Bill Michels, Keynote
How to Survive the Short Organizational Lifespan of the CPO
The traditional employer-employee relationship has changed significantly over the past twenty years causing average job tenures to shrink dramatically. In fact, Ardent Partners’ research has shown that more than 50% of all procurement professionals have been with their employer for less than five years. Other studies confirm this short life; your own network probably does, too.
There are ever increasing expectations that CPOs will deliver continuous cost and value improvement, align with multiple business units and objectives, service the business in a matrix organization structure, manage myriad stakeholder demands, work globally across borders, accelerate speed to market, integrate the supply chain and manage merger and divestiture activity.
The longer the CPO is in place on the job, the more difficult it is to rejuvenate and create new strategies to continue the generation of continuous cost reduction, which is still the primary measurement in many businesses. As new initiatives become increasingly important, the organization expects the CPO to be proactively ahead of the curve on programs like risk management, sustainability, re-shoring, big data strategies, best country sourcing and leaning out the supply chain.
What can be done to prolong the lifespan of the Chief Procurement Officer? Industry leader, Bill Michels, CEO of Arripart presentation provides 10 key strategies for survival.
Comments are closed.