Procurement as a function is on a journey toward greater importance and influence. As it evolves beyond its transactional and back office roots, the department is becoming a strategic player focused on total value delivered including supporting revenue goals, reducing total cost of ownership, and improving quality and integration of supply.
However, when discussing procurement’s reporting alignment, it is important to consider what Chief Procurement Officers (CPOs) are responsible for in leading procurement organizations.
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Procurement as a function is on a journey toward greater importance and influence. As it evolves beyond its transactional and back office roots, the department is becoming a strategic player focused on total value delivered including supporting revenue goals, reducing total cost of ownership, and improving quality and integration of supply.
However, when discussing procurement’s reporting alignment, it is important to consider what Chief Procurement Officers (CPOs) are responsible for in leading procurement organizations.