Chief Procurement Officer

Chief Procurement Officer, Chief Purchase Officer occasionally (abbreviated CPO, German PMI) is a function name from the Anglo- Saxon countries.

The CPO is responsible for procurement within an organization. In German companies the function is approximately equal to the Purchasing Manager in a limited liability company or the Head of Procurement / Purchasing in an AG where these managers reported in 70 % of all large German companies (2005) directly to the Board. Procurement management has a dominant importance in cost management. In companies where the raw material procurement or procurement plays a strategic role, a CPO is often even a board member, for example, the head of purchasing at retail groups such as the Otto Group. The function of the Chief Procurement Officer is in business of great importance, as will be responsible for up to more than 70 % of the total expenditure of a company through the purchase. In order for this position affects not only contributes greatly to the cost, but also the bond liquidity of a company.