London, United Kingdom – Procserve, the leading UK B2B Commerce Network, has developed a free actionable strategic eProcurement guide for CPOs. The guide highlights the key challenges CPOs face and offers practical advice to issues such as: talent management, supplier consolidation, tail management, innovation, compliance and P2P implementation or optimisation.
The free strategic guide, titled ‘Addressing Your Changing World’, features research from across the sector to provide CPOs with a definitive guide for the top challenges affecting procurement teams today, demonstrating how eProcurement technology can support every aspect of the challenges faced by the modern CPO. This ranges from implementing a simple user interface to retaining and up-skilling existing employees and attracting new talent to the function. While using the data analytics within eProcurement software, organisations can now uncover strategic supplier relations and ways to effectively manage the ‘long tail.’
Discussing the launch of the free strategic guide, Nigel Clifford, CEO of Procserve said: “The procurement sector is in a state of evolution, providing huge opportunity for CPOs willing to adapt and take advantage of the new cycle of innovation we are currently seeing. Although the role of the CPO has changed, there has never been a better time to drive a cost reduction agenda while empowering procurement personnel. If CPOs can create teams that embrace innovation, key challenges that have troubled the sector for years such as: supplier consolidation, tail management and compliance can be tackled head on.”
One of the key conclusions from the strategic guide is that: now is the time to invest in the strategies and solutions to streamline processes to deliver against the growing expectations of the business because those who do can unlock millions in savings. Click here to download your free copy of: ‘Addressing Your Changing World’ today.
The growing value of the discipline and the development of new technologies have propelled procurement into the boardroom. The supply base is now an extension of the broader company – as much a driver of cost reduction, innovation and growth as internal departments. At the heart of it all, the CPO: managing the relationships, eliminating the risks and helping push the business forward.