Procurement skills increasingly critical to supply chain

EBN Online writer, Nicole Lewis says it's time to think differently about how procurement skills are used within supply chain management
Procurement skills increasingly critical to supply chain

If you've been reading recently published articles, surveys, and reports on the role of the procurement manager, you'll realize that purchasing professionals are taking on added responsibilities at high-tech companies trying to maximize supply chain effectiveness.

As more high-tech manufacturing shifts to western locations, and as companies take advantage of the shrinking cost gap in manufacturing between China and the US, procurement managers may be presented with new opportunities to source components and negotiate contracts.

Additionally, new rules and regulations mean procurement managers must stay abreast of emerging compliance policies. For example, the Dodd Frank Act that calls for companies to disclose whether their products contain conflict minerals such as tin, tungsten, and tantalum from the Democratic Republic of the Congo, and the ongoing changes to the Restriction of Hazardous Substances (RoHS), designed to prevent electrical and electronic equipment that contain hazardous substances from entering European Union countries, are measures that directly impact the role of the procurement manager.

Read more at EBN 

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by Laura Stackhouse

readmt.com Editor

Laura Stackhouse is the Web Editor of readmt.com, an official publication of the International Marine Purchasing Association (IMPA). To discuss news, features or contributing to readmt.com please get in touch.

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