The Big Picture: business alignment – securing investment in procurement

Corporate boards across the globe are looking to transform their organisation, both digitally and through reskilling/retaining talent, as well as meeting environmental, social and governance goals, while growing in a world that, while volatile and fragile, is full of opportunity. So, where does procurement fit in?

Yet, despite CPOs aspiring to improve and develop team skills and talent, reduce supplier risk and improving sustainability performance, savings remain by far the most important metric by which the function is measured. Clearly, there is a gap between what procurement does and external perceptions of purchasing teams.

CPOs can easily find themselves entangled in operational and transactional concerns. Influencing the organisation’s strategy direction requires a plan and a compelling message – one that fits the board’s strategic aims.

Download The Big Picture: business alignment – securing investment in procurement to gain insight into the following areas:

• The impact of CPO reporting lines on the function's ability to speak out at the board level
• The role of automation and digitalisation in elevating the function
• A five-step plan for securing investment in procurement