The Chief Procurement Officer (CPO) is a senior executive responsible for leading and managing all of an organization’s procurement activities. As the leader in this role, the CPO is responsible for creating and executing a strategic vision that meets the organization’s objectives with regard to cost savings, vendor relationships, quality assurance, process compliance, and other related aspects. They are also responsible for developing and implementing sourcing strategies that reduce costs, leverage economies of scale, and drive innovation. Additionally, the CPO is the chief negotiator of business terms for high-value contracts and works closely with internal departments to ensure goods and services are procured in an efficient, cost-effective manner.