BRW Magazine

June 21, 2012

 

Procurement officers forge path to the Boardroom

In a clear message to corporate Australia, BRW magazine this week features an article entitled “Procurement officers forge path to the Boardroom”.

Profiling 2012 CPO of the Year, Sharyn Scriven, the article by BRW business reporter, Jane Lindhe, highlights procurement’s propulsion into the spotlight as tough economic conditions not only necessitate cost downs, but reveal the fragility of global supply chains to third party risk.

“It is no coincidence that following the GFC, 70 per cent of Forbes’ top rated companies had a Chief Procurement Officer (CPO) in their executive teams,” writes Lindhe.  Increasingly CEOs are recognising that procurement is accountable for negotiating and managing the very commercial relationships that will keep the business competitive in a highly charged and unstable environment.  Quoting The Faculty’s Founding Chairman, Tania Seary, Lindhe writes: “When you have the spotlight on, you better know how to dance”.  

Profiled on both the cover and homepage of BRW, the article not only describe the impressive savings Scriven’s team has achieved at Energex, but makes a strong case for including CPOs at the highest decision making levels of organisations.  Describing an impressive procurement skill set, Lindhe’s article positions CPOs as strategic advisors to the organisation, rather than the traditional view of savings generators. A long standing member of The Faculty CPO Roundtable, Scriven’s profiling by BRW comes after a busy few weeks of public engagements and profiling following her announcement as 2012 CPO of the Year.  Judged by a panel of four including Business Spectator journalist Stephen Bartholomeusz and Karen Morley, former Executive Director of the centre for leadership Melbourne Business School, it is perhaps fitting that this inaugural award goes to a female head of procurement. 

Among the fastest growing professions in the world, procurement has witnessed a growing number of women in senior roles who are bringing a diversity of views and approaches to C level discussions. In BRW, Lindhe repeats the observation made by Tania Seary that procurement is an area where women are building careers and focusing on gaining skills to take to senior roles.  “More and more women are finding that a career in procurement can lead to big things.  You’re looking at finance and business operations, but in a very collaborative way”

To read the full article, visit: Procurement officers forge path to the Boardroom