Work in Progress, November 2009
If the go-go 1990s, with its fast money and flush credit seeking rapid and steep returns, created the demand
for “renaissance” Chief Financial Officers (“CFO”), who could manage (and market) both the strategic and financial operations of the enterprise, the more sobering decade that followed led directly to the creation and subsequent rise of the Chief Procurement Officer (“CPO”), who could reduce costs, build internal relationships, and develop strategic suppliers efficiently and effectively.
This report looks at the relationship of these two executives through the eyes of the financial and procurement professionals who work for them.
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