The recently published research report titled, "Chief Purchasing Officers' Mobility Compensation Benchmarks and Demographics: A Study of Fortune 500 Firms" shows that the typical CPO is a 49 year-old male with four years (or less) experience in his current position. Today's CPO is likely to be the company's first CPO, or he was promoted to that position when his predecessor retired. Unfortunately, he does not currently report directly to the Chief Executive Officer and is not considered the equivalent of the heads of finance, operations, marketing or engineering. Although the average compensation for the Chief Procurement Officer is $366,000 the value of his stock option plans and retirement funds have fallen since 2001 due to variability in the stock market. On average, the CPO has a staff of 247 associates. Although the CPO community is predominately male (87%), the females who participated in the study report their average annual compensation is $418,000. About half of the CPOs who participated in the research reported they have received some form of professional certification.

Click on the following link to access this focus study: Chief Purchasing Officers' Mobility Compensation Benchmarks and Demographics: A Study of Fortune 500 Firms

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One of the highest rated programs in the annual CAPS Research Sponsor survey is Industry Benchmarking. Industry Benchmarking reports provide more detail beyond the standard benchmarks found in the Cross-Industry report. For example, the Cross-Industry report presents the benchmark, "total purchase spend as a percent of sales dollars". The recently posted Diversified Foods and Beverages Benchmarking report provides total spend as a percent of sales dollars by the following categories: raw materials, packaging materials, indirect goods, professional services, IT services, capital spend and energy.

To access this report, click on the following link: Diversified Foods and Beverages Supply Management Performance Benchmarking

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The forces of change that impact supply management in the decade ahead include globalization, changing demographics, shifts in consumer demand, resource scarcity, environmental pressures, technology advances, governmental regulation and activism. These forces are not only reshaping markets, industries, and products; they are reshaping our profession. CAPS Research, A.T. Kearney and ISM report key findings in a joint research initiative sponsored this year. The report summarizes the results of a comprehensive survey concerning expected industry trends in the next few years.

Read this special report that was published in the May 2007 edition of Inside Supply Management^®, click this link: Succeeding in a Dynamic World: Supply Management in the Decade Ahead

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For more information about CAPS Research programs and products please contact us at Research@capsresearch.org.

Sincerely,
Phillip Carter, D.B.A.
Executive Director
CAPS Research

CAPS Research is a global research organization jointly sponsored by the W. P. Carey School of Business at Arizona State University, and the Institute for Supply Management™.