The need for efficient sourcing of goods and services for today’s global businesses has made the role of the Chief Procurement Officer more important than ever before. The CPO is faced not only with supplier and spend-management issues, but intensifying needs to tackle commodity risk and talent acquisition. Today’s CPOs are increasingly influential in corporate management and critical to sustained growth.
The 2015 Global Procurement & Strategic Sourcing Data Survey was developed in connection with an invitation-only event hosted by Consero Group in January 2015 for Chief Procurement Officers from Fortune 1000 companies. While the survey was limited to 55 participants, the findings provide valuable insight into the challenges and opportunities presented to this group of senior corporate executives.