Based on your experience or readings, discuss the career possibilities available

Question

Based on your experience or readings, discuss the career possibilities available to Supply Management professionals in first ten years of this century.

What, in your judgment, is the basic difference between career potentials for Purchasing and Supply Management professionals in the public and private sectors?

In which sector, in your judgment, is the potential for career growth greater during the next ten years?

Are the skill sets different for Purchasing and Supply Management professionals who plan for employment in the public sector from those who plan for a career in the private sector?

Explanation / Answer

Career opportunities for Supply Management professionals:

Supply management is a role where professionals will take decision on acquiring, managing and identifying the products or resources to develop the business, what are the need of the business, what should be done, such questions are answered by the supply managers.

Career aspects for such professionals are very high in today’s time. As a start they can take a role of buyer executive or a purchasing executive to start the career and as the career progresses, they can take up a role of manager where he/she will be leading a team of juniors buyers or supplier and eventually can take a higher role in an organization as and when time passes.

Difference between career potentials for Purchasing and Supply Management professionals in the public and private sectors

There are several differences between the private and the public sector for purchasing and supply management professionals. It is said that the private sector is more beneficial to opt as a career for such professionals, because in public sector the role of professionals is just a routine to follow, whereas in private sector such professions have higher value to the organization.

There is more learning in private sector as you will get to know how your decisions are impacting the organization.

Because of the Public Contracts Regulations most of the public sector is too risk averse to procure effectively

Where public sector follows a tedious list of rules and regulation to bring a new idea for such professionals, private sector is more open to the concept and will allow the professionals to come up with new ideas and allow them to implement it based on the organizations benefit.

In private sectors, though the professionals have basic knowledge of the subject, still they undergo various training modules to improve in their performance, whereas no such efforts are taken in public sector.

From above points, we can clearly identify private sector as the better place to work for such professionals. And as per my comments, I will prefer Private sector as a career option for purchasing and supply management professionals.

Are the skill sets different for Purchasing and Supply Management professionals who plan for employment in the public sector from those who plan for a career in the private sector-

As such there are no different skill sets for public and private sectors for such profession.

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