New Hackett research: Spend cost reduction back at the top of the CPO agenda

The Hackett Group has published its latest research into CPO key issues for 2021. “Procurement must continue to focus on its core mission of spend cost reduction,” the report states, “leveraging digital tools and business partnerships to maximize savings. For example, specialized procurement technologies can elevate the strategic sourcing process, and leveraging new data sources can widen the marketing intelligence available to sourcing teams.” It goes on to lay out the top 10 priorities for CPOs this year, with supporting commentary, graphics and call to action. Here's an overview of the main themes.