Are you one of those CPOs who scoffs at the mention of a digital dashboard for procurement? Do you think that the procurement function should leave financial data to the team across the hall? That spreadsheets are the ultimate in technology and cloud computing just vapourware? If so, you risk relegating your organisation to the bottom quartile of earnings-per-share performance.
Got your attention?
Recent research reveals a consistent trend between EPS performance and the adoption of modern systems. Those CPOs that invest in the latest technologies, that implement new concepts, tools and techniques and have their minds open to the latest tools, regularly find themselves in the top quartile of performance.
This is The Financial CPO.
We take procurement professionals on a journey through the tools, technologies and techniques that are being used by world-class organisations. How is EPS performance being affected by procurement and what role does technology have in this? What about return on invested capital (ROIC)?
Between now and the end of 2013, we will produce a series of in-depth articles and research in an effort to explore what separates leading organisations from laggards, and what CPOs need to do to ensure they make the greatest positive impact on their organisation.
You can subscribe to our series here and join in the conversation on Twitter using the hashtag #thefinancialcpo.