Proving worth is top CPO priority

9 May 2007
More news

10 May 2007

Eight out of 10 CPOs say their main challenges are demonstrating the impact of procurement on the firm's results and increasing awareness with top management.

Other challenges include involving the department in sourcing decisions early on and acquiring adequate human, financial and technological resources.

Yet almost half the respondents to a global survey, by BrainNet Management Consultants and software provider SAP said procurement now operates closely with other strategic departments, reporting directly to the management board and managing significantly higher budgets than five years ago.

The survey also found that, although the majority of spend is on components and raw materials, the procurement of indirect goods such as marketing and other services is rising. It claims the move into these goods is "significant proof of the fact that procurement is increasingly establishing itself as a cross-departmental, cross-sectional function".

SMmay2007

LATEST
JOBS
Hounslow, Heathrow /Richmond upon Thames
Competitive salary depending on experience plus generous share award
Tails.com
NE1, Newcastle Upon Tyne
Salary: £40,000 max.
Apsiz Services Ltd
SEARCH JOBS
CIPS Knowledge
Find out more with CIPS Knowledge:
  • best practice insights
  • guidance
  • tools and templates
GO TO CIPS KNOWLEDGE