What is Driving CPOs Today? Focus Shifts to Technology and Processes

A MUST-READ FOR PROCUREMENT LEADERS

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What Is Driving CPOs Today? Focus Shifts to Technology and Processes

Almost half (46%) of enterprises report that their CPO now plays a bigger role in high-level decision-making. That was just one of the results of the GEP-sponsored 2024 Annual ProcureCon CPO Report.

The CPO plays an increasingly critical position in the enterprise, not only in the procurement function, but also when it comes to regarding strategy, technology and sustainability. CPOs also face challenges in the current procurement environment, ranging from supply chain disruptions to inflation and global market volatility.

Why Read This Report

Addressing Top Concerns

Key areas for 2024 are technology (35%), supply chain disruption (37%) and process improvement (43%)

Aligning Procurement and ESG

64% say their procurement KPIs are somewhat closely linked to sustainability goals, while 27% say they are very closely linked

Prioritizing Cost Reduction

Over the next year, cost reduction is a high priority for more than half (53%)

CPOs Take on Bigger Decision-Making Roles. Read Now

About Us

GEP^® delivers AI-powered procurement and supply chain solutions that help global enterprises become more agile and resilient, operate more efficiently and effectively, gain competitive advantage, boost profitability and increase shareholder value.

Fresh thinking, innovative products, unrivaled domain expertise, smart, passionate people — this is how GEP SOFTWARE™, GEP STRATEGY™ and GEP MANAGED SERVICES™ together deliver procurement and supply chain solutions of unprecedented scale, power and effectiveness. Our customers are the world’s best companies, including more than 550 Fortune 500 and Global 2000 industry leaders who rely on GEP to meet ambitious strategic, financial and operational goals.

A leader in multiple Gartner Magic Quadrants, GEP’s cloud-native software and digital business platforms consistently win awards and recognition from industry analysts, research firms and media outlets, including Gartner, Forrester, IDC, ISG, and Spend Matters.

GEP is also regularly ranked a top procurement and supply chain consulting and strategy firm, and a leading managed services provider by ALM, Everest Group, NelsonHall, IDC, ISG and HFS, among others. Headquartered in Clark, New Jersey, GEP has offices and operations centers across Europe, Asia, Africa and the Americas. To learn more, visit www.gep.com.

GEP SMART™ is an AI-powered, cloud-native software for direct and indirect procurement that offers comprehensive source-to-pay functionality in one user-friendly platform, inclusive of spend analysis, sourcing, contract management, supplier management, procure-to-pay, savings project management and savings tracking, invoicing and other related functionalities.

GEP NEXXE™ is a uniﬁed and comprehensive supply chain platform that provides end-to-end planning, visibility, execution and collaboration capabilities for today’s complex, global supply chains.

Built on a foundation of big data, artiﬁcial intelligence and machine learning, GEP NEXXE is next-generation software that helps enterprises make supply chain a competitive advantage.