Changing Role of Chief Procurement Officer

Procurement officer works in the field of purchasing and focus on reducing costs for purchased material and services and thus ensuring timely delivery of goods and services. But, now their role is becoming more complex. They need to guard the brand name, use sustainable business practices and find innovative ways to develop new products and services. They also need to adopt a holistic strategy. Procurement officers need to establish collaborative outsourcing and service acquisition models and also need to find & nurture the next generation. Read more at: http://www.industryweek.com/procurement/procurement-2025-10-challenges-will-transform-global-sourcing