How many of you have struggled with the looming question – where does the procurement department belong in the org chart – under the CFO, the COO, or directly reporting to the CEO?
Personally, I think procurement professionals should take this question very seriously as it is the key to their department’s ability to drive cost savings, strategic initiatives with the supply chain and most importantly the value of their department.
Unlike previous years, the focus of rebuilding competitive advantage in 2011 heightens the opportunity for procurement to snag a seat at the executive table. Are you prepared to make the leap? Have you initiated the conversation with the executive team?
Please share your stories… as procurement professionals, we must work together to elevate our profession and the strategic value of our departments!
I think procurement professional should report to CEO. Because procurement contributes to profitability of the company. Roles of procurement is also expanding like new product development, supplier risk assessment and environment issues.
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