The Deloitte Global CPO Survey profiles the views of senior procurement leaders from around the world on the key issues facing the procurement function. Conducted in association with Odgers Berndtson, this is the fifth edition of the report that provides unprecedented insight into CPO sentiment, drawing on our largest sample yet of 324 CPOs from 33 countries around the world.
This year’s survey considers the state of play in the key issues facing procurement, such as priorities, business engagement, talent and market dynamics, and how these have evolved over recent years.
- Cost reduction is the top priority for CPOs as they look to sustain business growth in a slowing market
- Stronger relationships and understanding between procurement and the CEO and CFO
- Increased levels of supplier collaboration while continuing to focus on consolidation and relationship restructuring
- A continued issue on securing, retaining and training the right talent pool, where 62% of CPOs don’t believe their teams have the skills to deliver the functions strategy
- Increasing levels of core and transactional outsourcing with strategies shaped in some way by each organisations approach to global business services (GBS).
According to Lucy Harding, Partner and Global Head of Practice, Procurement and Supply Chain at Odgers Berndson: “The continued increae in the skills gap is worrying. This gap has been getting wider since we began the survey, at the same time as investment in training is declining. This is a huge missed opportunity for the procurement function since the board room door has never been more open to the profession.”