With procurement managers dealing with the most cost-sensitive issues in business after people, Matt McInnerney, Procurement Consultant within The Interim Register, part of international search and selection agency Ellis Fairbank, discusses the increased importance of sourcing the best talent in the current economic climate:
Procurement managers are at the heart of controlling goods and services for a company, in the right quantity and quality, and at the right time and place.
With the current instability of the UK economy, there is increased pressure on these individuals to make the right decisions the first time around.
This emphasises the need for companies to select the best talent to limit expenditure. Companies need to be reassured that potential candidates can justify the actions and decisions that they have made in the past to ensure a suitable fit. Analysing the risks of decisions is crucial and business leaders need to be confident that their procurement managers can assess these risks effectively.
We have witnessed an increased demand for interim procurement managers in recent months and companies that choose to do business this way often see higher profits and a larger return on monies spent.
Not only do they offer expert skills but an impartial view on the running of the business, this ensures that it is the core issue which is focussed on, sourcing the goods and services.
The UK financial climate remains uncertain and companies need to ensure that they are spending money and making purchasing decisions effectively. By appointing the highest calibre interim procurement managers, companies can see a significant reduction in costs, contributing to the continued success of the business.
Talented procurement managers key for cutting costs
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