Executive Briefings

Getting the Most Out of Your Chief Supply Chain Officer (Regardless of His or Her Title)

The chief supply chain officer has emerged as a vital partner in the most strategic aspects of managing complex, global companies. In years past, the procurement function (the sourcing of essential products and services on the best possible terms) occupied center stage. But more recently, the relentless focus on driving out costs has taken a backseat to such issues as supply market risk, revenue enhancement and managing complex supplier relationships.

Larger organizations with a global footprint often have a chief supply chain officer. Sometimes they are called chief sourcing or materials management officers. Smaller companies usually have a chief procurement officer. By whatever name, these executives have similar responsibilities.

"I expect our head of sourcing and materials management to provide a strategic perspective on the markets we deal with, identify and mitigate supply-related risks, lead change internally and work with our supply base to identify and contribute their best ideas," says Kevin Crutchfield, CEO of Alpha Natural Resources, an $8bn coal producer based in Bristol, Virginia. "That means contributing to the major areas that drive value creation: revenue enhancement, cost reductions across all areas of spending, working capital improvements and better capital project development and execution."

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Keywords: supply chain management, supply chain jobs, duties of chief supply chain officer, importance of supply chain executive officer

Larger organizations with a global footprint often have a chief supply chain officer. Sometimes they are called chief sourcing or materials management officers. Smaller companies usually have a chief procurement officer. By whatever name, these executives have similar responsibilities.

"I expect our head of sourcing and materials management to provide a strategic perspective on the markets we deal with, identify and mitigate supply-related risks, lead change internally and work with our supply base to identify and contribute their best ideas," says Kevin Crutchfield, CEO of Alpha Natural Resources, an $8bn coal producer based in Bristol, Virginia. "That means contributing to the major areas that drive value creation: revenue enhancement, cost reductions across all areas of spending, working capital improvements and better capital project development and execution."

Read Full Article


Keywords: supply chain management, supply chain jobs, duties of chief supply chain officer, importance of supply chain executive officer