In a volatile economic environment, organisations continue to cut costs across the organisation. Procurement is no exception. Globally, procurement is one of the fastest growing profession. The role of the procurement function in organizations has evolved over the past decade to become more relevant to the business, hence, the Chief Procurement Officer (CPO) position has risen in prominence.
Seven out of the ten fastest growing economies are in Africa (World Bank report 2010). A target spend of more than US$43bn in the African continent is driven by the increased focus on infrastructure and manufacturing setups, majority of this spend is controlled by procurement organisations. By virtue of this trend, Procurement Advisory is growing at a rapid rate in the African continent, following the global growth rate of 4.7%.