What Is a Chief Procurement Officer?

Advanced procurement functions are applied, and more and more specially trained procurement personnel are available. They have the ability to make reasonable purchasing decisions. The role of procurement functions in enterprises has become increasingly important. Many companies have promoted the chief procurement officer to Management, which also strengthened the attractiveness of the procurement department and promoted the further development of the procurement management concept. Similar names to Finance (CFO; Chief Finance Office), Technology (CTO; Chief Technology Officer), etc., herald the rise of procurement in the company.