{"id":2804,"date":"2009-12-09T14:20:00","date_gmt":"2009-12-09T14:20:00","guid":{"rendered":"https:\/\/www.certitrek.com\/nlpa\/2009\/12\/09\/whitepaper-wednesday-are-european-cpo-priorities-different\/"},"modified":"2021-07-19T06:38:52","modified_gmt":"2021-07-19T10:38:52","slug":"whitepaper-wednesday-are-european-cpo-priorities-different","status":"publish","type":"post","link":"https:\/\/www.certitrek.com\/nlpa\/blog\/whitepaper-wednesday-are-european-cpo-priorities-different\/","title":{"rendered":"Whitepaper Wednesday &#8211; Are European CPO Priorities Different?"},"content":{"rendered":"<p>Welcome to another installment of Whitepaper Wednesday here on the Purchasing Certification Blog. This week, I\u2019ll be reviewing a whitepaper entitled \u201cEuropean CPOs: Capitalizing on the Best Opportunities\u201d from Aberdeen and Ariba.<\/p>\n<p>Don\u2019t miss updates on Procurement &amp; Supply Chain, Subscribe here!<\/p>\n<p>Now, one thing I want to get out of the way right away is that, in my opinion, the principles discussed in this whitepaper don\u2019t just apply to European CPO\u2019s \u2013 they are just as applicable to CPO\u2019s in North America or other continents. Why Aberdeen labeled the whitepaper as European is not clear.<\/p>\n<p>Anyway, this whitepaper essentially answers three main questions:<\/p>\n<ul>\n<li>What are the top pressures faced by CPO\u2019s?<\/li>\n<li>What are the top actions of CPO\u2019s who face those pressures?<\/li>\n<li>What are the top priorities of CPO\u2019s?<\/li>\n<\/ul>\n<p>These questions are graphically answered by Figures 1, 2, and 3 in the whitepaper:<\/p>\n<ul>\n<li>Figure 1: Top Three Pressures for EMEA-Based CPO\u2019s<\/li>\n<li>Figure 2: Top Strategic Actions For European CPO\u2019s<\/li>\n<li>Figure 3: Top Three CPO Priorities<\/li>\n<\/ul>\n<p>The information presented in these three sections is insightful. For example, 92% of surveyed CPO\u2019s said that identifying cost reductions was a top-three priority while mitigating supply risk came in a distant second with only 52% of respondents indicating that it was a top-three priority.<\/p>\n<p>The next section goes on to provide insight into how those CPO\u2019s plan to address their top priority of identifying cost reductions. Increasing sourcing activity was the top strategic action identified.<\/p>\n<p>The top CPO priority listed in the next section clearly illustrates that CPO\u2019s recognize that just because you start sourcing activity that it is going to be successful \u2013 you need the right people running the sourcing initiative. The top CPO priority was \u201cEnhance department staff skills and capabilities.\u201d<\/p>\n<p>Of course, what would an Aberdeen report be without benchmarks. So it naturally winds down with some standard benchmarks (e.g., spend under management) as well as some good recommendations, my favorite of which being \u201cThe current \u2018soft\u2019 labor market presents a unique opportunity for CPO\u2019s to reach out into specific industries and hire seasoned professionals with deep category expertise for their departments. If hiring is not feasible, CPO\u2019s should strongly consider leveraging third-party expertise to identify (and potentially manage) the sourcing of new categories.\u201d<\/p>\n<p>A nice way of saying that talent matters in procurement.<\/p>\n<p>If you would like to get your own copy of this whitepaper, you can download it for free from Ariba\u2019s Web site (registration required).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Welcome to another installment of Whitepaper Wednesday here on the [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":4052,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2804","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-procurement"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.13 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Whitepaper Wednesday - Are European CPO Priorities Different? 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