On the move in the procurement world – June 09
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As unemployment continues to rise across Europe procurement is playing an increasingly important role in labour recruitment – an area that is being scrutinised more heavily than at any time in generation.
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The salaries of US-based supply management professionals increased by almost 7% in 2008 over 2007 levels, according to Institute of Supply Management research.
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I was invited along to a roundtable discussion the other day (organised and chaired by 4C at the Procurement Leaders Forum).
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To most organisations the cost of human capital – whether full time or interim employees, or the infrastructure needed to support them – is the biggest cost they have to bear, so it’s perhaps not particularly ground breaking to suggest that procurement must work more closely with HR to reduce costs.
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Media agency, Omnicon, one of the largest advertising agencies in the world, is appointing two senior procurement experts to help in its own negotiation processes.
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Despite murmurings of a recovery, a new survey by the British Retail Consortium suggests that confidence among UK consumers is at a record low, with concerns over job prospects in particular a cause for concern.
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The defence department of president Barack Obama’s plans to create 20,000 new procurement roles to help revolutionise how it will buy more than $100bn worth of weaponry each year.
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On the move in the procurement world, April ‘09…
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A question I often ask procurement executives is whether or not they would recommend a career in procurement to their kids – I find it can be an excellent indicator for how highly regarded the profession currently is. (Afterall, if those who already do it won’t recommend it to their own children, what hope do we have?)
