Cranfield School of Management and the Chartered Institute of Purchasing & Supply have created the Centre for Strategic Procurement and Supply Management at Cranfield.
The aim of the centre is to improve the leadership of procurement and supply management across industries.
Cranfield’s Emeritus Professor Martin Christopher said: “Over the last decade there has been a massive trend towards outsourcing, with some companies spending as much as 60p in every pound on suppliers.
“In the current economic climate, managing the interface between a business and its clients has become ever more critical to managing costs. Strategic partnering has become a crucial part of procurement. Having a close relationship with suppliers and sharing information helps to create a seamless relationship which will lead to enhanced results for both parties.”
The centre will open on 16 June. Christopher will chair the inaugural event, a meeting of the ‘Executive Procurement Network’ for executives, directors and senior managers involved in procurement and supply chain management.
Alan Smart, director of the centre said: “We see procurement and supply strategy as a key area for review and development. The Executive Procurement Network will create a pathway for broader business skills so members can master the increasingly strategic role that is demanded of the profession.”
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