Tim Cook is arguably one of Procurement’s best ambassadors. Steve Jobs hired Cook in 1998 to transform Apple’s procurement and supply chain operations; he then went on to become the CEO. What are the chances of a CPO becoming a CEO?
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Procurement professionals can introduce a generalist approach with the aim of maintaining a balance in the people-process-system trinity.
Ask 10 different CPOs to rate their procurement functions, and you will end up with 10 different answers. This is largely because of disproportionate focus on cost savings. A balanced approach is required.
L&D is a technology-driven segment and does not provide much cost savings by operating in-house. So what is the best sourcing model?
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