Contact: Andrew Bartolini FOR IMMEDIATE RELEASE
Tel.: 617-752-1728
Email: info@ardentpartners.com
Date: 04/25/2019
Ardent Partners Announces “CPO Rising 2019: #ValueExpansion” Report Publication
Annual Procurement Benchmark Study Reports on the “State of” the Industry, Highlights the Challenges and Opportunities for Procurement to Achieve Next-Level Performance
BOSTON — Ardent Partners, the premiere supply management research and advisory firm, is pleased to announce the release of its annual CPO-themed research study, CPO Rising 2019: #ValueExpansion. The report draws on the experiences and perspectives of more than 300 Chief Procurement Officers and other procurement executives and gives readers a view into the state of the procurement industry in 2019. The report includes benchmark statistics, analysis, and recommendations that procurement teams can use to better understand the state of procurement today, gain insight into best practices, benchmark their performance against the Best-in-Class, and ultimately improve their operations and performance. This is the fourteenth year that Ardent’s Founder and Chief Research Officer, Andrew Bartolini, has published the report.
This year’s report, identifies procurement as an industry whose momentum is slowing and offers a series of new and innovative approaches to help CPOs expand the value they create within their enterprise and across their supply chain. To transcend the current procurement operating paradigm, CPOs will need to combine fresh ideas and approaches with a high-functioning workforce in a post-digital transformation environment.
“To expand value creation in the decade ahead, the modern CPO will need an open and intellectually-curious mindset that has a capacity to thoughtfully consider new ideas and actively push them forward. CPOs must follow the courage of their convictions as they start to re-frame the procurement function and how it engages and operates ” says Andrew Bartolini.
But there are exciting opportunities for CPOs and procurement teams to break out and expand their value in 2019. “This year’s report makes it clear that procurement’s best and brightest days are ahead of it,” says Senior Research Analyst and report co-author, Matthew York. “There is an enormous amount of innovation occurring inside and outside of the supply management world; procurement and supply chain are taking cues from other industries and are adopting innovative technologies to make procurement smarter, more connected, and resilient, ultimately helping the function expand its value across the organization.”
This year’s report is sponsored by Canon Business Process Services, PRGX, Xeeva, and Zycus.
About Ardent Partners
Founded in 2010, Ardent Partners is a research and advisory firm focused on defining and advancing the procurement and supply management strategies, processes, and technologies that drive business value and accelerate organizational transformation within the enterprise. Ardent Partners delivers “Research with Results.” To learn more about the company, visit www.ardentpartners.com or call us at 617.752.1728.
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