What is the role of a Chief Procurement Officer (CPO)?
The Chief Procurement Officer represents procurement or commercial at Board level. This person is in charge, for global organisations you may have various regional directors but the CPO is the person who has the financial decision making power.
Ultimately the CPO is ideally reporting to the CEO as a direct report though sometimes the reporting line may be into the CFO. The Chief Procurement Officer is responsible for all expenditure within an organisation and should lead his or her team to reduce cost and add value.
The Chief Procurement Officer provides strategic vision.
In the digital age CPO’s work with internal departments to build capabilities and bridge the procurement digital talent.
- CPOs should use high internal business support to build capabilities in collaboration, talent and digital procurement
- They should worry about long-term partnerships with their key suppliers and the supply chain, the right people need to have the right leadership qualities to sustain
- Keep and nurture talent
- Manage cost and to improve the bottom line
- Manage risk and have mitigation strategies
The CPO needs to act as a leader and should adapt their leadership style whether if its situational, servant leader or visionary, the procurement team wants to have faith that their leader will help them realise their own desires and understand their role within an organisation.
The Chief Procurement Officer will work with other directorates at the senior level to understand their focus and challenges at a strategic level. Direction should be given to direct reports to form relationships to work with internal stakeholders to identify upcoming business requirements. A tender pipeline should be accompanied by strong stakeholder engagement, and a plan for effective market analysis, supplier profiling, category management and technological advances in the marketplace.
The Chief Procurement Officer is responsible for:
MCIPS or Business Degree/ MBA
- A track record of demonstrating leadership skills.
- Ability to influence at Board level
- Commercially sound
- Solid knowledge of accounting and budgeting management
- Deep industry experience and general knowledge of how other departments operate
- Excellent communication, leadership and influencing skills
- Ability to raise procurement profile as centre of excellence
- Strategic mindset and enjoys problem-solving
- Strong analytical skills
- European languages are a plus
- International global experience
10- 15 years in senior supply management/ procurement role in a global organisation or public sector equivalent.