July 11, 2017
Redefining the role of the CPO
Shedd Aquarium- Chicago, IL
What Our Members Are Saying:
PERT- Procurement Executive Round Table
It is time to acknowledge that if we keep doing what we have been doing, we are never going to get to the C-Suite. We must therefore re-define the role of the Chief Procurement/Supply Officer. Join a number of your colleagues for this provocative workshop to reshape your thinking about a new role which will require a different set of skills and competencies. We think there are four key business Value Drivers that are not typically part of the Procurement / Supply executives’ agenda but need to be.
REVENUE: For far too long, we have focused exclusively on the bottom line and tried to maximize that through lowest price/cost. I think by now we all agree that has trapped us into a box and very few of us have been able to escape that box – successfully. It is way beyond time to start looking at the top line (revenue) and identifying how we can impact that.
CORPORATE RISK: While we have made advances in better managing supply chain/supplier risks, we have not extended that capability to help manage overall Corporate Risk – and it’s not that big a leap.
MARKETING: Most of the efforts we see in dealing with a CMO (Chief Marketing Officer) are directed at reducing their costs in terms of what they buy (print, advertising etc.) as opposed to their more strategic Value Drivers (market penetration, brand awareness, etc.).
STRATEGIC WORKFORCE PLANNING: Our efforts in this have been limited to standardizing job descriptions and rate cards to make sure we are getting the lowest rates from personnel providers (temp. firms, engineering services, IT staff augmentation etc., etc.) as opposed to asking the hard questions around our workforce needs (both internal and external).
These are but a few (yet very critical) Value Drivers that are available for us to take advantage of on our road to the C-Suite. We will take a different approach to these Value Drivers to redefine the role of a CPO!!
Who Should Attend
This is a peer-to-peer organization and as such, you must be a Senior Procurement Executive (Director or above) within your organization to attend.
PERT (Procurement Executive Round Table) is a collaborative, “members-only” group comprised of senior executives from Fortune 1,000 organizations. The group is a peerto- peer organization that meets quarterly to share ideas in a forum setting. Each member brings expertise and varied talents to the group which allows all members to benefit from participation. PERT addresses major Global Sourcing and Supply Chain challenges such as:
If you would like more information please email us at: firstname.lastname@example.org
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The Mpower Group is in the business of Mpowering our clients to accelerate superior business outcomes by unleashing the full potential of their Strategic Sourcing / Supply Chain organizations. We are a global consulting firm dedicated to serving the needs of Fortune 500 Strategic Sourcing & Supply Chain organizations.