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ARTICLES | Tag: inventory management
Where should procurement report?
June 16 2019 By Andre Basson buying improvement, buying reporting, CFO, COO, co-operation, cost control, cost management, CPO, delegation, fit-for-purpose, functional borders , inventory management , maximising profit, minimising total cost, procurement, procurement advice
Should this question be put to senior procurement practitioners the three most common answers may very well be: CFO, COO and CEO. The general perception is that procurement probably reports to the CFO more than to any other position, even though that is probably not so for larger organisations1. But is this the optimal place to be? One should s...