senior vice president, chief procurement officer, Global Sourcing. We promise! 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. Senior Vice President and Chief Procurement Officer. University of Vermont: Bachelors Degree, Political Science and History What & Who is a Chief Procurement Officer? about us, and our long history of helping companies just like yours. He has streamlined processes in the supply chain as an alternative to asking suppliers to cut their margins. Where the best opportunities for savings are in indirect spend. Theyve largely been successful at that, said Alex Zhong, supply chain lead at IBM Sterling, and it can be seen especially in the lower cost of consumer goods. Beyond the educational requirements, CPOs must have experience working in purchasing and procurement departments, have excellent communication skills, and decision-making skills. His work evolved from projects in manufacturing and maintenance in the early 90s to the global responsibilities he manages today as Executive VP Contracting & Procurement. Organizations need people who can prove theyve been able to transform companies theyve worked with in the past. Browse hundreds of articles, containing an amazing number of useful tools, techniques, and best practices. Chief procurement officer jobs will always be looking for leadership skills. Some organizations give the CPO an alternate title, such as assistant vice president for procurement. These plans incorporate activities to bring more spending under management, enhance the procurement organization's skills and visibility, and increase both internal and external collaboration. In 2020, she was honored as one of B2Gs 100 Most Influential Women in Supply Chain. However, there are a few CPOs that refute that glass-half-empty mindset and prove that you can apply innovation while still maintaining a cost-effective orientation. Leadership. [1] She works to build open relationships with her team and suppliers to discuss areas that need development. 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. He has also been ilinked to research and new business acquisitions in his time at Shell. Prior to joining Delaware North, Harrington spent more than eight years as chief procurement officer at M&T Bank, a leading super-regional financial institution based in Buffalo. Lowering the cost of supply is achieved through what Shell deems Enterprise Category Management. He built his career at IBM, however, where he spent 20 years, eventually rising to the role of Director of Global Hardware Procurement. 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. This site is maintained by OIT. How to gain visibility and control of your indirect spend. The role of the chief procurement officer is changing. You wont handle all the purchases but will focus on the ones that are high cost or involve one of your strategic partnerships. 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. In response, procurement executives have established agendas for organizational transformation. CPOs must also work to make sure procurement policy and procedure adhere to internal and external compliance guidelines be they for government requirements for supplier diversity (to avoid discrimination against women-owned and minority-owned businesses), or company initiatives for ethical procurement and corporate social responsibility. 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. She also served eight years as the VP Global Procurement at Oracle Corporation. Follow @alexmassalopezz on Supply Chain Digital is the digital community for the global supply chain & logistics industry that connects the world's largest supply chain & logistics brands. Procurement is a business function focused on supply management, which by default includes sourcing beyond day-to-day supplier management and transactional activity. Industry: Consumer Goods Its these like-minded individuals that will set the procurement standards of the future and pave the way for others to follow. The procurement policies and procedures determine which purchases require procurements input, and which ones are handled by end users. 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. They may be in charge of the contracting services and may manage the purchase of supplies, equipment, and materials. But forward-thinking CPOs have already moved past the bottom line and "saw that only focusing on cost is definitely not sufficient. The next generation of CPOs will be called upon for innovation, digitalization and to help steer the organization through volatility and complexity. 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. 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. [3] The survey found that: Learn how and when to remove this template message, "Survey uncovers major procurement skills gap", List of business and finance abbreviations, https://en.wikipedia.org/w/index.php?title=Chief_procurement_officer&oldid=1009274811, Articles lacking in-text citations from March 2018, Creative Commons Attribution-ShareAlike License 3.0, making sure that vendors are paid in a timely manner, The average career length to date of a CPO was 22 years, The youngest CPO in their survey was aged 35, This page was last edited on 27 February 2021, at 18:12. 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. 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. 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. A chief procurement officer and his or her department will often be responsible for: Some CPOs are in charge of locating sources for supplies and services, and of maintaining relations with suppliers and vendors. The procurement policies and procedures determine which purchases require procurements input, and which ones are handled by end users. Northern Kentucky University: Salmon P. Chase College of Law, JD , Law Prior to joining Starbucks, Kelly gained broad experience in packaging, product development, manufacturing, and project management at Macys, Bensussen Deutsch, Cranium and Hasbro. Stay up-to-date with news sent straight to your inbox, Sign up with your email to Alexandra is passionate about talent development, building deep business partnerships and teams, and serving our communities. In startup operations and smaller companies, the team typically only includes a few procurement professionals. For questions or concerns, please contact the OIT Support Center. Since joining Delaware North in April 2017, Harrington has led a transformation of the procurement function by launching a strategic sourcing group, an enterprise procurement-to-pay platform and a category management approach. In his role, he leads all of Delaware Norths $1 billion annual global procurement program while overseeing. 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. Chief Digital Officer (CDO) Projects as CPO: Linton has transformed purchasing at LG into a much more strategic, agile function. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that youve provided to them or that theyve collected from your use of their services. [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. It also added: 'For the average department, opportunities for improvement abound'.[2]. Name: Stijn van Els Contract management, category management, data analysis and presentation expertise were rated as average by CPOs, with no competencies achieving a good or excellent rating. The report said there was a 'picture of a very middle-of-the-road set of skills residing within the typical procurement department'. 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). Company: Proctor & Gamble Education: Education: source: Russell Reynolds Currently, the most common leadership traits in procurement are acting as a role model, collaborating internally and externally to deliver value and delivering results. Company: LG Electronics "The CPO is the man or woman who manages that entire organization." 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. She enjoys running, traveling, and spending time with her family. Chief Information Officer (CIO) Career History: Hughes began his career with P&G in 1982 as a purchasing manager. Procurement is a business function focused on supply management, which by default includes sourcing beyond day-to-day supplier management and transactional activity. Procurement activities at Shell often range from major equipment for platform and refineries to confectionery for retail stations. It also helps if theres a proven track record of collaboration with other business functions, such as IT, HR, finance, and legal. Harrington earned an MBA at the University of North Carolina at Chapel Hill and a bachelors degree at Rochester Institute of Technology. While it is most common for the CPO to report to the CEO, its also possible to the CPO will report to the chief operating officer, chief financial officer (CFO), or another senior vice president position. Hughes has helped improve the return on marketing and advertisement investments, which is an area that P&G spends about $7.5 billion on, including around $1 billion in agency fees. He also began overseeing corporate retail initiatives to better align them within category management. They may be in charge of the contracting services and may manage the purchase of supplies, equipment, and materials.. We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. 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. This area is reserved for members of the news media. Many industries employ procurement officers, from small companies to global organizations. New roles are being introduced to the firm, and talent with an, Include Procurement in Strategy Process: For strategic procurement to truly work, it is vitally important that procurement teams are involved in the early stages of overall, Optimize Working Capital: Given that procurement teams work directly with suppliers, they are in a strong position to influence their organizations strategic procurement process through the management of, Utilize Technology to Reduce Costs: Establishing cost saving opportunities has always been a fundamental part of procurement and amongst the top priorities for businesses. He oversaw the initiative to establish processes, governance and internal capabilities to support these efforts with a planned, disciplined and data-driven procurement approach all focused on driving increased value and savings for Delaware North by leveraging the companys scale and strategic supplier relationships. 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. 2022 Starbucks Corporation. Hughes was assigned to General Manager of Corporate Purchases in 2001, and he assumed his present position as Chief Purchasing Officer in 2004. 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. Her executive experience covers a broad spectrum of functions and verticals including operations, sales, marketing, strategic planning, finance, supply chain, transportation, logistics, and banking.
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