CIPS News


Procurement and supply chain management in the next decade

CIPS 25 September 2019

Ethical sourcing, technology and Brexit are just some of the challenges facing the supply chain and procurement profession

As human beings, we have a strong drive to be inquisitive and wonder what the future holds for us. Good procurement professionals are inherently curious, and whether on a business, economic, political or personal career level, we want to know how new scenarios will affect these aspects of work and life. As a rule, no one welcomes uncertainty. Ambiguity in business can cause panic, but procurement and supply professionals who face these challenges all the time have increasingly learned to adapt, plan and find solutions for their business. Good procurement and supply professionals thrive on dealing with uncertainty and overcoming obstacles.
The procurement profession as it is now is not what it once was. The skills our professionals acquire have moved beyond traditional procurement competences and are becoming more relevant and sought-after in broader business environments. The context in which professionals are working continues to change and new responsibilities make them much more focused on mitigating risks in supply chains, though the core activities of supply continuity and delivering value for money remain.
So what are these new pressures on procurement? News travels fast and bad news even faster, so understanding the impact sourcing decisions have on reputation is high on the list. Food scandals and product recalls in recent years have shone a spotlight on the importance of effective and proficient sourcing. Implementing good procurement and supply chain practices will protect reputation, human health and safety, so should never be underestimated. Consumers and investors are increasingly looking to buy from and invest in ethical businesses, and this movement with continue to gain momentum.

Discussing the future of procurement in the Business Reporter supplement, Malcolm Harrison, Group CEO, CIPS says,

"As human beings, we have a strong drive to be inquisitive and wonder what the future holds for us. Good procurement professionals are inherently curious, and whether on a business, economic, political or personal career level, we want to know how new scenarios will affect these aspects of work and life. As a rule, no one welcomes uncertainty. Ambiguity in business can cause panic, but procurement and supply professionals who face these challenges all the time have increasingly learned to adapt, plan and find solutions for their business. Good procurement and supply professionals thrive on dealing with uncertainty and overcoming obstacles...."

Read the full extract of Malcolm's article and the rest of the report on the Business Reporter website.

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