16-05-2008
CIPS stresses importance of procurement and purchasing
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The Chartered Institute of Purchasing and Supply (CIPS) has stressed the importance of purchasing and procurement within a business during times of economic difficulty.
Roy Ayliffe, director of professional practice with CIPS, has stressed that while it may be advantageous for an organisation to outsource certain elements of the purchasing process, it is not an advisable strategy for all areas of business procurement.
"What [businesses] can do is outsource the purchasing of certain categories to specialist organisations who are particularly good at that," said Mr Ayliffe.
"At a time like this, as budgets are tight for people right now, what tends to happen is that purchasing people are valued a bit more."
Indeed, according to the findings of the latest salaries and reward survey, created by CIPS in partnership with Croner Reward, the earnings of senior members of staff operating in the purchasing sector have increased beyond the current national average.