The Science Of ...

The rise and rise of “procurement” and the Chief Procurement Officer

Procurement involves the buying of appropriate (quality, quantity, etc.) goods or services at the best possible price.

It also includes factors such as delivery, handling and price variations.

A Chief Procurement Officer (CPO) is a company executive that manages sourcing, procurement and supply management.

The CPO will often negotiate contracts and ensure prompt delivery and payment.

The CPO leads the buying team and is responsible for the execution of all procurement policies and procedures.

It’s not uncommon for the CPO to report directly to a Director or to the Chief Executive Officer.

We interviewed Ian Russel, Chief Procurement Officer at Telkom.

Listen to the audio (scroll down) for more detail.

All forms of goods and services we buy at Telkom falls under ‘procurement’.

Ian Russel, Chief Procurement Officer at Telkom

The global element of our supply chain is a problem when the rand is weak as is currently the case.

Ian Russel, Chief Procurement Officer at Telkom

I am a facilitator of a process that ensures the business gets what it requires.

Ian Russel, Chief Procurement Officer at Telkom

We run SAP and everything goes through it; even when you order something as simple as paper clips.

Ian Russel, Chief Procurement Officer at Telkom

Supporting local suppliers is important for the sustainability of the South African economy.

Ian Russel, Chief Procurement Officer at Telkom

This article first appeared on 702 : The rise and rise of “procurement” and the Chief Procurement Officer


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