When Will Companies See Procurement as Strategic?

For years, we have been told by the brightest minds that procurement needs a seat at the leadership table. The best companies already make procurement a strategic partner, but the majority do not. When will boards see the procurement role as strategic? What will drive this transition?

Deloitte in its CPO Survey of 2019 argues that CPOs should eliminate complexity that “introduces risk and hampers procurement performance … where possible” while exploiting so-called “good complexity.” They see complexity as the catalyst for transformation of the status and influence of procurement.