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Retail and Wholesale Trade

Created by ERA Group

Managing Uncertainty: Why procurement can make a difference in an unpredictable world

This year there have been some significant geopolitical developments. It’s become increasingly clear since June 23rd, that the simple ‘yes / no’ referendum question masked a far more complicated answer. We don’t yet know what our new position in the world will be, or what our new trade deals will look like.

The election of an unpredictable President in the US likewise looks like creating a future that appears increasingly uncertain.

We conducted a survey of over 250 senior procurement professionals, in partnership with The Chartered Institute of Procurement & Supply (CIPS) and Supply Management.

We aimed to find out their thoughts on current global issues – such as Brexit – to see if they believed that it would affect the state of procurement.

The results highlight the need for procurement to extend its influence throughout the organisation, proving its worth by achieving greater control of spend, raising its profile and emphasising its strategic value.

This task is even more urgent given the uncertainty in which most businesses operate.

Making preparations for Brexit is an opportunity for procurement to make a real difference.

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