The 2024 Annual ProcureCon CPO Report
46% of respondents claim their CPO now plays a bigger role in high-level decision making.
The role of the Chief Procurement Officer (CPO) is increasingly crucial in today’s business landscape. Beyond procurement, CPOs drive strategy, technology, and sustainability initiatives. However, they also face challenges including supply chain disruptions, inflation, and market volatility.
In this exclusive Arroyo Strategy-sponsored report, supply chain, procurement, and risk management leaders from leading companies across the US and Canada, were surveyed to create forward-looking and actionable insights related to the evolving role of the CPO and the unique challenges and opportunities that procurement leaders encounter in managing processes, implementing technology, and more.
- Process improvement, supply chain disruption, and technology top the list of focus areas for CPOS in 2024
- Sustainability goals are somewhat closely linked to procurement KPIs for 64% of respondents
- Cost reduction takes priority for over half of the surveyed professionals in the coming year
If you’re a procurement professional seeking fresh tools and tactics to enhance your strategic decision-making, this report is a must-read.
