Chief Financial Officers (CFOs) are risk managers. They watch cash flow, evaluate acquisition candidates, advise CEOs, influence investment, and sound an alarm when results are straying from targets. For the chief procurement officer (CPO), that means that the CFO is likely to influence the choice of suppliers and, in doing so, make a big impact on innovation potential. Here is a tale of two of my former bosses and their differing styles toward the supplier community. There’s a lesson here in that the low-risk option on the surface may be hurtful in the long run.
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