January Bulletin – The market for procurement professionals

 The final quarter of last year saw a noticeable improvement in the market conditions for procurement professionals after a period of uncertainty created by the credit crunch.  The early signs this year are that this should continue and we believe the following factors have contributed:

  • Improvement in a number of key economic indicators leading to better confidence in the economy
  • Procurement’s unique ability to make a case to overcome “hiring freezes” in major organisations
  • Greater urgency from clients to make appointments, especially where previous restrictions have applied
  • Use it or lose it – a desire to spend budget before the end of the financial year
  • A willingness to “get on with it” after a period of uncertainty
  • Greater demands from senior management on procurement to deliver results  

The interim market also improved after a quiet summer with less availability of candidates than the first half of the year, although there remains some pressure on both contractors pay and recruiters margins.  The recovery in the interim market is due to:

  • The need for additional resource when permanent head count is restricted
  • The flexibility interim managers offer in uncertain market conditions
  • The success many organisations have had in “squeezing” interim costs

At EdburyDaley we have been particularly active in the recruitment of senior category roles, head’s of function, vendor management/SRM and several international leadership appointments on both an interim and permanent basis during this time. If you have a key role in your team that needs a high calibre candidate then please talk to Andrew Daley, Charlie Bolam or Hannah Jackson.  Contact details here: http://www.edburydaley.com/contact2/

News

The latest EdburyDaley research project into The Importance of Supplier Relationship Management will be published next week.  With analysis from the Director’s of 105 Consulting we are confident that it’s the best survey we’ve produced yet. There are some fascinating comments on the subject and significant evidence that the standard of SRM capability can be improved upon in several different ways.

To register to receive a copy of the survey results, please e mail info@edburydaley.com