When was the last time you read your job description? Yes, it lists minimum expectations. But, do only what’s required and your value will soon fade away like the writing on old parchment. Procurement should take note.
CPOs rightly like to think of themselves as change agents, transforming their companies with new supply chain strategies that add value and, hopefully, revenue. But there is another meaning to the term change agent that’s just as important...
Big data is a big deal in business. But, at least according to consultancy Accenture and more than a few CPOs, procurement has been slow to take advantage of the potential that big data and analytics offer.
Companies of all stripes face an unprecedented number of risks today, ranging from natural disasters, to political turmoil, to cyber threats, to quality slip-ups, to supplier financial problems and more.
Marcell Vollmer, COO of Ariba, an SAP company, tells a story about how, during the course of one internal meeting, he discovered that he was the only participant who believed that procurement can and should take on a more strategic role in organizations.
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