Procurement is well positioned to be an ‘Ecosystem Builder’ for the enterprise. But is it ready?

While driving down costs continues to be a primary goal for procurement, the chief procurement officer’s (CPO) expectations are changing based on their skills and unique experience in managing third parties. Today, CPO’s role includes new accountabilities in addition to spend management. Forward-thinking organizations are championing their procurement function to become ecosystem builders. However, the CPO’s biggest challenge is to sell the value of the function within the enterprise as an enabler of business value, not just spend management. 

To learn more about the emerging aspirations of procurement leaders, HFS Research, in partnership with Infosys BPM, surveyed 300 senior procurement executives across the Global 2000 enterprises. Join this digital roundtable to get an advanced view into our key research findings and share your perspectives with industry peers on the future of procurement.

This digital roundtable will discuss: 

• What is the future of procurement’s role in driving and capturing new value? Expanding into the role of procurement as ecosystem builders that drive collaboration across multiple organizations to generate new sources of value. 
• What are the hurdles? Despite the grand ambitions, outline CPO’s biggest challenges to sell the value of the function as an enabler of business value, not just spend management. 
• What are the lessons learned from forward-thinking procurement leaders? Discuss the roadmap to becoming an achiever – embracing ESG (Environmental, Social, and Governance), digital enablement, and operating model imperatives to be truly recognized as the ecosystem builder for the enterprise