Forum moves to enhance procurement, supply capability

 
Thu Apr 8th, 2021 - Nationwide
 

An advisory services organisation, Harley Reed Nigeria, in collaboration with the Chartered Institute of Procurement and Supply (CIPS) has launched a forum for C-Suite level procurement and supply chain professionals to enhance procurement and supply capability in Nigeria.

Speaking at the inaugural event, CIPS Group Director, Duncan Brock, mentioned how procurement could be used as a powerful force for resilience and profitability in challenging times.

He said the forum, started with financial services institution like commercial banks and insurance companies, with chiefs and heads of procurement in attendance.

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He highlighted how CIPS in partnership with Harley Reed in the West Africa region provided an overview on their role in supporting the professionalisation of procurement.

The Guest Speaker and Group Chief Executive Officer, Harley Reed International, William Tagoe, who spoke on ‘Procurement as Strategic Value Creator’, hinted how strong procurement function would go beyond a cost saving mandate to provide organisations with greater resilience and agility.

Journeying towards becoming a strategic value creator, he referred to the CIPS diagnostic review, which he said was targeted analysis of procurement function of a business using CIPS framework.

He emphasised the need to align procurement activities in transiting from tactical to professional or strategic with global standards and themes.

According to him, the framework assesses leadership and organization; strategy and policy; people, processes, systems performance, management and also provides roadmap to the organisation.

Head of Global Standards, CIPS, Fiona Wood, enlightened participants on best practices as it concerned developing procurement practitioners and teams from being tactical to becoming professional and strategic.

She described the framework as a comprehensive competency framework to enhance organisational and individual performance.

According to Harley Reed Nigeria Country Director, Grace Onosode, the next forum will hold in April with a focus on the oil and gas industry, adding that the meetings would continue to run on monthly basis with focuses on different sectors.

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source: Guardian