Two business people sitting at a desk in a office discussing a project
Why Organisations turn to Interims for Essential Support

In the current rapidly changing business and commercial landscape, organisations can often find themselves in need of specialist expertise to guide them through transitional periods, manage projects or drive change.  

This is where interim managers and consultants come into play, offering a wealth of experience, expert knowledge, authority and the flexibility that can support companies facing strategic shifts or needing to fill critical job role gaps temporarily.  

Here’s some of the key reasons why businesses increasingly rely on these high-calibre professionals for additional support to meet objectives.  

Expertise during changing times  

Organisations often undergo periods of significant change, such as mergers and acquisitions, restructuring, or rapid growth that strains existing resources.  

Interims can bring specialised knowledge and expertise that might not exist internally, providing leadership to steer the company through these complex situations effectively.  

They can be adept at navigating uncertain waters and can be the steadying force needed to maintain momentum and ensure continuity. 

Immediate impact at pace   

One of the most compelling aspects of hiring Interim expertise is the speed at which they can become effective and have an impact.  

Great interim professionals are accustomed to moving into different environments and quickly making sense of the organisational dynamics and challenges.  

With their high level of competence and experience, they can hit the ground running, making immediate impacts where it’s most needed. 

Objective and fresh perspectives 

Being temporary and typically not aiming for a permanent position in the company, the right Interim can provide unbiased perspectives on the business’s challenges and opportunities.  

This objectivity enables them to make tough decisions without the influence of company politics or culture, which might stifle necessary change. Their fresh eyes can identify overlooked issues and initiate new strategies that drive innovation and efficiency. 

Flexibility and cost-effectiveness 

For many companies, the flexibility that Interims offer is a significant advantage. They can be brought in for a specific project or period, which helps control costs and reduces the long-term commitments associated with hiring full-time senior executives. This cost-effectiveness combined with their ability to deliver targeted expertise where it’s needed most, provides a compelling value proposition for businesses managing tight budgets or specific project timelines. 

Bridging gaps 

Whether it’s filling a sudden or unexpected vacancy or supplementing the existing management team while searching for a permanent hire, Interim managers ensure that the company continues to operate smoothly. They bridge the gap, ensuring that strategic initiatives and critical operations proceed without disruption, which is vital for maintaining stakeholder confidence and organisational stability. 

Driving change and implementing best practices 

Interim managers are often brought in to drive change management initiatives, from introducing new technologies and processes to steering shifts in corporate culture.  

Many professional Interims have a deep specialist knowledge in their field of expertise and have fulfilled a variety of roles in different industries and sectors. It means they have a toolkit of best practices and experiences from which an organisation can benefit. Given a mandate to bring about or support change, an Interim can very often deliver what internal leaders have struggled to implement, due to operational constraints or internal resistance. 

Interim managers support business growth 

The strategic deployment of Interims can be a game-changer for businesses needing expertise, specialist leadership, and an objective viewpoint to navigate critical periods. Their ability to integrate quickly, assess the landscape objectively, and drive necessary changes makes them invaluable resources.  

As businesses continue to operate in increasingly dynamic markets, the role of an Interim professional is set to become even more crucial, providing the agility and expertise organisations need to succeed. 

Incorporating Interim support into strategic planning can ensure that businesses not only survive but thrive in the face of challenges and opportunities alike, making the most of this expertise to foster resilience and growth. 

Industry News: CIPS Awards

Industry awards are a great way to mark and celebrate outstanding work and the annual CIPS Excellence in Procurement & Supply Awards are no exception.

Created by the Chartered Institute of Procurement and Supply (CIPS), the largest procurement professional body in the world, these awards are highly respected and designed to recognise excellence and innovation in the procurement and supply chain profession.

The deadline for entries is 26 April 2024.

How to enter details here

The Future of Work – Procurement & Supply Chain

Survey Closed. 

If you participated, you will receive an advanced digital report, with Insights to help shape future recruitment and workforce planning in 2021.

The purpose is to assess how organisations are responding to the pandemic in terms of working practices, remote and blended working and changes of individuals preferences for future working, as we look forward to full easing of lockdown restrictions.

The survey was completed by Procurement, Finance and Supply Chain employees in the UK, and Talent Acquisition & Business Leaders with Procurement & Supply Chain teams based in the UK.

Thank you! the report will be publicly available soon… watch this space
‘How to guide’ for training & interview support

The Purchasing Profile is a self-diagnostic questionnaire-based toolkit, which helps organisations assess & improve their purchasing effectiveness in a fast, cost effective manner and used to support organisational design and prioritise team, or personal training & development.

The Profile can also be used to support procurement and functional stakeholders during the recruitment process.

The toolkit combines the best of purchasing experiences with methodologies used in psychometric testing to produce a tool which is statistically reliable and more accurate than many traditional techniques.

Training & Personal Development planning

  • Assess organisational working practices and training priorities
  • Understand the strengths & weaknesses of your team
  • Signpost how to achieve best-in-class processes

Recruitment & Assessment support

  • Test knowledge and experience of candidates during the interview process
  • Supports development of competency based questions prior to online interviews

At the heart of the profile are 20 elements present in the purchasing & supply chain activities of best-in-class organisations, each supported by a set of positive and negative indicators. These help organisations and individuals identify the extent to which each is present in their current procurement processes.

Central to the process is the completion of two questionnaires:

1. The Aspiration Workbook.
A facilitative tool used by a manager or stakeholder group to agree the level of competency required for each of the 20 elements

2. The Purchasing Profile Questionnaire.
Completed online, the individual responses collectively provide the profile of the organisation’s purchasing capability.

The profile, based on the collective responses, can then be mapped on to the aspiration to identify possible gaps. This helps target development budgets on specific high priority issues, rather than spreading it thinly over all areas.

The Purchasing Profile does not require a large amount of management time and does not result in large cumbersome reports and is priced from £75 per report, or free if used as part of a ProSearch recruitment campaign.

Email Tony Goldsby at tgoldsby@procurasearch.com for a Purchasing Profile information pack

 

Why don’t you also access the full Survey report outlining the use of training and assessment tools by Procurement & Supply Chain leaders

If you would also like to receive regular Procurement & Supply Chain Insights subscribe here

2021 Global Sourcing Report

The perspectives of procurement leaders have shifted. Before the pandemic, strategies were orientated towards global sourcing and the key trend in procurement was digitisation.

The outlook for 2021 is radically different

Procurement has gone tactical and the focus is now on rapidly securing supply, mitigating risk, and reducing cost. There is also a marked change in sentiment; reversing long-term trends towards offshoring and outsourcing.

Whilst it remains to be seen if this is just a short-term effect, there are a number of recommendations which can help organisations take advantage of the current situation.

Our survey of procurement leaders was undertaken in Q4 2020 and sought to understand the impact of Covid-19 has had on sourcing strategies.

The results cover;

  • Shifts in global sourcing, nearshoring and domestic sourcing
  • The mitigation of risk through strategic sourcing
  • Trends in insourcing and outsourcing
  • Outlook for 2021 and key recommendations

Download the COVID19-SURVEY-2021

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