The Sustainable Organization:
The Chief Procurement Officer's Perspective
Chief procurement officers play a crucial role in the implementation of sustainability today. Most fundamentally, they need to work out how to translate the organization’s high-level goals on sustainability into concrete buying decisions, without losing their competitive edge on cost.
However, leading chief procurement officers are discovering that a deeper engagement on this unlocks other benefits too, such as the ability to work more closely with both old and new partners to innovate and discover new efficiencies. In turn, this is opening up opportunities for the procurement role to take on surprising new guises, such as that of venture capitalist.
Chief Procurement Officer's Perspectives
This third point of view in our Lessons From Leaders Series, explores several distinct aspects of how sustainability is affecting the role of the chief procurement officer and some of the specific questions this report seeks to answer include:
- Once the basics of sustainable procurement are in place, what are the next steps for leading chief procurement officers, in terms of core systems and processes?
- What scope is there to use the buying power of an organization to drive social and economic development, and to do so to the direct advantage of the business?
- What new kinds of collaborations, both internal and external, are emerging for the procurement function, as they strive to achieve specific sustainability goals?
- What new approaches to supplier auditing and verification are emerging?
Given the close collaboration that chief procurement officers hold with their supply chain colleagues, this report forms the first half of an upcoming larger piece examining the impact of sustainability on the role of the supply chain in general, so please visit again for more leaders’ insights.
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