The Non-Executive Chairman of the Minerals Income and Investment Fund (MIIF), Professor Douglas Boateng, has again urged educators and government policymakers in developing economies to consider introducing strategic sourcing as a core teaching in secondary and higher schools (SHS) and in universities.
The retired Extraordinary Professor for Supply Chain Management and Industrialization and former Chairman of the Public Procurement Authority gave the clarion call during a pan-African conference at the Ghana Institute of Management and Public Administration (GIMPA) in Accra.
Professor Boateng told the audience that if Africa is to achieve the 2030 goals and Agenda 2063, buying behaviors, especially among young people, must change.
He said young people need to understand the importance of their sourcing decisions on industrialization and economic development.
“Strategic sourcing is one of the most important topics young people can learn so they understand the impact of their behaviors on industrialization and long-term economic development,” he said.
He insisted that strategic sourcing should be integrated into the curriculum of secondary, SHS and universities across Africa.
“I think everyone should have a basic understanding of strategic sourcing before graduating from high school and/or college,” Boateng said.
“This is key to Africa’s long-term economic growth and the success of AFCFTA; a market which, according to the World Bank, is expected to be worth more than $3 trillion by 2035,” he added.
He explained that introducing strategic sourcing “early” in the knowledge development cycle would help young people understand their behavioral impact on industrialization and development.
“Africa leads the world in importing goods and services, but our students don’t study procurement. Why and how is this acceptable? Every year we spend over a trillion dollars on goods and services. It is our responsibility to at least make them understand the implications of their choices,” he said.
For years, Professor Boateng has been a tireless advocate for the integration of strategic sourcing into the early childhood education curriculum.
In 2015, he made a clear call for strategic sourcing to be considered a “core skill requirement,” similar to accounting and economics.
In 2009, the professor joined the region’s top policy makers and C-Suite supply chain professionals to help update the business management curriculum at business schools and universities across the region. .
These updates have made supply chain management and procurement an integral part of various educational and professional programs.
At the conference, Professor Boateng also presented GIMPA with free copies of his latest book on Strategic Sourcing, Insights into Strategic Sourcing: The Inextricable Link to Long-Term Industrialization, Supply Chain Governance and economic development in Africa.
In his closing remarks, Professor Martin Morgan Tuuli, Vice-Chancellor of the University, Co-Organizer and Chair of the event, said: “There is a need for supply chain management and, in particular , strategic sourcing are at the heart of the Africa Industrialization Agenda.
He promised that GIMPA would take the lead in academia and work closely with industry to ensure “that fit-for-purpose procurement professionals are trained for industry for the greater good of the world.” Ghana and the rest of Africa”.
He asserted again.
The latest edition of the Professor’s Writings on Procurement is the only manuscript in the world to provide practical insights into procurement and its direct link to economic growth and development.
The foreword to the book is written by AFCFTA General Secretary, Wamkele Mene and ADG Co-Chair and Ghana President, President Nana Akufo-Addo.
“Introducing students to the role and importance of strategic sourcing for regional industrialization, economic growth and development early in their education will help support regional economies as they pursue industrialization and development agendas. sustainable development,” concluded Boateng.