2024 Indirect Procurement Report: Maintaining Focus
The RS 2024 Indirect Procurement Report, a collaborative effort with The Chartered Institute of Procurement & Supply (CIPS), offers a comprehensive analysis of the procurement sector’s current landscape. It delves into the challenges and opportunities that procurement professionals encounter, and how these factors influence business success.
What is inside?
- The report focuses on the challenges procurement professionals are facing and the opportunities to drive business success.
- Business challenges, resistance to change, and the impact of ESG are key areas of concern.
- Supplier performance and counterfeit products are seen as problems in the UK.
- Adopting new tech is seen as a way to drive operational efficiency and minimize internal complexity.
- The report highlights the need to ensure sustainable and ethical procurement, improve asset performance, and cope with reduced operational budgets.
- Other challenges include attracting and retaining talent, dealing with inflation and higher costs, and global political uncertainty.
- ESG is considered important to company strategy by over half of the respondents.
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