Finding Procurement Savings Hidden in Your Financial Reports Procurement teams frequently struggle to find and produce cost savings on a consistent basis. The biggest challenges they typically encounter are obtaining quality data and the time to analyze it. CFOs, CPOs and other C-level executives who are able to reduce costs and maintain quality will be […]
From Baby Boomers to Millennials: How Sourcing Has Changed Today’s strategic sourcing discipline represents the culmination of methods that have developed over several decades. In the 1960s, competitive bidding seeking the lowest price with a focus on material management was the most common approach to sourcing. By the 80’s, with a greater number of suppliers […]
Understanding exactly what a Chief Procurement Officer (CPO) entails and how the role fits in with the rest of the executive suite is the key for getting the best from the person you put into this position.