Insight for CPOs: How Might CEOs Address Procurement’s Failings? [Plus+]
In Part 1 of this series, Peter Smith, managing director of Spend Matters UK/Europe, discussed the new Proxima graphic e-book titled “Drowning not waving – how Corporate Virtualization has got business leaders out of their depth… And where the real opportunities lie.” Peter believes that the empowerment of the budget holder and business stakeholder, giving them a greater role in the overall procurement process, and the emergence of a consequent stronger commercial capability across the organisation, will be the most significant development in the procurement world over the next 10 years (in terms of strategy and organization at least). That of course will have some major implications for procurement functions and people – but it’s a topic for another day. In this Spend Matters Plus research brief, Peter gives four reasons why he is confident in his prediction.