News 6 | Plant & Works Engineering www.pwemag.co.uk April/May 2024 A recent report by RS, a global provider of industrial product and service solutions, in collaboration with The Chartered Institute of Procurement & Supply (CIPS), sheds light on the current landscape for professionals involved in maintenance, repair, and operations (MRO) procurement. Titled ‘Maintaining Focus,’ the 2024 Indirect Procurement Report marks the seventh annual survey of its kind, drawing insights from a diverse pool of global participants representing various sectors such as manufacturing, public sector, energy, logistics & retail, transport, defence, and technology. The respondents, ranging from operational to senior and directorial roles, provided valuable perspectives on prevalent challenges and emerging trends in the field. This year’s survey notably saw a substantial increase in participation from the UK and Ireland, with 323 respondents, including a significant number of younger individuals and first-time participants. Moreover, a higher-thanusual percentage of smaller and medium-sized enterprises contributed to the survey, enriching its breadth and depth. Key themes that emerged from the survey underscored the enduring challenges faced by MRO procurement professionals, including talent attraction, adverse macroeconomic conditions, environmental, social, and governance (ESG) concerns, and technological advancements. Among the top challenges cited were the imperative to ensure sustainable and ethical procurement practices, enhance asset performance, and navigate reduced operational budgets. Pressures related to inventory cost reduction and the escalation of indirect material expenses, such as MRO supplies, also featured prominently. Emma Botfield, managing director for the UK & Ireland at RS, expressed optimism regarding the heightened engagement of procurement professionals in addressing critical business issues, particularly amidst financial pressures. Botfield emphasised the enduring commitment to the ESG agenda among firms, noting the pivotal role of procurement teams in translating intentions into actionable strategies. The survey revealed a noteworthy willingness among respondents to invest in more sustainable products, with 82% indicating a readiness to pay a premium. Helen Alder, head of knowledge and learning development at CIPS, interpreted this as a positive shift towards long-term thinking, albeit amidst persistent pressure to deliver cost savings and navigate short-term upheavals. Despite the commendable strides towards sustainability, procurement professionals face multifaceted challenges, including the management of aging assets and risks associated with counterfeit products. Botfield stressed the importance of fostering robust relationships across the organisation, particularly with engineering teams, to identify and prioritise investment needs effectively. Effective supplier management emerged as a linchpin for procurement success, necessitating a re-evaluation of supplier portfolios and enhanced communication strategies. Botfield highlighted the complexity of these issues and underscored the value of trusted partnerships in navigating them effectively. The report paints a nuanced picture of the MRO procurement landscape, highlighting both challenges and opportunities for professionals in the field. The full 2024 Indirect Procurement report can be found at: https://uk.rsonline.com/web/content/m/indirectprocurement-report Report highlights challenges and opportunities for MRO procurement professionals Pump industry excellence acknowledged at 2024 awards ceremony The British Pump Manufacturers Association (BPMA) recently hosted its annual Pump Industry Awards presentation at St George’s Park in Staffordshire. With a notable increase in submissions across eight categories, this year’s event showcased outstanding entries from various sectors within pump manufacturing and distribution. The evening underscored achievements in business and professional standards within the industry. Martin Bayfield, former England and British & Irish Lions rugby player, provided entertainment, underscoring the return to in-person gatherings. The event fostered networking opportunities, reinforcing the significance of personal connections within the sector. Dale Croker, Managing Director of KSB in the UK and BPMA President, opened the ceremony by commending finalists for their contributions to innovation, skills development, and service delivery. He highlighted BPMA’s role in advocating for regulatory frameworks conducive to operational efficiency and environmental sustainability. Wayne Rose, BPMA Director and CEO, expressed satisfaction with the event’s engagement, emphasising its role in recognising industry achievements. He praised the quality of submissions and reiterated the importance of the awards in supporting the pump sector. Bob Tichband, Chief Operating Officer at SPP Pumps, a long-standing supporter of BPMA, echoed this sentiment, emphasising the association’s support for UK pump manufacturers. SPP Pumps received the prestigious ‘Manufacturer of the Year’ award for the second consecutive year and the ‘Rising Star’ accolade for employee Ben Warren.
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