CPO s are under pressure for cost savings

Recent surveys done by Capegemini on Global CPO has revealed that 70 % of the CPO has agreed that their company has been targeting cost savings up to 5% from the last year value . Many contracts have to be renegotiated in the view of recession and lack of demands . Others issues highlighted in the surveys were

E procurement and other eRFI ,eRFQ tools have been only utilised only in 20% of the total transactions of their companies.

Shortening of Planning term. These are now short and specific objectives

Loss or retaining of procurement talent

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