eProcurement & Procure-to-Pay Resources

BuyerQuest Sponsors Procurement Report: "CPO Rising - Tools of the Trade"

Published May 2, 2017 at 7:00 AM

(Berea, OH) - BuyerQuest announced today the availability of its recently sponsored research report by Ardent Partners entitled "CPO Rising 2017 - Tools of the Trade" This twelfth annual CPO-themed report, CPO Rising 2017, is part of an ongoing dialogue that Ardent Partners has had with CPOs and other procurement leaders for more than a decade.The report examines the general competencies and capabilities of procurement organizations today and highlights the management strategies and tactics that leading CPOs use to get the most from their teams.It also presents a comprehensive, industry-wide view into what is happening in the world of procurement and captures the experience, performance, perspective, and intentions of 313 CPOs and other procurement executives.

The report includes benchmark statistics, analysis, and recommendations that procurement teams can use to better understand the state of procurement today, gain insight into best practices, benchmark their performance against the Best-in-Class, and ultimately improve their operations and performance.

Some of the topics covered in this comprehensive report include:

  • The business pressures that Chief Procurement Officers (CPOs) and other procurement leaders face in 2017, and how these pressures continue to evolve from previous years;
  • The enterprise and procurement goals that CPOs and their lieutenants have for the next two-to-three years, and the strategies that they are adopting to get them there;
  • The business processes and that CPOs and their teams are implementing to take their performance to the next level;
  • The technology enablers, or “the tools of the trade” that procurement teams are leveraging in 2017 and plan to adopt in the years ahead;
  • How the Best-in-Class continue to lead the way in process and technology adoption, and as a corollary, business performance.

The conclusions reached in this research note are both compelling and unmistakeable. Just as today’s competitive market pressure and unprecedented innovation demand the constant reevaluation of supply markets, so too must these leaders rethink their technology strategies. Those CPOs that continue to resist auto­mation and the other changes needed to enhance agility are manufacturing their department’s obsolescence. The time has come for many of these “old masters” to stop acting like apprentices and adopt a 21st Century approach to their business.

Click here to download this comprehensive research report today.

About BuyerQuest

BuyerQuest is an enterprise Procure-to-Pay solution that delivers a world-class eCommerce experience to procurement organizations all around the world. Our software streamlines and enhances the corporate buying process allowing our customers to increase user adoption, drive contract compliance, and save money. BuyerQuest combines the power of cognitive computing with the discipline of enterprise procurement, offering an agile solution that empowers companies to solve their complex procurement problems. BuyerQuest customers have the spend transparency, deep insights, and advanced intelligence capabilities they need to focus more on strategic priorities and less on tactical, lower value tasks. Global organizations use BuyerQuest to fundamentally transform their procurement experience and more efficiently manage their entire procure-to-pay process.  Visit www.BuyerQuest.com to learn more.

About Ardent Partners

Ardent Partners is a research and advisory firm focused on defining and advancing the supply management strategies, processes, and technologies that drive business value and accelerate organizational transformation. Ardent Partners actively covers the supply management marketplace and produces research to help business decision-makers understand (1) industry best practices and how to improve performance and (2) the technology landscape and how to identify the best-fit solution(s) for their specific needs. Ardent Partners also publishes a network of sites that attract and influence key business decision makers in both procurement and finance.


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