The Strategic CPO is a function that is poised to be transformed by new technologies such as cloud computing, robotic process automation, artificial intelligence, and blockchain. These technologies have the potential to automate many of the vital, yet repetitive, tasks that currently preoccupy procurement personnel. The transformation will allow CPOs to redefine their role within the organization and prove to the C-suite that their function has a critical impact on corporate performance. However, the transformation will not trigger a wholesale replacement of procurement teams, but rather give teams the opportunity to focus on more strategic tasks.
