A chief procurement officer (CPO) transition is a significant change for an organization that can drive uncertainty, doubt and fear for its people. A well-engineered transition process accelerates the chances of success and creates more value for the organization. CPOs in transition should take a four-step approach to accelerate impact:

  • Prepare: Prepare to mitigate context-related risks.
  • Connect: Build relationships based on trust.
  • Assess: Benchmark procurement’s performance and maturity.
  • Act: Identify and devise a plan for the most pressing issues.

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