gallina cfo Harrington and his wife, Lori, live in Orchard Park, N.Y., with their children, Keenan and Keira. Typically, a CPO is responsible for the management, administration, and supervision of the company's acquisition programs. This means developing a procurement strategy based on strategic sourcing, helping purchasing staff with the evaluation and selection of suppliers, overseeing, and occasionally participating in contract negotiations. According to Business Dictionary, the Chief Procurement Officer, or CPO, is [An] executive level employee whose responsibilities include sourcing, supply management, and procurement for the company. Conversely, strategic leadership traits such as positive, Building Ecosystems" Organizations can no longer afford to operate in isolation. New roles are being introduced to the firm, and talent with an, Include Procurement in Strategy Process: For strategic procurement to truly work, it is vitally important that procurement teams are involved in the early stages of overall, Optimize Working Capital: Given that procurement teams work directly with suppliers, they are in a strong position to influence their organizations strategic procurement process through the management of, Utilize Technology to Reduce Costs: Establishing cost saving opportunities has always been a fundamental part of procurement and amongst the top priorities for businesses. Kelly Bengston is senior vice president, chief procurement officer. Its also beneficial because as Campbell put it, When you start exporting talent, you also become a magnet for talent. University of Notre Dame: Bachelors Degree, Business Administration His work evolved from projects in manufacturing and maintenance in the early 90s to the global responsibilities he manages today as Executive VP Contracting & Procurement. She enjoys running, traveling, and spending time with her family. Technology advancements have helped make that happen. "The CPO is the man or woman who manages that entire organization." How to gain visibility and control of your indirect spend. In 2020, she was honored as one of B2Gs 100 Most Influential Women in Supply Chain. The role of a Chief Procurement Officer has become much more complex in todays world. The position of the chief procurement officer is believed by many to have taken on increased significance in corporations, and the role is thought to have grown more strategic in recent years. Theyve largely been successful at that, said Alex Zhong, supply chain lead at IBM Sterling, and it can be seen especially in the lower cost of consumer goods. His first procurement position was director of indirect procurement at Warnaco in New York City. He began his career as a petty officer in the United States Navys Construction Battalion (or Seabees). She shows this commitment by serving as Board Member and Past President for the YWCA, a Silicon Valley non-profit community service organization, providing programs and services to women and girls. Alexandra Lopez is Senior Vice President and Chief Procurement Officer of Global Procurement Services at Cisco leading the organization responsible for more than $9 billion annually in FY21 across the companys end-to-end buying ecosystem. Elshof College They may be in charge of the contracting services and may manage the purchase of supplies, equipment, and materials.. It also added: 'For the average department, opportunities for improvement abound'.[2]. She works to build open relationships with her team and suppliers to discuss areas that need development. Prior to Cisco, Alexandra held executive leadership roles at Fortune 500 companies, including Kaiser Permanente and Hewlett Packard where her focus was on financial and strategic planning and serving as the procurement subject matter expert for key acquisitions. Campbell has the background, and more importantly the mindset that is required of a procurement executive. Follow @alexmassalopezz on Procurement is a business function focused on supply management, which by default includes sourcing beyond day-to-day supplier management and transactional activity. However, there are a few CPOs that refute that glass-half-empty mindset and prove that you can apply innovation while still maintaining a cost-effective orientation. What & Who is a Chief Procurement Officer? He also began overseeing corporate retail initiatives to better align them within category management. Procurement activities at Shell often range from major equipment for platform and refineries to confectionery for retail stations. receive updates from our blog. The hiring of cross-functional peopleoften referred to as talent managementis another key aspect on a CPOs agenda because there is a direct link between success and the multifunctional skills of procurement teams. Most notably, Hughes is known for creating an important link with P&Gs Chief Marketing Officer, despite the suggestion that marketing and purchasing dont play nicely together. In 2009, for example, Linton visited one of the Taiwanese foundries that build