The CPO Role Shift: Are You Ready?

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Himanshugupta
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Supply Network Guru
Re: size matters
Himanshugupta   6/29/2014 2:13:33 AM
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@FlyingScot, if a company is involved in physical product development then procurement department is key though i agee that the role of a CPO may not be that critical until a company attains a critical mass. Apart from building a strong supply-chain, the procurement department plays a crucial role in making a bridge between the suppliers and the finance department in case there are financial troubles in the company.

Hailey Lynne McKeefry
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Blogger
Re: holdups?
Hailey Lynne McKeefry   6/27/2014 7:28:38 PM
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@Hospice, I think that may be true in smaller organizations, but there's plenty of room for a CPO in big organizations.

Hailey Lynne McKeefry
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Blogger
Re: holdups?
Hailey Lynne McKeefry   6/27/2014 7:27:50 PM
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@Mimanshugupta, I agree.... at the very least, there needs to be solid translation from purchasing and supply chain speak to real business dialog. No one in the boardroom takes things seriously unless they understand what it means in a basic business sense.

FLYINGSCOT
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Supply Network Guru
size matters
FLYINGSCOT   6/27/2014 12:05:51 PM
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What size of organization warrants a CPO?  It is hard to imagine smaller companies needing this title.

Hospice_Houngbo
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Supply Network Guru
Re: holdups?
Hospice_Houngbo   6/27/2014 11:15:55 AM
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I think in most companies the CPO's role can rightly be fulfilled by the CFO and there will be no need of creating an autonomous procurement department.

Himanshugupta
User Rank
Supply Network Guru
Opportunities for analytics or BigData
Himanshugupta   6/27/2014 1:13:22 AM
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Dear Diptarup, what are your thougths on opportunities available for BigData in procurement especially after globalization. Have companies already applying optimization, forecasting etc techniques and are there areas where such techniques can be useful.

Himanshugupta
User Rank
Supply Network Guru
Re: holdups?
Himanshugupta   6/27/2014 1:09:14 AM
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@Hailey, i think that the biggest challenge for CPO is to show the strategic and financial benefits to the board. Today the problem for procurement is not much about finding the suppliers or negotiate but the supply chain optimization, contractual obligations, capacity management, inventory management etc.

Hailey Lynne McKeefry
User Rank
Blogger
holdups?
Hailey Lynne McKeefry   6/26/2014 11:40:40 PM
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What do you think the biggest challenges are in organizations that are trying to make the shift to understanding the strategic importance of the CPO role?



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