Chief procurement officer

A chief procurement officer (CPO) is an executive role focused on sourcing, procurement, and supply management for an enterprise. A chief procurement officer (CPO) is an executive role focused on sourcing, procurement, and supply management for an enterprise. 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. In response, procurement executives have established agendas for organizational transformation. 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. A chief procurement officer (CPO) typically is the executive of a corporation who is responsible for the management, administration, and supervision of the company’s acquisition programs. They may be in charge of the contracting services and may manage the purchase of supplies, equipment, and materials. It often is his or her responsibility to source goods and services and to negotiate prices and contracts.