As technology and business practices continue to evolve, it’s natural to wonder whether certain careers will be impacted and if they will remain relevant in the future.
The same questions can be asked of a career in procurement.
With advancements in automation and artificial intelligence, many industries are seeing a shift in how work is performed, and procurement is no exception.
However, despite these changes, a career in procurement can still be considered future proof for several reasons.
The evolving role of procurement
Procurement has come a long way from its traditional role of simply purchasing goods and services.
Today, procurement professionals play a key role in managing supplier relationships, reducing costs, and ensuring the quality of goods and services.
As businesses continue to grow and evolve, the role of procurement will also continue to evolve, keeping procurement professionals relevant and in demand.
Importance of strategic sourcing
As businesses become more focused on sustainability and ethical sourcing, the importance of strategic sourcing will only continue to grow.
This, in turn, will drive demand for procurement professionals with the skills and knowledge to successfully implement these strategies.
Increased focus on risk management
Procurement professionals are also responsible for managing risk in the supply chain.
With global events such as natural disasters, political instability, and trade tensions, the importance of risk management in procurement is becoming increasingly clear.
As the world becomes more complex, the need for procurement professionals who can manage these risks will continue to grow.
Opportunities in emerging markets
Emerging markets are becoming more and more important for businesses, and procurement professionals will play a key role in ensuring that these markets are properly managed.
As businesses continue to expand into new markets, the demand for procurement professionals with the skills and knowledge to succeed in these environments will continue to grow.
Here are my 5 tips on what to do to help future-proof your procurement career
Stay current with industry trends and technological developments
Keeping up with the latest trends and technological advancements in your industry can help you stay relevant and competitive.
Read procurement articles and blogs, attend conferences and events, and network with your peers to stay informed about the latest developments.
Develop digital skills
The use of technology is transforming many industries, and it’s important to have the digital skills necessary to thrive in the modern workforce.
Consider taking online courses or attending workshops to develop your skills.
Build a strong professional network
Your professional network can be a valuable resource as you navigate changes in your industry.
Attend industry events, join professional organisations, and connect with others in your field on LinkedIn to build a strong network of contacts.
Be open to change
Embrace change and be open to new opportunities. Be willing to adapt your skills and try new things, and be ready to pivot your career if necessary. Stay curious and continue to learn new things, and be open to new ideas and ways of doing things.
Focus on continuous improvement
Finally, focus on continuous improvement in your work and career. Set clear goals for yourself, seek out new challenges and opportunities for growth, and be open to feedback and constructive criticism. By continually improving and growing, you can help ensure that your job and skills remain valuable and relevant in the future.
By following these tips, you can help future-proof your job and stay relevant and competitive in an ever-changing job market.
Procurement professionals who are able to adapt and evolve with the changing landscape will be well-positioned for success in the future.
And, if you are looking for your next procurement role, why not take a look at Procurement Heads’ jobs page to see the opportunities the team is currently recruiting?