in the spotlight like never before'

6 October 2011

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6 October 2011 | Angeline Albert

“Procurement is in the premiership” CIPS CEO David Noble told attendees at the CIPS Conference in London’s Kings Place today.

In his welcome speech to conference delegates, Noble said it had become much easier for procurement to talk to business leaders and for them to listen in light of the function’s growing influence and global risks.

He said: “I believe strongly we are in the spotlight like never before. The areas of risk and of the environment have all become very topical. There’s no difficulty now of going to see senior government ministers to talk about this profession.”

However he went on to say: “We need more star players” in the procurement team, with more interest in the profession needed to be generated to attract the younger generation.

Noble said interest in PMIs was one indication of just how procurement was influencing mainstream debate.

He said the recent manufacturing PMI drove a “huge and significant shift” in the FX exchange.

A huge jump in the pound when compared to the dollar occurred because the manufacturing PMI was much better than expected.    

He said: “In tracking the accuracy of PMIs to the GDP data there’s a very, very close collaboration.”

He went on to say no other institute in the world was growing in the way CIPS is and promised more conferences would be launched to get the message out about the profession.

For more details see the live blog from the conference on 6 October.

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