A recent survey reveals procurement’s strategic role has increased significantly. According to the ProcureCon CPO report, 91% of respondents reported an uptick in the CPO’s role in C-suite decision-making over the past two years. However, challenges remain, as 46% are facing internal struggles.
The procurement function has undergone a sizable transformation in recent years, moving beyond a mere cost-saving function to having an important role in an organisation's strategy. While traditional frameworks have provided stability in a time when that has been in short supply, procurement now has the opportunity to redefine its role even further by fostering innovation, prioritising sustainability, and developing strategic partnerships to drive value creation throughout the supply chain.
Global supply chains are becoming more complex year on year, which means that technically, CPOs are tasked with managing the most complex global supply chains to ever exist. With that challenge comes unwanted impacts from various macroeconomic trends that make this task even more complicated.
In an era where environmental sustainability is paramount, procurement departments must lead the way in reducing greenhouse gas emissions. A comprehensive report sheds light on the challenges CPOs face and offers essential insights for success in the ESG landscape. Discover the full findings today and embark on the journey towards a more sustainable future.
In an age where environmental concerns take centre stage, the significance of sustainable practices for organisations cannot be overstated. Among the myriad strategies employed to foster sustainability, procurement emerges as a pivotal player. It's not merely about sourcing products and services; it's about orchestrating a profound shift towards responsible consumption that echoes across industries and generations. Let's delve into why procurement is the linchpin for organisations aiming to attain their sustainability goals.
In 2023’s ProcureCon Playbook, we gathered insights from procurement leaders to better understand how their role has changed, how they continue to demonstrate value to their organisation - and keep the seat that they worked so hard to get.
When it comes to advancing your career in any field, it can be difficult to know which way to turn. It’s also amazingly easy to succumb to inertia and remain static in your career – how many of us have had a job which we swore would be for a few months only to blink and find a year has disappeared?