“These types of events are going to keep coming. And so it’s not only necessary to be able to master the complexity that’s in front of you, but also to think further out how you can be building agile capabilities to be able to steer around some of these different events that will be coming.”
The bi-annual Deloitte CPO Report has been a source of insight and information for procurement leaders for years. In the last report, released in 2019, the core topic was mastering complexity. Little did Deloitte – or the participating CPOs – know, the whole world was about to get a crash course in mastering complexity.
Ryan Flynn is a Principal at Deloitte Consulting and one of the co-authors of the 2021 CPO Report: Agility serves as the solution to an increasingly complex procurement landscape. Their research and the resulting report focus on top CPO priorities, talent, risk and suppliers management, and what allows procurement leaders to be “agility masters” in today’s complex business landscape.
In this episode, Ryan Flynn joins Host Philip Ideson to discuss:
- How the expectations of CPOs have changed over the last couple of years and how long-lasting those shifts are likely to be
- What objective ‘unseated’ cost reduction as the number one priority for CPOs for the first time in the 10 years Deloitte has been running this report
- How procurement can first embrace and then communicate the mindset shift needed to stop evaluating procurement on savings and start looking at their contributions to overall business outcomes