Name: Tom Linton C-Suite This includes working with internal stakeholders from initial needs identification to final goods and services delivery. Instead of the CPO being a mostly technical role, artificial intelligence and machine learning have automated many rote procurement processes, such as vetting vendors and negotiating prices. CPOs must navigate a complex web of, Digital Advancement: While prospects of a digital transformation in procurement look promising, the reality is that most organizations have not yet captured the opportunities those tools will deliver. Company: Proctor & Gamble CPOs of the future need the skills to address the following areas: Embracing the new direction of the CPO is no longer an option due to the competitive forces in every industry today. Contract management, category management, data analysis and presentation expertise were rated as average by CPOs, with no competencies achieving a good or excellent rating. In many ways, the most important working relationship in an organization is that of the CPO and CFO. Mr. Fiore has an extensive background in procurement with more than 40 years of experience leading procurement organizations at large global enterprises, including previously being Ryders CPO from 2002-2005. What & Who is a Chief Procurement Officer? george procurement lewis chief contracts dgs Certified Public Accountant More strategy, collaboration, and perhaps diversity and inclusion lies ahead for this expanding, and increasingly important, role. ESG In Supply Chain: Creating a Sustainable Value Chain, How Strategic Procurement Can Give You a Competitive Advantage, ESG Procurement: Sustainability Through Procurement Strategy. elior Its also beneficial because as Campbell put it, When you start exporting talent, you also become a magnet for talent. Education: She shows this commitment by serving as Board Member and Past President for the YWCA, a Silicon Valley non-profit community service organization, providing programs and services to women and girls. You must be able to negotiate with suppliers and be prepared to use those skills for large deals. His first procurement position was director of indirect procurement at Warnaco in New York City. Generally, the purchasing department must play a role in any complex, long-term, or expensive purchases, while end users are allowed to handle one-off transactions that are simple and low cost. Instead, they function as part of an enormous global network. University of Washington: Bachelors degree, Accounting Education: In his role, he leads all of Delaware Norths $1 billion annual global procurement program while overseeing. Globalization, compliance pressures, supply market risk, and procurement automation have simultaneously elevated the visibility of the procurement discipline within companies and increased supply management challenges. Cloud eProcurement and spend management company Wax Digital surveyed over 100 CPOs in 2013. Tomorrows CPO: New Responsibilities and Opportunities, How Technology Helps CPOs be more Strategic, 5 Ways CPO and CFO Relations Can Fuel Strategic Procurement, balanced procurement performance scorecard, invest in the correct talent and training, https://cio-wiki.org/index.php?title=Chief_Procurement_Officer_(CPO)&oldid=8937, Innovation: The procurement function is becoming more strategic, and CPOs need to fill those bigger shoes. These definitions are both vague and redundant because the procurement industry lacks common definitions. That has allowed the CPO job to become a more a "qualitative or communication or a leadership function," said Abe Eshkenazi, CEO of the Association for Supply Chain Management. case studies, client success stories, and testimonials. Twitter. Supply Chain Digital focuses on procurement and supply chain news, key interviews, supply chain videos, along with an ever-expanding range of focused procurement and supply chain white papers and webinars. He has 30 years of Global Supply Chain and Procurement experience. Globalization, compliance pressures and other factors have triggered a trend toward centralization of the procurement function for the purposes of standardization and leverage. It also added: 'For the average department, opportunities for improvement abound'.[2]. Its these like-minded individuals that will set the procurement standards of the future and pave the way for others to follow. Some larger enterprises, particularly those dealing with global procurement, may require a masters degree in any of the following: business, finance, supply chain management, or procurement. about us, and our long history of helping companies just like yours. Projects as CPO:Hughes took on what was already an active internal cost management program at P&G, but he has helped instill a new, company-wide system that focuses on whats measurable and deliverable. officers pgecorp She also served eight years as the VP Global Procurement at Oracle Corporation. The procurement policies and procedures determine which purchases require procurements input, and which ones are handled by end users. University of Vermont: Bachelors Degree, Political Science and History Kelly attributes much of her success over the years to her ability to create flexible, high-functioning, and creative teams that unlock possibilities through shared value relationships, cross-functional collaboration, autonomy, and supply chain management excellence. How to report and analyze indirect spend to identify savings opportunities. This means developing a procurement strategy based on strategic sourcing, helping purchasing staff with the evaluation and selection of suppliers, overseeing, and occasionally participating in contract negotiations. Projects as CPO: Reed Elsevier is a world-leading publisher and provider of professional information solutions in the science, medical, legal, risk and business sectors. This means the CPO is the highest-ranking person in the company with the authority to influence the supply and the spending required to acquire the supply, throughout the entire company. Florida Institute of Technology: MBA , Business, 1981 Generally, the CPO reports directly to the [chief executive officer] CEO of a company., And according to Wikipedia, a CPO is, typically the executive of a corporation who is responsible for the management, administration, and supervision of the companys acquisition programs.

