Chief Procurement Officer

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Chief Procurement Officer aka the "CPO"

This is an executive role focused on supply management for an enterprise.

A report by Aberdeen Group shows a marked acceleration in the significance of procurement's role. Although it remains the extreme exception for procurement to be considered the leading competency of an enterprise, 89 per cent of this year's survey respondents indicated that the procurement function has grown more strategic over the past three years. Procurement's continued stride forward is also evidenced by the fact that nearly a fifth of all CPOs now report to the president or CEO of their company.

Globalization, compliance pressures, supply market risk and procurement automation have simultaneously elevated the procurement discipline within companies and increased supply management challenges. In response, procurement executives have established a clear agenda for organizational transformation. These plans incorporate activities to bring more spend under management, enhance the procurement organization's skills and visibility, and increase both internal and external collaboration.

Famous CPOs John Paterson, CPO IBM

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Publications covering the CPO www.purchasing.com www.cpoagenda.com www.supplyexcellence.com www.sdcexec.com

Analysts covering Procurement and the CPO Andrew Bartolini - http://www.aberdeen.com/about_us/analyst_bios/bartolini.asp Vance Checketts - http://www.aberdeen.com/about_us/analyst_bios/checketts.asp Mickey North Rizza - http://www.nesupplychainconference.org/present/Bios/NorthRizzabio.asp Pierre Mitchell - http://www.answerthink.com/04_news/01_press/pr_2004/pr_12062004_01.html

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