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CPO Rising: The CPO's Agenda for 2008


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Industry Research > 04/29/2008
Procurement

The year 2008 is the year of the CPO, based upon the data reported to Aberdeen by 350 survey respondents analyzed in this new benchmark report. Historically, procurement professionals have operated without fanfare within the administrative structure of the organization.

The CPO on the rise is based upon demonstrated competence: Best-in-Class companies have placed 70% or more of their spend under management. CPOs and procurement departments can adopt and expand technologies and sustainable practices, such as improving internal collaboration and systems sharing; improving supplier relationships; adopting a center-led procurement strategy; and considering Low-Cost Country Sourcing (LCCS). This report addresses many more issues facing the contemporary CPO.