Procurement, Consulting and Spend Management Market Update Q1 2016

This first quarter 2016 Edbury Daley (global procurement recruitment specialists) report on what’s happening in the employment market for procurement and associated professions is now finalised and available to download for free on the Edbury Daley website. As we have said before when featuring this quarterly update, we like this report because it comments on the broader issues that impact the procurement and procurement solutions market -- not just number of jobs and trends in types of job in the market. The Chinese economy, US presidential elections, Brexit, the FTSE, US trade figures, and more, are all brought to bear on how the big picture affected the Q1 market for procurement and spend management recruitment.

Edbury Daley addresses developments in the profession through the eyes of procurement recruiters, to make them interesting and relevant for prospective candidates, procurement executives who may be recruiting, or interested solution providers. We think the report is spot on in terms of identification of current issues: that technology will change the role of procurement without a doubt, is something we suspect will happen in more ways than some of us anticipate.

There are some new highlights to the report this quarter:

  • An update on developments in the procurement technology sector with a new section on the European market
  • Evidence of wide variations across the consulting market
  • Concerns about the impact of recent political and economic conditions on the job market
  • Thoughts on demand for interim resource in both the spend management and procurement markets
  • Questions about the impact of technology on the future of procurement skills and careers

The report is well structured and an easy read, it's in sections with key pullouts for those of you who have only enough time to scan it briefly -- so you can still get the information you need without trawling. Full analysis is in the body, but a quick overview tells us that for this first quarter: the overall picture in their core markets remains largely positive despite some worrying economic data and political uncertainty (future quarters will be interesting to follow to see how these factors impact demand for procurement and associated professionals, if at all).

The reports also points to an area of concern for the longer term -- the various spend management software products available in the market, while heralding a positive future for procurement (making a bigger contribution to the business, increasing efficiency and raising the visibility of the function across major organisations) could pose a potential threat to the profession in terms of how many procurement jobs will be replaced by the increasingly powerful technology.

So they ask, for medium career progression: how will this technology change the skills the procurement professional will need to do their job effectively?  How will the technology change the way we engage with suppliers, approach sourcing activities and help manage risk? What impact will predictive analytics have on how procurement professionals work moving forward? And is it time to start thinking about adapting your procurement skill set for the future when all roads appear to head towards cloud-based spend management platforms?

The report is available to download for free here  QMU-Q1-2016

And if you would like to discuss any of the issues raised in the report, you can contact Edbury Dales at info@edburydaley.com

 

 

Discuss this:

Your email address will not be published. Required fields are marked *