Explaining the procurement challenge

posted by Guy Strafford
18 May 2016

The average large business spends five times as much on suppliers as it does on its people. Even central government spends more on suppliers than civil servants. With an ever-more complex inter-connected world, this ratio is only going to increase.

Suppliers are important because they can expand your capability and increase productivity, or in some instances replace your in-house capability. Increasingly, they are the source of innovation in your business. Much of your business’ environmental/CSR impact is the result of suppliers working on your behalf, and the majority of your operational risk will reside within your supply base.

To read the rest of this article you need to sign in:
Don't have an account? Register here


Not a CIPS member? Why not join CIPS to access a full range of benefits, including:

  • Access all areas of the CIPS Knowledge on-line library including tools and templates and Supply Management stories.
  • Enhance your network and get connected to a global community of 120,000 in 150 countries.
  • Stay in touch and up to date through member only events and branch meetings.
  • Annual subscription to Supply Management magazine.
  • 10 per cent discount on all training courses, workshops, seminars and conferences.
  • Up to 15 per cent discount on books from the CIPS book store, including course books and a range of further reading text books.

And much more. Click here to join >

Richmond upon Thames, London (Greater)
London, Leeds or Manchester
£34,090 - £52,248 depending on role and location
Ministry of Justice
CIPS Knowledge
Find out more with CIPS Knowledge:
  • best practice insights
  • guidance
  • tools and templates