The Chief Financial Officer (CFO) and the Chief Procurement Officer (CPO) both aim to improve the bottom line but with a different approach and language. This report looks at the relationship of Chief Financial Officers (CFO) and Chief Procurement Officer (CPO) through the eyes of the financial and procurement professionals who work for them.
78% of CFOs now view the impact that procurement has on enterprise’s competitiveness position as positive. The CFO's "view" of procurement has improved over the last two years, help immensely by the CPOs ability to help defend margin by delivering cost reductions. CFO's in 2009 are 71% more likely to view the CPO as having a "very positive" impact on competitiveness than CFO in 2007.
- What CFOs feel is Procurement's Impact on Competitiveness?
- What Actions require to achieve Best-in-Class performance?
- How Procurement can Act to Assist the CFO?
- Benchmarking Requirements for success.
- Best-in-Class Strategies.