Buyers are increasingly sought after due to a rising demand for procurement professionals and a lack of new talent coming through, an event was told.
David Noble, group CEO, CIPS, said global increases in outsourcing and greater external spend by organisations meant a bigger role for buyers.
“The demand for good procurement people is increasing dramatically,” he said. “We are a wanted species.”
Noble was speaking at the launch of the CIPS/Hays Salary Guide and Procurement Insights Report 2015, which revealed salary increases for buyers had outstripped the rest of the economy.
“It’s a sign of this profession becoming centre stage, but we have to attract new talent,” said Noble. “We have to make this profession far more visible.”
Commenting on the findings of an average £5,000 pay boost for those holding MCIPS, Noble added: “It’s great to see if you have MCIPS, you are paid more. It’s great for the profession we are taking a licence seriously.”
The launch event, at Girton College, the University of Cambridge, saw presentations from Geoff Sims, regional managing director for the East of England at Hays, and John Glen, CIPS economist and senior lecturer at Cranfield School of Management. Nicky Taberner, director of Hays Procurement, chaired a Q and A session.
Noble said the Modern Slavery Act, which requires firms to report on efforts to eradicate slavery from supply chains, was important. “For the first time in the UK our profession will be part of a regulatory framework."