Typically, they also are constantly in search of better quality products and better prices. Prior to Cisco, Alexandra held executive leadership roles at Fortune 500 companies, including Kaiser Permanente and Hewlett Packard where her focus was on financial and strategic planning and serving as the procurement subject matter expert for key acquisitions. He built his career at IBM, however, where he spent 20 years, eventually rising to the role of Director of Global Hardware Procurement. He has streamlined processes in the supply chain as an alternative to asking suppliers to cut their margins. CPOs are expected to have a bachelors degree at minimum, usually in either business or finance. Name: Rick Hughes For questions or comments regarding this page, contact helpdesk@alaska.edu |, If you have updates or corrections for this site, contact, Special Assistant to President- Kerynn Fisher, Associate General Counsel - Andy Harrington, Associate General Counsel - Rachel Plumlee, Chief Human Resources Officer - Memry Dahl, Director Employee Transition and Benefits - Heather Arana, Director Talent Acquisition - Glenn Gambrell, Director of Labor and Employee Engagement - Tara Ferguson, Director Alaska 529 and UA Scholars - Lael Oldmixon, Interim Chief Information Technology Officer- John Boucher, Executive Director of User Services - Martha Mason, Executive Director of Application Services - Jasmin Davis, Executive Director of Infrastructure & Cloud Services - Mike Brase, Executive Officer & Manager Business Office & Project Management - Steve Meckel, Chief Information Security Officer - Sean Hagan, Associate VP of Public Affairs - Robbie Graham, Director of Federal Relations - John Latini, Director of State Relations - Chad Hutchison, Director Planning & Budget - Alesia Kruckenberg, VP Academics Students Research- Paul Layer, Associate VP of Workforce Development - Teri Cothren, Director Data Strategy and Institutional Research - Gwen Gruenig, Chief Equity and Compliance Officer - Mary Gower, Sr. Advisor for Alaska Native Success, Institutional Diversity and Student Engagement - Memry Dahl.

king For questions or concerns, please contact the OIT Support Center. Many of their priorities and financial responsibilities overlap and if both Finance and Procurement are to be successful in achieving their goals, strong collaboration between both must exist. You must be able to focus on the needs of a customer, anticipating them ahead of time when and where possible to manage risks and effectively handle supplier relationship management. Additionally, the teams activities addressed all sectors of Ryders supply chain by championing a fact-based, data-driven process to establish future key supplier relationships. Learn more about UA's notice of nondiscrimination. Campbell has the background, and more importantly the mindset that is required of a procurement executive. if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[970,90],'cio_wiki_org-large-leaderboard-2','ezslot_9',119,'0','0'])};if(typeof __ez_fad_position != 'undefined'){__ez_fad_position('div-gpt-ad-cio_wiki_org-large-leaderboard-2-0')}; Technology Helps CPOs be more Strategic[3] nuscale officer You must be familiar with laws and regulations around procurement in general, and specific to the industry youre handling procurement for. These definitions are both vague and redundant because the procurement industry lacks common definitions. Director of Procurement and Contract Services. LG estimated that Lintons proactive response resulted in well over $1 billion in savings. If you have updates or corrections for this site, contactmmusick@alaska.edu. ncoda panikkar rajiv Ever better is a trademark of Ryder System, Inc. Copyright 1996 - 2022 Ryder System, Inc. They still have to deliver cost savings, improve working capital, and preserve supplier viability, but they have to do so in a way that helps them gain a competitive edge over the others in their respective industries. reginald Supply Chain Digital is the digital community for the global supply chain & logistics industry that connects the world's largest supply chain & logistics brands. decandia It is often his or her responsibility to source goods and services and to negotiate prices and contracts. Her executive experience covers a broad spectrum of functions and verticals including operations, sales, marketing, strategic planning, finance, supply chain, transportation, logistics, and banking. Kelly Bengston is senior vice president, chief procurement