The report highlights the changing role of a chief procurement officer (CPO) in the digital age. The traditional view of a CPO is to manage the buying of goods and services efficiently, but the remit has expanded with globalization and digital technology. The successful CPOs are those who understand how procurement can impact strategic business objectives and align their teams accordingly. To excel in this role, CPOs need to adopt seven habits, including thinking strategically, understanding the value of procurement, and collaborating with other departments. The report emphasizes the importance of procurement as a strategic function and the need for the CPO to demonstrate their value to the board.
