What are good CPOs doing right now?
The emerging playbook of what CPOs should be doing during a crisis … Having written last week on what procurement teams are doing right now it seemed logical to ask the follow up question: what are CPOs doing right now? What then, specifically, are procurement leaders working on, prioritising and thinking about at the moment, in the midst of the Covid-19 crisis? Fortunately, despite Chatham House Rules, we can share some insights directly from the first three “CPO Coffee Club
Procurement in a crisis
Most procurement people are working safely from home right now … busy as always, but also embracing all the opportunities and challenges of WFH. But, what, exactly, are they doing? Anecdotal evidence this last two weeks or so, suggests that they are doing one of FIVE things …. Securing vital supply lines for their organisations – mostly DIRECT supply lines, raw materials or critical services. Or sourcing tight specs from new suppliers. One CPO explained their factory in China
The dual opportunity for Procurement & its stakeholders… Better Contract Management; both now an
The previous two articles addressed procurement stakeholders and their direct needs, and the balances with corporate needs that procurement sometimes have to apply. One area that both groups can both focus upon profitably is contract management, both in the longer run, but also during a crisis writes Jonathan Dutton for Supply Clusters members. Building a control framework around maverick stakeholders, even compliant ones for that matter, is only ever half the answer to spend
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