Shape your Career in Procurement, Warehousing, Supply and Logistics
What is it?
Procurement and supply management involves buying the goods and services that enable an organisation to operate in a profitable and ethical manner.
Responsibilities vary from sourcing raw materials and services to managing contracts and relationships with suppliers.
Why does it matter?
Procurement is often responsible for up to 70% of companies’ revenue, so small reductions in costs can have a huge impact on profits.
Organisations can spend more than two thirds of revenue on procurement, so even small cost reductions can have a big impact.
You need to demonstrate a variety of skills, including good business sense, financial management, and a flair for communication and negotiation.
Top buyers are in huge demand around the world and can achieve extremely high positions within companies.
Procurement is aimed at managing the supplier base and maintaining long term relationships with suppliers.