The 5 Things CPOs Need To Do to Succeed in the Digital Age (Sourcing Solved excerpt)

Posted on December 13, 2019

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One of the first articles I wrote after starting the Procurement Insights blog back in May 2007 was on the CPO Agenda roundtable discussion. The roundtable, which brought together top execs from global companies delivered many exciting and thought-provoking insights.

Of these, the comment that stood out the most and garnered the most offense among my readers was the general consensus that “one” strategic thinker, was worth more than “ten” everyday, run-of-the-mill buyers.

Of course, at the time, the definition of a strategic thinker was ambiguous because as some procurement pros put it – it is hard to be strategic when you are an adjunct function of finance whose only mandate is to get things at the best price. Hard to argue with that point.

However, jump to 2019, and the shackles of the past no longer exist – at least not to the extent that they did 12 years ago. What this means is that procurement professionals – including those in a position of leadership, must lead the transformation of their organization’s global supply chain.

It is within this context that the Sourcing Solved article How to Succeed as a CPO in the Digital Age┬áis a worthwhile read. Especially when you consider the findings from an industry study indicating that “83 per cent of organisations report that they have had trouble recruiting suitable candidates in the past 12 months.” What this illustrates is that the need is great, but the supply is short – or at least it appears to be.

Perhaps the real issue isn’t due to a paucity of talent but maybe hidden talent. In other words, the right people are out there, but they are not showcasing the skills they have to be in alignment with market needs.

That said, here is the link to the article. After you read it, let me know what you think of the 5 recommended things CPOs must do to get hired and succeed.

 

 

Posted in: Commentary