Another research report
has come out bemoaning the strained relationship between CPOs and CFOs.
The study released by the Aberdeen Group, which quizzed 176 global finance professionals and buyers, found that they’re experiencing the same pressures (with cost-cutting their priority), but poor communication has led to narrow performance targets.
It concluded that the CFO-CPO relationship remains very much a work in progress.
Les Ball, vice president of supply chain management for the EMEA region at the Eaton Corporation, certainly believes in the importance of a strong relationship between the two functions. Speaking at a conference in Brussels last month Ball said: “Whether in operations or corporate activity, whether you’re looking at the procurement of materials or logistics or services, the collaboration with finance can be a make or break a relationship.”
What’s your experience of procurement’s relationship or otherwise with finance?