As procurement’s profile has soared, companies expectations of what they can deliver has become even more challenging. The CPO is now being asked to be accomplished in a growing list of skills and responsibilities: Financial, commercial, supply chain, legal Reduce cost, Increase revenue, Improve working capital, reduce tax Stimulate supplier innovation Enhance the brand Decrease supply chain complexity Reduce risk … Read More
Staying Centre Stage
Once the current economic turmoil is over CPOs will need to develop new strategies to maintain executive attention. The economic downturn has highlighted the role procurement can play as a creator of value but many CEOs still view the function mainly in terms of cost savings rather than as enablers of growth. Having gained the attention of the board in … Read More