semiconductors for LGs products and learned of an impending wafer (large silicon disks on which semiconductors are imprinted) boom. In this role, he provides analysis of panelist data and comments, interprets their meaning, releases the report, and provides commentary and analysis to the financial and economic community. Harringtons career in procurement also includes serving as director of global supply chain procurement at Chiquita Brands in Cincinnati, where he was responsible for more than $1.3 billion in supply chain indirect spending in overseeing procurement teams in Belgium, Costa Rica and the United States. Chief Information Officer (CIO) Learn more about UA's notice of nondiscrimination. As the CPOs mandate continues to evolve and grow, CPOs will soon need new skills to match. Leadership. Campbell is a strong advocate of exporting strong talent to the business units outside of procurement. We have identified a few of the top CPOs in the world and the projects they are working on to help us navigate through these economic times. To demonstrate your negotiation skills, its helpful to be able to show any past deals youve helped solidify, and how those relationships helped your company grow. Generally, the purchasing department must play a role in any complex, long-term, or expensive purchases, while end users are allowed to handle one-off transactions that are simple and low cost. As a volunteer, Mr. Fiore also is the chair of the Institute for Supply Management Manufacturing Business Survey Committee (PMI). With global inflation pressures easing in most regions, CFOs are adopting a strategic approach and shifting their focus towards the longer term as revenue growth improves.

For questions or concerns, please contact the OIT Support Center. According to The Deloitte Global Chief Procurement Officer Survey 2018, the likes of cost control, risk management and technological advancements are some of the key issues being treated as priorities by both CFOs and CPOs. Supply Chain Digital focuses on procurement and supply chain news, key interviews, supply chain videos, along with an ever-expanding range of focused procurement and supply chain white papers and webinars.

Browse hundreds of articles, containing an amazing number of useful tools, techniques, and best practices. Mr. Fiore has an extensive background in procurement with more than 40 years of experience leading procurement organizations at large global enterprises, including previously being Ryders CPO from 2002-2005. With advancements in technology, increased social awareness and a precarious economy, however, CPOs must now take on a range of responsibilities. We promise! That has allowed the CPO job to become a more a "qualitative or communication or a leadership function," said Abe Eshkenazi, CEO of the Association for Supply Chain Management. CPOs also have to source materials in a socially and environmentally responsible way, which can mean monitoring the carbon footprints, fuel consumption or labor practices of suppliers. Northern Kentucky University: Salmon P. Chase College of Law, JD , Law You have to be able to analyze the data to find insights to help you and your company. Instead, they function as part of an enormous global network. They usually negotiate with vendors to get the best prices and deals, utilizing the power of purchase and the economies of scale. In a lot of companies, all procurement decisions ultimately end up at the desk of the CPO. Education: about us, and our long history of helping companies just like yours. Many CPOs report to a director or directly to the chief executive officer (CEO) of their company. case studies, client success stories, and testimonials. Chief Digital Officer (CDO) During his time at Ryder, Mr. Fiore and his team were instrumental in improving the supplier selection and management process that resulted in more cooperation with Ryders key suppliers for vehicle, vehicle support, and fuel activities. This field is for validation purposes and should be left unchanged. CPOs of the future need the skills to address the following areas: Embracing the new direction of the CPO is no longer an option due to the competitive forces in every industry today. Prior to joining Starbucks, Kelly gained broad experience in packaging, product development, manufacturing, and project management at Macys, Bensussen Deutsch, Cranium and Hasbro. The length of experience in procurement will vary from job to job, but the MTA position requires 15 years of satisfactory full-time experience in procurement, leading a sourcing function, along with at least five years managing at least 10 full-time resources. In many ways, the most important working relationship in an organization is that of the CPO and CFO. Ultimately, the procurement function is what develops and executes supply chain management processes, whether the resources used to perform the processes report to procurement or not. Industry: Consumer Electronics According to Business Dictionary, the Chief Procurement Officer, or CPO, is [An] executive