Why to work in procurement
If you are new to procurement and supply chain or willing to work in this career and can’t understand why we love our profession, I will give you some reasons why we love procurement
Procurement_gives
Exposure_to_Business Leaders
Procurement will give you the opportunity to meet with people in your early professional years that you may not even imagine that you will meet in your senior ages If you worked in another profession. You will meet sales directors, commercial directors, business development managers and even CEOs of companies you may dream to just join these companies if you work in another job. Sometimes those people may seek eagerly to meet with you in order to show you their products or to discuss a huge deal that may increase their profitability and reputation.
#Procurement_is
challenging
If you are this kind of person who likes challenges, so procurement is the right profession for you. It will take from you a lot of efforts to orchestrate the activities of a supply chain that spreads over different countries and includes hundreds of suppliers and suppliers of suppliers to supply components and parts needed for operations. While doing that you need to manage effectively the risk of increased market volatility and sudden international supply risk, taking into consideration the legal and ethical requirement of product safety and ethical issues such as forced or child labour that may harm your company’s reputation if neglected.
#Procurement_looks
forward
Unlike finance and HR who spend most of their times analysing past data to get better understanding of the performance of the company and employees; procurement focus on future needs and based on the decisions that procurement takes the future of the company is shaped.
#Procurement_pays_well
Hot issues such mitigating corporate risks, maintaining ethical standards or even managing outsourcing relationships keeps modern CEOs always in alert mode. These issues need qualified procurement experts to manage. This demand has resulted in significant earnings increases for professionals.
According to Procurement Salary Guide and Insights 2017, in UK; “For the third year in a row, we have seen an overall growth in salaries, both within the profession itself and in comparison to other disciplines,
At 5.3% compared to a national average of 2.2%. 64% of respondents received a pay increase (compared to 68% in 2016 and 61% in 2015,) with the average salary at £44,936”.
Within Australasia in the last 12 months, 66% of respondents received a salary increase – a slightly higher proportion than the 64% in the UK – while 31% received a bonus. The average salary is 139,500 AUD.
In MENA region and despite the challenges due to oil shock of the last two years, the highest average salaries are being seen in the Private Sector and the average salary for all procurement professionals is £56,000, which is higher than the UK average of £44,900. In the last 12 months, 51% of respondents received a salary increase, a smaller proportion than in the UK at 64%, and 41% received a bonus. Of course if you certified you are paid higher than your peers.
Finally, you will not realise how procurement is interesting and amusing unless you start working in it and once you do you definitely you will fall in love with this career.