officer. It used to be an area that focused on three core values: cost, quality, and supply. This means understanding the overall business drivers, having a longer-term view and innovating the way the function is running. Chief Technology Officer (CTO) In a lot of companies, all procurement decisions ultimately end up at the desk of the CPO. As a volunteer, Mr. Fiore also is the chair of the Institute for Supply Management Manufacturing Business Survey Committee (PMI). source: Russell Reynolds deakin Industry: Oil & Gas New technologies could reshape what current procurement teams look like and how the procurement organization is structured. He held a variety of purchasing positions over the years, and even spent two years in sales with P&Gs soft drink division. Mr. Fiore holds a masters degree in business administration with a technology focus and a master's in management from Rensselaer Polytechnic Institute, as well as a bachelor's degree in history from the University of Massachusetts in Amherst. Thats especially true for "multinational companies where they need someone to stand at the intersection between what we need internally and whats available externally," he said. Career History: After obtaining a degree in physics from Delft University, Stijn immediately joined the Shell workforce and he fits the mold of the typical work-your-way-up-from-the-bottom success story. This means the CPO is the highest-ranking person in the company with the authority to influence the supply and the spending required to acquire the supply, throughout the entire company. [1]

if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[336,280],'cio_wiki_org-medrectangle-4','ezslot_3',128,'0','0'])};if(typeof __ez_fad_position != 'undefined'){__ez_fad_position('div-gpt-ad-cio_wiki_org-medrectangle-4-0')}; Evolving CPO Role: New Responsibilities and Opportunities[2]

Company: Reed Elsevier LG spends more than $40 billion annually on materials, and Linton helped realign the purchasing system by commodity across five different business units, which were separated among factories and subsidiaries in 110 countries. Most recently, Kelly served as vice president of Starbucks Global Supply Chains Strategy & Deployment team, a new team created under Kelly to support Starbucks supply chains aspirations of becoming digitized, strategically aligning resources against priorities and building capabilities through long-term capacity planning and supply chain intelligence. Stay up-to-date with news sent straight to your inbox, Sign up with your email to According to Business Dictionary, the Chief Procurement Officer, or CPO, is [An] executive level employee whose responsibilities include sourcing, supply management, and procurement for the company. Prior to her procurement tenure she ran the Dell Global Segment sales force for Europe, Middle East and Africa. Name: Stijn van Els bridgman michael leadership saulsbury In his role, he leads all of Delaware Norths $1 billion annual global procurement program while overseeing its Procurement, Design & Construction, Culinary, Retail and Sustainability departments. In 2020, she was honored as one of B2Gs 100 Most Influential Women in Supply Chain. Stephen Harrington serves as chief procurement officer for Delaware North a position based at the hospitality companys global headquarters in Buffalo, N.Y. Generally, the purchasing department must play a role in any complex, long-term, or expensive purchases, while end users are allowed to handle one-off transactions that are simple and low cost. You must be able to show that youve been able to save a company money, if not just by reducing costs, but also by improving profits through cost avoidance and risk mitigation. Chief Risk Officer (CRO) He leads the global procurement organization across all three Ryder business divisions: Fleet Management Solutions (FMS), Dedicated Transportation Solutions (DTS), and Supply Chain Solutions (SCS). With advancements in technology, increased social awareness and a precarious economy, however, CPOs must now take on a range of responsibilities. Over the course of his career, Mr. Fiore also served as the chief procurement officer of ThyssenKrupp NA where he was responsible for developing and implementing ThyssenKrupps first consolidated North American supply management program. Prior to joining Starbucks, Kelly gained broad experience in packaging, product development, manufacturing, and project management at Macys, Bensussen Deutsch, Cranium and