Chief-Procurement-officer-purchasing-officer

Recommendations

Info

3 Best in class CPOs… are strong at developing highperforming and collaborative teams, and enhancing cross-functional relationships. Figure 1 How best in class CPOs lead compared with COOs and CEOs. Usage score 7 6 5 4 CEO COO 3 CPO 2 1 Task Social Intellectual Participative Leadership style The leadership style of best in class CPOs (see Figure 1) also reveals that they are strong at developing high-performing and collaborative teams, and enhancing cross-functional relationships. They build bridges internally with peers and externally with supply partners. They empower direct reports to function as “mini-CPOs” within specific spending categories (e.g., chemicals or electronic assemblies). The result is a team of people who are strategically focused on what they are buying and how, and they demonstrate an in-depth understanding of the economic, social, and environmental impacts. This team approach contributes to a strong talent pipeline of CPO successors with similar leadership profiles. Although the CPO profile is similar to that of the COO and CEO, the CPO’s slightly lower use of social and participative leadership can be attributed to the sheer diversity of relationships each role must cultivate. The CPO is a bit closer to the action, while the CEO and COO rely on others to execute plans and strategies. Their increased breadth of responsibility drives the need for more varied relationships.
CPOS IN THE C-SUITE 4 Figure 2 CPO thinking style compared with COOs and CEOs. 7 6 Usage score 5 4 3 CEO COO CPO 2 1 Action Flexible Complex Creative Thinking style In thinking style (i.e., how a person solves complicated problems on his/her own), best in class CPOs, like other C-suite leaders, are at ease with complex situations and are reasonably creative thinkers (see Figure 2). Highly effective CPOs see the links between all elements of a situation, gaining a “helicopter view.” Their creativity manifests as exploration of innovative solutions, while also addressing interconnected issues. They are equally adept at working with the details of implementing a solution, developing thorough plans, and ensuring that all activity drives toward a longterm goal. Best in class CPOs, however, are notably less action oriented than CEOs or COOs, both of whom make rapid decisions based on best available information. In contrast, the CPOs are more analytical and methodical in their problem solving and long-term strategic planning, and are less likely to make snap decisions. In addition, they are unlikely to act on intuition, but prefer to maintain a clear direction based on careful analysis of risks and opportunities.
Page 1 and 2: CPOs in the C-suite The chief procu
Page 3: CPOS IN THE C-SUITE 2 The best in c
Page 7 and 8: CPOS IN THE C-SUITE 6 Career develo
Page 9 and 10: CPOS IN THE C-SUITE 8 Potential is
Page 11 and 12: CPOS IN THE C-SUITE 10 About the au

Chief-Procurement-officer-purchasing-officer

Create successful ePaper yourself

Delete template?

Save as template?