EY LLP specifically predicted an increase in the educational and professional backgrounds of people employed in procurement.
They also pointed to a more globally diverse procurement workforce, leading to more diverse buying strategies.
Thirdly, with the ‘under-20s’ arriving in their first wave of business and consumer power in 2025-203, they projected the arrival of a more transparent society and circular economy, requiring total re-evaluation of the corporate/social relationship.
And, finally, they foresaw the departure of the procurement professional focused solely on price, with a redefinition of ‘cost’ to becoming multi-dimensional.
Know what to expect in the future of procurement at our Futureproofing Conference.
Reference:
- Ernst & Young LLP (2015). Infinite possibilities: Procurement in 2025 – EY. 1st ed. [pdf] Ernst & Young Global Limited, US. Available at http://procureaustralasia.com.au/wp-content/uploads/attachments/EY-infinite-possibilities-procurement-in-2025.pdf [Accessed 20 April 2019].
