Purchasing management

Fri, 5 Sep 2008 | Updated: Fri, 21 Nov 2008 10:59 am

Procurement professionals told to look to low-cost countries for talent

Purchasing managers could be required to source talent from low-cost countries, a procurement consultancy has claimed.

Robin Jackson, chief executive at ADR International, claims that procurement leaders may have to look to low-cost countries to build a “talent bank” of people who can be recruited at any time.

Jackson said: “Procurement teams will need more skills and will have to look for creative supply chain solutions. This could include sourcing more from low-cost countries and outsourcing some procurement operations.

“There’s no quick fix for what will become a long-term problem. Prepare your business for a blizzard of price increases and reduced margins and prepare your team for a significant increase in workload.”

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