In today’s challenging economic environment, the role of the Chief Procurement Officer has never been more important, and it has never evolved more quickly. Steady economic headwinds have transformed the procurement function into a role more focused than ever on internal and external partnerships that can contribute to the organization’s bottom line. No longer simply the corporate purchasing branch, the procurement department is now a key component of the corporate strategic operation and overall vision.
Throughout 2013, Chief Procurement Officers faced increasing internal pressures and unpredictable external challenges. As these trends continue into 2014 and beyond, these executives will require more innovative tools and strategic practices to remain key contributors to the success of their enterprises.
This survey was developed in connection with an invitation-only event hosted by Consero in July 2013 for a group of Fortune 1000 Chief Procurement Officers. While the survey was limited to 42 participants, the answers provide some useful benchmarking data, as well as valuable insight into the perspective and concerns of this group of senior executives.
Consero’s Fall 2013 Procurement & Strategic Sourcing Survey comprised a total of 11 questions in the following areas:
The questions were posed to Fortune 1000 Chief Procurement Officers in connection with Consero’s invitation-only July 2013 Procurement and Strategic Sourcing Forum in Denver, Colorado. A total of 42 responses were provided, yielding data that appears with brief analysis on the pages that follow.