Sunday Extra: BMP’s Notes on Aberdeen’s 2011 CPO Summit Post Event Webinar
Aberdeen’s 2011 Chief Procurement Officer Summit took place in Boston on November 15th and 16th. During the webinar, Aberdeen shared the primary themes from the event, key recommendations from all the presentations, and data points collected from Summit attendees. They also outlined their supply management research, event and content plans for 2012.
The presentation was made by Christopher Dwyer and Constantine Limberakis, Senior Research Analysts in Aberdeen’s Global Supply Management group. The webinar is available on demand on Aberdeen’s site. Additionally, you may want to follow them on Twitter: @ABG_GSM and @CPOSummit_AG.
I hope this trend of doing post event webinars catches on, as getting notes and impressions from an event you weren’t able to attend is better than nothing to be sure. Here are some notes from other 2011 conferences that Buyers Meeting Point covered:
eWorld 2011 - March (Market Dojo)
ProcureCon Indirect West (PROACTIS)
eWorld 2011 - September (Bernard VanHaeften)
ISM's Services Conference (Iasta)
57% of the participants felt that procurement was seen as increasingly strategic. Cost reductions are still the #1 priority, perhaps as a result of the economic recession.
Six Key Takeaways:
- CPOs are positioned to drive organizational change and value
- Collaboration, Collaboration, Collaboration
- The Modern CPO must quickly disperse information to internal leaders and key stakeholders
- The Modern CPO must effectively apply best in class strategy to complex category management (business travel, strategic meetings management, contingent labor)
- Embrace the simple concept of implementing procurement technology
- Look at new innovating ways to work with suppliers: Focus on supplier development rather than supplier management.
2012 CPO Summits
November 13-14, 2012 – Boston
Q1: Expense management, supplier risk management
Q2: Strategic sourcing, Contingent workforce management
Q3: Strategic meetings management, CPO Agenda
If you are interested in the concept of the “Modern CPO”, here are some other points of view to consider:
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