The Rise of Women in Procurement | Procurement is a critical function in any organisation. While historically the field of procurement has been dominated by men, it is now undergoing a significant transformation, with women emerging as influential leaders in the industry.
Global Women Procurement Professionals (GWPP) suggest that women now hold 38% of roles in procurement with 25% in leadership roles.
This article, written by Lauren Bell, Consultant within our Interim Practice, will explore the vital role that women play and the impact that they can bring to the table.
Breaking Stereotypes:
Procurement has often been viewed as a male-dominated profession. However, this stereotype has been challenged and overturned as women have entered the field in increasing numbers.
At Procurement Heads, the number of females who have been placed in procurement roles between January and September has increased by 11% in 2023 vs. 2022, taking the total number to 45%. These women have demonstrated that gender does not determine one’s ability to excel in procurement. With their unique perspectives, skills, and experiences, they have contributed to a more diverse and innovative procurement landscape.
Diversity Drives Innovation:
The presence of women in procurement has brought diversity to the decision-making process. This diversity is a catalyst for innovation.
Different backgrounds, experiences, and viewpoints can lead to more creative solutions and better decision-making. Women often excel in areas like communication, relationship-building, and collaboration, which are essential skills in procurement. Their ability to connect with suppliers and stakeholders can lead to more effective partnerships and improved outcomes.
Leadership and Influence:
Women in procurement are not just participating, they are also rising to leadership positions.
At Procurement Heads, we have seen a 30% increase in the number of women being placed into leadership roles in comparison to the same time period 12 months ago. Their leadership is characterised by strategic thinking, a focus on sustainability, and a commitment to ethical practices.
Balancing Act:
One of the reasons women excel in procurement is their ability to balance competing priorities. Procurement requires managing costs while ensuring quality and sustainability.
Women’s attention to detail and ability to multitask make them well-suited for these challenges. They are adept at finding cost-effective solutions without compromising on quality or ethics.
Championing Supplier Diversity:
Women in procurement often advocate supplier diversity initiatives.
They understand the importance of giving opportunities to underrepresented businesses, including those owned by women and minorities. By supporting diverse suppliers, women in procurement help foster economic growth and create a more inclusive business environment.
Mentorship and Networking:
Networking and mentorship play another crucial role in championing women in procurement.
They support and inspire other women to pursue careers in the field, fostering a new generation of talented procurement professionals. Networking events and organisations for women in procurement provide valuable opportunities for knowledge sharing, collaboration, and career development.
The role of women in procurement has evolved significantly, challenging traditional stereotypes and making invaluable contributions to the field.
Their diverse perspectives, leadership abilities, and commitment to ethical practices are driving positive change within organisations and the broader business world.
As more women continue to rise in procurement, we can expect even greater innovation and excellence in this critical profession. Women are not just making strides in procurement; they are leading the way to a more inclusive, responsible, and prosperous future for all.
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