Hasbro. For instance, you can allow clerical and support staff to order their own basic office supplies, while requiring procurement specialists to be involved in purchasing new servers or SaaS solutions that affect company workflow. As a CPO, you must keep an eye on costs, keeping them under control, and doing what you can to reduce them. [1] This survey of nearly 250 CPOs around the world includes a procurement competency matrix, which considered the higher-level skills a purchasing department should have. Alexandra also leads Ciscos enterprise contract workforce strategy and the continuous digital transformation evolution across the holistic operation. The role of a Chief Procurement Officer has become much more complex in todays world. A new Supply Management report published in July 2011 says that "76 percent of chief procurement officers (CPOs) feel the skills of their purchasing staff either 'need improvement' (65 percent) or display a 'significant gap' (11 percent), according to research from Ardent Partners. At Dell, she was responsible for the indirect procurement teams globally, and most recently led the global platforms procurement team from the companys Austin headquarters. Career History: Hughes began his career with P&G in 1982 as a purchasing manager. Often they set up contracts between vendors and the company. In most cases, its usually the innovation that yields the most cost effectiveness anyways. lex sargento aidea She also gives back to her alma mater by serving on the university foundation board and chairing their board development committee. Kelly holds a B.S. It will take years to get to a CPO position, but those who get there will enjoy being at the top of their field. The next generation of CPOs will be called upon for innovation, digitalization and to help steer the organization through volatility and complexity. Alexandra Lopez is Senior Vice President and Chief Procurement Officer of Global Procurement Services at Cisco leading the organization responsible for more than $9 billion annually in FY21 across the companys end-to-end buying ecosystem. Name: Leslie Campbell westfall Company: Royal Dutch Shell Alexandra received the highly coveted Procurement Leader Award from the World Procurement Organization in 2017. According to LinkedIn Economic Graph Research, CPO ranks 11 on the list of fastest growing -C-Suite titles of 2020, with 15% growth (as a proportion of total C-suite hires last year). speakers colin cooper connecticut Elshof College The need for more and more critically thinking CPOs is accelerating, said Pettis Kent, assistant professor of supply chain management at Loyola University Chicago Quinlan School of Business. University of Notre Dame: Bachelors Degree, Business Administration As the CPOs mandate continues to evolve and grow, CPOs will soon need new skills to match. Beyond the procurement function, CPOs will increasingly be called upon to enable digital efforts across the organization, including honing an ability to source in-demand digital products like, Future Ready Teams: Procurement leaders of the future will need to lead a different type of organization. But forward-thinking CPOs have already moved past the bottom line and "saw that only focusing on cost is definitely not sufficient. Carlos de Jesus, Operational Director of APCOR - the Portuguese cork association - on how the vision of people 90 years ago created a sustainable industry, FedEx Express opens new South China centre; Amazon Freight extends 3PL offering; Lufthansa strike averted; New record for DP World London Gateway, Accenture report says that adopting AI at scale & making data central to supply chain operations is the route to resilient value chains in time of chaos. Procurement is a business function focused on supply management, which by default includes sourcing beyond day-to-day supplier management and transactional activity. Alexandra is passionate about talent development, building deep business partnerships and teams, and serving our communities. This page was last edited on 29 April 2021, at 23:11. Procurement leaders need an understanding of how they can capture the benefits of those new tools for their own functions and across the organization. Many CPOs report to a director or directly to the chief executive officer (CEO) of their company. CPOs also have to source materials in a socially and environmentally responsible way, which can mean monitoring the carbon footprints, fuel consumption or labor practices of suppliers.

