CIPS News


CIPS Supply Century – A new vision for the future of the procurement and supply profession.

CIPS 20 October 2016

Having consulted widely with CIPS members and advisory groups across the world, the paper aims to highlight the future challenges and opportunities for the profession over the coming 20 years.

As the largest body representing the procurement and supply profession, CIPS (The Chartered Institute of Procurement & Supply has launched CIPS Supply Century, at its UK conference and is a new position statement on defining the future of the profession.

Having consulted widely with CIPS members and advisory groups across the world, the paper aims to highlight the future challenges and opportunities for the profession over the coming 20 years.  Key areas examined include:

  • Technology - transactional activities will disappear in favour of automation
  • Skills – traditional skills for procurement will need to adapt from tactical to deal maker and value creator
  • Risk – a proactive stance on planning and designing resilient supply networks
  • Scope - as traditional boundaries between business functions become more blurred the role and scope of procurement is set to change

David Noble, Group CEO CIPS said: “As the largest global body representing procurement and supply, we are not only best placed to help design the future of the profession but are committed to doing so. There will be further work in the year ahead and ongoing to ensure we stay looking ahead and adapting and changing where necessary – creating our own roadmap for an exciting future ahead.”

A copy of CIPS Supply Century can be found on the CIPS website and feedback can be given supplycentury@cips.org

The Chartered Institute of Procurement & Supply

The Chartered Institute of Procurement & Supply (CIPS) is the world’s largest procurement and supply professional organisation.  It is the worldwide centre of excellence on purchasing and supply management issues. CIPS has a global community of over 115,000 in 150 different countries, including senior business people, high-ranking civil servants and leading academics.  The activities of procurement and supply chain professionals have a major impact on the profitability and efficiency of all types of organisation and CIPS offers corporate solutions packages to improve business profitability. 

For more information visit www.cips.org; @cipsnews   

Press contacts:

CIPS PR Manager; Trudy Salandiak; trudy.salandiak@cips.org; +44 (0) 1780 7615764; 07554 400 731

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