Read how today’s procurement leaders are crucial in bringing company stakeholders together to meet unprecedented challenges.
In the face of rapid change and economic uncertainties, chief procurement officers are stepping up to develop multifaceted strategies while improving collaboration and communication with key internal stakeholders like treasury.
In a special white paper report from Procurement Leaders, Jordan Novak, C2FO’s SVP of market innovation, and other experts provide perspectives on the role that CPOs and other procurement professionals play in crafting a holistic approach to their companies’ strategic initiatives.
What you’ll learn from this Procurement Leaders white paper:
How procurement teams seek to maximize the business value of their operations at a time of increasingly complicated and dynamic global trading conditions.
In light of COVID-19 and other disruptions, procurement teams must ramp up supplier-enabled innovation programs in an effort to meet changing supply chain needs.
Innovative and agile ways to foster better communication and collaboration with external partners and internal stakeholders.
How C2FO helped retail giant Costco become more agile in providing working capital solutions for its suppliers while increasing investment returns.
“The value that procurement can add to the business was evident during the COVID-19 outbreak, where companies of all sizes turned from margin focus to complete cash flow focus,” Novak said. “This meant being flexible, changing their outlook, adding some performance metrics and then elevating the role of procurement.”
Jordan Novak, SVP, Market Innovation C2FO
Novak leads the Market Innovation team at C2FO, providing a unique approach for each customer to address their needs with existing and inherent capabilities.
Prior to C2FO, Novak was based in Singapore as a key finance leader for Dell, Inc. He served as a liaison to supply chain partners and relationship banks to drive strategic initiatives that aligned with business direction. He also served as head of trade and supply chain sales for tech, telecom and media industries at Wells Fargo.