Chief Procurement Officers are tasked with establishing and managing a rigorous procurement function that aligns with corporate strategy and fuels profit while also managing costs. CPOs must overcome various challenges facing their departments from talent development and retention to accessing key technology tools and metrics that drive change to mitigating contract and vendor risk. In light of the evolving responsibilities for CPOs and their interest in benchmarking and other relevant information, Consero Group has conducted the following survey to gauge perceptions and thoughts from these industry leaders.
This Procurement & Strategic Sourcing Data Survey was developed in connection with Consero’s July 2015 Procurement & Strategic Sourcing Forum for Chief Procurement Officers. While the survey is limited to 47 participants, these data provide valuable insight into the departmental challenges and opportunities of corporate procurement executives for the year to come.