Who is typically responsible for procurement and supply in an organization?

In an organization, the Chief Procurement Officer (CPO) is specifically responsible for procurement and supply management. The role of the CPO involves overseeing the procurement process, which includes sourcing, purchasing, and managing supplier relationships. This position ensures that the purchasing strategies align with the organization's broader goals and that resources are managed effectively to maximize value while minimizing costs.

The CPO typically develops procurement policies, ensures compliance with regulations, and aims to improve supply chain efficiency. By focusing on these critical areas, the CPO plays a pivotal role in driving organizational performance through effective procurement practices.

While other roles, such as the CEO or CFO, may have strategic oversight or influence over procurement budgets and overall company direction, the CPO is the one primarily charged with the day-to-day execution and management of procurement activities within the organization. This distinction places the CPO in a unique position to contribute to the success of the organization's supply chain operations.