The article, "Companies are looking more towards their Chief Procurement Officers for a supply chain revolution" caught my attention as it summarizes succinctly what is now becoming a more important role and significant transformation in the way companies are managing their suppliers and their supply chain.
Traditionally, the role of the Chief Procurement Officer (CPO) has been a secondary one compared to others in top management. It was mostly limited to negotiating good deals and tracking supplier performance. Increasingly, however, the role is being seen as more valuable and central within many companies. In particular, the CPO is now accountable for supplier risk not only on the first tier but often on the second and third tiers. In particular, large multinationals are rethinking the way they manage and rationalize their supply chains and the way they can manage risk more centrally and strategically.