• Advertise
  • Contact Us
  • About Us
  • Supplier Directory
  • Login
  • Subscribe
  • Logout
  • My Profile
  • LOGISTICS
    • Air Cargo
    • All Logistics
    • Express/Small Shipments
    • Facility Location Planning
    • Freight Forwarding/Customs Brokerage
    • Global Gateways
    • Global Logistics
    • Last Mile Delivery
    • Logistics Outsourcing
    • LTL/Truckload Services
    • Ocean Transportation
    • Rail & Intermodal
    • Reverse Logistics
    • Service Parts Management
    • Transportation & Distribution
  • TECHNOLOGY
    • All Technology
    • Artificial Intelligence
    • Cloud & On-Demand Systems
    • Data Management
    • ERP & Enterprise Systems
    • Forecasting & Demand Planning
    • Global Trade Management
    • Inventory Planning/ Optimization
    • Product Lifecycle Management
    • Sales & Operations Planning
    • SC Finance & Revenue Management
    • SC Planning & Optimization
    • Sourcing/Procurement/SRM
    • Supply Chain Visibility
    • Transportation Management
  • GENERAL SCM
    • Business Strategy Alignment
    • Education & Professional Development
    • Global Supply Chain Management
    • Global Trade & Economics
    • HR & Labor Management
    • Quality & Metrics
    • Regulation & Compliance
    • SC Security & Risk Mgmt
    • Sustainability & Corporate Social Responsibility
  • WAREHOUSING
    • All Warehouse Services
    • Conveyors & Sortation
    • Lift Trucks & AGVs
    • Order Fulfillment
    • Packaging
    • RFID, Barcode, Mobility & Voice
    • Robotics
    • Warehouse Management Systems
  • INDUSTRIES
    • Aerospace & Defense
    • Apparel
    • Automotive
    • Chemicals & Energy
    • Consumer Packaged Goods
    • E-Commerce/Omni-Channel
    • Food & Beverage
    • Healthcare
    • High-Tech/Electronics
    • Industrial Manufacturing
    • Pharmaceutical/Biotech
    • Retail
  • REGIONS
    • Asia Pacific
    • Canada
    • China
    • Europe
    • Latin America
    • Middle East/Africa
    • North America
  • BLOG
  • PODCASTS
  • VIDEOS
  • WHITEPAPERS
Home » Short-Term Cost Reduction Higher Priority Than Long-Term Growth in 2014, Most Chief Procurement Heads Say

Short-Term Cost Reduction Higher Priority Than Long-Term Growth in 2014, Most Chief Procurement Heads Say

SC_Finance_21.gif
March 11, 2014
Consero Group

In addition, 59 percent of CPOs surveyed said they do not feel they have sufficient access to the resources required to execute their function.

"Today's chief procurement officer must look beyond purchasing decisions and supplier relationship management, focusing more on bottom-line growth, given that a company's procurement execution is fundamental to financial success," said Paul Mandell, founder and CEO of Consero. "With a majority of CPOs reporting they are under-resourced and focusing on short-term cost reduction rather than long-term growth, CPOs will need to continue pushing for necessary resources from top management in 2014."

Other findings included:

"¢ Talent Gap: A majority (59 percent) of CPOs do not see a sufficient talent pool to support their organization's hiring needs.

"¢ Lack of Global Risk Management Policies: A majority (53 percent) report not having a global risk management policy in place.

"¢ Sustainability Programs Not Yielding Tangible Cost Reductions: Most (67 percent) say they have not achieved tangible cost reductions through the use of a sustainability program.

The 2014 Procurement & Strategic Sourcing Data Survey included 14 questions that were posed to all Fortune 100 CPOs in attendance at Consero's invitation-only Procurement & Strategic Sourcing Forum in February 2014. A total of 49 responses were provided.

Source: Consero Group

RELATED CONTENT

RELATED VIDEOS

Technology SC Finance & Revenue Management Sourcing/Procurement/SRM Global Supply Chain Management Business Strategy Alignment Pharmaceutical/Biotech
KEYWORDS Business Strategy Alignment Consero Group cost control Global Supply Chain Management Pharmaceutical/Biotech price volatility SC Finance & Revenue Management Sourcing/Procurement/SCM Supply Chain Analysis & Consulting supply chain IT Supply Chain Management supply chain management: sourcing and procurement supply chain sourcing solutions Technology
  • Related Articles

    Procurement Officers Claim Short-Term Goals Erode Long-Term Values

    Procurement Expanding Priorities Beyond Cost Reductions to Focus on Influence & Innovation, Study Says

Consero Group

70 Percent of Chief Procurement Officers Say Suppliers Provide Insufficient Innovation, Value to Companies

More from this author

Get regular updates!
Subscribe to our newsletter

Enjoy curated articles directly to your inbox.

Popular Stories

  • 1115_chinarareearthminerals

    Podcast | Can China’s Monopoly on Rare Earth Minerals Be Broken?

    Sourcing/Procurement/SRM
  • 1111_makeorbreakblockchain

    The Element That Can Make or Break Blockchain for the Supply Chain

    Technology
  • 1125_themodernfactory

    The ‘Modern’ Factory Remains a Dream for Many Manufacturers

    Technology
  • 1118_howconsumerproductscompanies

    How Consumer-Products Companies Are Wasting Their Digital Spend

    Technology
  • 1122_forcedlaborinindia

    Podcast | This Campaign Is Out to Stop Forced Labor in India

    Sourcing/Procurement/SRM

Digital Edition

55746

Subscribe today and receive the latest issue

Start Your Subscription

Case Studies

  • Manufacturer Slashes Shipping Costs With AI Packaging Solution

  • Apparel Retailer Saves $45 Million With Reverse Logistics Solution

  • QuestaWeb Configures Fragrance Company’s Complex Procedures Into Its Advanced FTZ Software

  • Business Turnaround: Integrated Business Planning as a Management Tool

  • How a 3PL Reduced Rejected Deliveries Using LoadProof

Visit Our Sponsors

  • More From SCB
    • Featured Content
    • Video Library
    • Think Tank Blog
    • SupplyChainBrain Podcast
    • Whitepapers
    • Webinars
  • The Magazine
    • Digital Issue
    • Subscribe
    • Manage Your Subscription
    • 100 Great Partners Form
  • Resources
    • Newsletters
    • Events Calendar
    • SCB's Great Supply Chain Partners
    • Supplier Directory
    • Case Study Showcase
    • Supply Chain Innovation Awards
  • SCB Corporate
    • Advertise on SCB.COM
    • About Us
    • Privacy Policy
    • Contact Us

All content copyright © 2016 - 2018 Keller International Publishing Corp All rights reserved. No reproduction, transmission or display is permitted without the written permissions of Keller International Publishing Corp

Design, CMS, Hosting & Web Development :: ePublishing