Figures compiled by Hays Procurement, the leading recruiting expert, and the Chartered Institute of Purchasing & Supply (CIPS) show that there has been a significant increase in demand and reward for procurement and supply management professionals during the course of the past year.
Data from Hays Procurement shows that the number of procurement and supply chain job vacancies has risen significantly, with 33 per cent more jobs advertised in Q2 2011 compared with the same period in 2010. Vacancies for Procurement Officers increased most sharply (200%) followed by Senior Buyers (110%) and Procurement Managers (75%).
The highest concentration of job vacancies is in the South East (22%) and London (18%), followed by the Midlands (12%) and the South West (12%), with growth strongest in the automotive manufacturing jobs sector, up an average of 73% per quarter in the first half of the year.
These increases are also reflective of an on-going trend of procurement becoming recognised as a high-level strategic function within organisations during the past decade, shown particularly in terms of salary increases. According to Hays Procurement the number of senior procurement jobs with advertised salaries of between £75,000 and £100,000 per annum rose by 35% in the first half of 2011.
David Noble, CEO of the Chartered Institute of Purchasing & Supply said: "The financial crisis and continuing uncertainties weighing on the global economy, have led many companies to review their business strategies and to expand parts of their operations that ultimately help them to reduce costs and ensure the sustainability of future growth. Meanwhile, recent scrutiny of government procurement strategies has led to more strategic employment in the sector."
Meanwhile, 94% of procurement professionals surveyed for the CIPS/Supply Management survey earlier in the year, said that they would recommend purchasing and supply as a career.