level employee whose responsibilities include sourcing, supply management, and procurement for the organization. He has 30 years of Global Supply Chain and Procurement experience. In these organizations, its common to have a CPO with a different job title, such as procurement director, procurement contract officer, or deputy chief procurement officer. How to report and analyze indirect spend to identify savings opportunities. This means understanding the overall business drivers, having a longer-term view and innovating the way the function is running. Company: Royal Dutch Shell Chief Executive Officer (CEO) A chief procurement officer (CPO) undertakes an executive role within an enterprise, focusing on sourcing, procurement, and supply management. At Dell, she was responsible for the indirect procurement teams globally, and most recently led the global platforms procurement team from the companys Austin headquarters. University of Maryland, Munich: AA, Business In a small company, the procurement officer may work singly, but often there is a team that executes the purchasing for an organization. Projects as CPO: Because supply markets fluctuate continuously, Stijn and his team have to accurately predict Shell demand to anticipate market movements, and develop the right approach to source goods and services in a competitive way. Its these like-minded individuals that will set the procurement standards of the future and pave the way for others to follow. You wont handle all the purchases but will focus on the ones that are high cost or involve one of your strategic partnerships. They may be in charge of the contracting services and may manage the purchase of supplies, equipment, and materials. Hughes also served as a Major in the Army for five years after earning his Bachelors degree at Notre Dame. [1] This survey of nearly 250 CPOs around the world includes a procurement competency matrix, which considered the higher-level skills a purchasing department should have. He built his career at IBM, however, where he spent 20 years, eventually rising to the role of Director of Global Hardware Procurement. They need to step up even more in a strategic position to really support the business growth from a revenue perspective," he said. Her functional accountabilities include sourcing and supplier management, contracts, purchasing, travel, ethics, risk, supplier diversity, and acquisition integration. Some companies will also have an assistant chief procurement officer. Generally, the purchasing department must play a role in any complex, long-term, or expensive purchases, while end users are allowed to handle one-off transactions that are simple and low cost. Twitter. Mr. Fiore reports directly to Chairman and CEO Robert Sanchez and is a member of Ryders Leadership Team. Name: Stijn van Els In most cases, its usually the innovation that yields the most cost effectiveness anyways. Typically, they also are constantly in search of better quality products and better prices. Fluency in other languages also can be considered an asset, since vendors may be situated in other parts of the world. Career History: Campbell was Vice President, Worldwide Procurement at Dell, Inc. before joining Reed Elsevier in 2008. The role of the chief procurement officer is changing. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that youve provided to them or that theyve collected from your use of their services. As a CPO, you must keep an eye on costs, keeping them under control, and doing what you can to reduce them. Industry: Publishing Kelly holds a B.S. Director of Procurement and Contract Services. Currently, the most common leadership traits in procurement are acting as a role model, collaborating internally and externally to deliver value and delivering results. Learn more about UA's notice of web accessibility. Chief Risk Officer (CRO) Exceptional interpersonal and negotiation skills generally are required of successful chief procurement officers. These definitions are both vague and redundant because the procurement industry lacks common definitions.

In his role, he leads all of Delaware Norths $1 billion annual global procurement program while overseeing its Procurement, Design & Construction, Culinary, Retail and Sustainability departments. Harrington earned an MBA at the University of North Carolina at Chapel Hill and a bachelors degree at Rochester Institute of Technology. You must be familiar with laws and regulations around procurement in general, and specific to the industry youre handling procurement for. Name: Tom Linton if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[728,90],'cio_wiki_org-medrectangle-3','ezslot_2',138,'0','0'])};if(typeof __ez_fad_position != 'undefined'){__ez_fad_position('div-gpt-ad-cio_wiki_org-medrectangle-3-0')};Ultimately, the procurement function is what develops and executes supply chain management processes, whether the resources used to perform the processes report to procurement or not.



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