Ultimately, the procurement function is what develops and executes supply chain management processes, whether the resources used to perform the processes report to procurement or not. Tous droits rservs. They usually negotiate with vendors to get the best prices and deals, utilizing the power of purchase and the economies of scale. In a small company, the procurement officer may work singly, but often there is a team that executes the purchasing for an organization. The length of experience in procurement will vary from job to job, but the MTA position requires 15 years of satisfactory full-time experience in procurement, leading a sourcing function, along with at least five years managing at least 10 full-time resources. Excellent oral and written communication skills may also be necessary. Learn more about UA's notice of web accessibility. Chief Information Officer (CIO) According to Business Dictionary, the Chief Procurement Officer, or CPO, is [An] executive level employee whose responsibilities include sourcing, supply management, and procurement for the organization. Browse hundreds of articles, containing an amazing number of useful tools, techniques, and best practices. In the Spring of 2022, Lopez was named Top 10 Women in Procurement by Procurement Magazine. Your role involves all departments in the company, and you have to be a team player. jerry gray Most notably, Hughes is known for creating an important link with P&Gs Chief Marketing Officer, despite the suggestion that marketing and purchasing dont play nicely together. There is an idea in the procurement industry that businesses are no longer trying to ensure future gains, but instead they are only trying to prevent further losses to stay afloat in a poor economy. They need to step up even more in a strategic position to really support the business growth from a revenue perspective," he said. officer procurement reform quinn paul leading discusses learned officer chief lessons journey steps date Chief Digital Officer (CDO) Whether at a small company or a large one, the chief procurement officer usually provides overall leadership to the purchasing team and ensures that procurement policies and procedures are followed. They may be in charge of the contracting services and may manage the purchase of supplies, equipment, and materials. Education: Chief Marketing Officer (CMO) It frees the CPO up to do risk-scenario planning, reduce total lifecycle and ownership costs, and encourage innovation in procurement and beyond. You wont handle all the purchases but will focus on the ones that are high cost or involve one of your strategic partnerships. Where the best opportunities for savings are in indirect spend. This site is maintained by OIT. This field is for validation purposes and should be left unchanged. berkman elior The position of the chief procurement officer is believed by many to have taken on increased significance in corporations, and the role is thought to have grown more strategic in recent years. Some organizations give the CPO an alternate title, such as assistant vice president for procurement. This area is reserved for members of the news media. They want people who are willing to collaborate across departments to improve company culture, and people who are willing to embrace technology to make procurement processes more efficient and effective. University of Maryland, Munich: AA, Business Her or his staff usually work with the accounting department to ensure that vendors are paid on schedule. Mr. Fiore reports directly to Chairman and CEO Robert Sanchez and is a member of Ryders Leadership Team. The procurement policies and procedures determine which purchases require procurements input, and which ones are handled by end users. Harrington and his wife, Lori, live in Orchard Park, N.Y., with their children, Keenan and Keira. Delft University of Technology: Physics Industry: Consumer Electronics How to gain visibility and control of your indirect spend. Northern Kentucky University: Salmon P. Chase College of Law, JD , Law The size and scope of the organization also affect who the CPO reports to. Follow @alexmassalopezz on Lowering the cost of supply is achieved through what Shell deems Enterprise Category Management. She enjoys running, traveling, and spending time with her family. In this role, Kelly is responsible for enhancing Starbucks enterprise-wide functional strategic sourcing and supplier relationships, creating consistent global sourcing processes, developing a sourcing talent management program and building a values-based approach to working with suppliers across all categories of the business. senior vice president, chief procurement officer, Global Sourcing. His service included Operation Desert Storm. Projects as CPO: Linton has transformed purchasing at LG into a much more strategic, agile function.

receive updates from our blog. Conversely, strategic leadership traits such as positive, Building Ecosystems" Organizations can no longer afford to operate in isolation. Read this article in our digital magazine. Career History: Linton took the position of CPO at LGs headquarters in Seoul, South Korea in January of 2008 after the LG CEO said publically that the company would look for the top talent regardless of nationality. Linton previously served as CPO of Agere Systems, and people know him from his work with E2Open, a leading provider of supply chain management solutions. if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[728,90],'cio_wiki_org-medrectangle-3','ezslot_2',138,'0','0'])};if(typeof __ez_fad_position != 'undefined'){__ez_fad_position('div-gpt-ad-cio_wiki_org-medrectangle-3-0')};Ultimately, the procurement function is what develops and executes supply chain management processes, whether the resources used to perform the processes report to procurement or not. Many industries employ procurement officers, from small companies to global organizations. In addition, he was director of supply chain and non-production procurement responsible for nearly $1 billion in spending with Cadbury Schweppes in New Jersey, and he also served as a senior sourcing manager at Bank One in Columbus, Ohio. Exceptional interpersonal and negotiation skills generally are required of successful chief procurement officers. gallina cfo Fluency in other languages also can be considered an asset, since vendors may be situated in other parts of the world. While they might not have procurement backgrounds, those are things that can be taught, and she believes these employees will become strong ambassadors for the procurement process, while adding cross-functional experience. if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[336,280],'cio_wiki_org-leader-1','ezslot_10',140,'0','0'])};if(typeof __ez_fad_position != 'undefined'){__ez_fad_position('div-gpt-ad-cio_wiki_org-leader-1-0')}; The procurement process is often not an easy one to handle, with several moving parts to consider.