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Disruptive events, geopolitical risks, and cost pressures mean that a new chief procurement officer needs to hit the ground running. The procurement organisation works at the front line of the battle to mitigate these risks and disruptions. Successful CPOs have three priorities for their first weeks in their role:
Develop a baseline understanding of the organisation’s strengths, weaknesses, and value -creation opportunities -Proactively engage with internal business stakeholders, external stakeholders to understand their needs and priorities.
Above all, focus on impact, making their mark on the organization and demonstrating its potential to add more value to the business.
