As part of our annual conference – Proactis ReThink – we welcomed Peter Smith, Managing Director at Procurement Excellence Ltd. and former Managing Editor at Spend Matters UK/Europe, to share his views and visions on procurement.
In his session – “Are you ready for the future of procurement?” – Peter discussed how, in his opinion, procurement has been successful over the last 20 years (citing CIPS’ success as evidence), and he felt it was important to focus on why this was – what has happened and what has driven that. This is a summary of key points covered during his thought-provoking session:
Major external factors which have helped procurement grow:
- Most organisations have got more spend coverage and Procurement functions are more interested in areas such as marketing, IT and facilities management, that perhaps weren’t considered 20 years ago.
Proactis Holdings Plc (LON:PHD) develops and sells business software, and provides installation and related support services in Europe and the United States. The company offers Spend Control and eProcurement solutions that help organizations to improve operational and financial performance by enhancing the way they buy various goods and services.
