Fractional Chief Procurement Officer (CPO)

Are your expenses growing without the support of a procurement team?

For many growing companies, having a full-time procurement team might not be feasible. Yet, managing your spend effectively is crucial. In fact, many companies can achieve up to 20% savings with proper management—savings that can be reinvested into your core business operations.

Key Questions to Consider:

Do we have a comprehensive view of all our spend categories?
What cost savings have we realized in these areas recently?
Are we effectively managing supplier performance and risks?
Are we fully leveraging our contracts to drive value, or are we leaving savings on the table?
Are we proactively seeking ways to enhance efficiency and reduce costs?

If any of these questions leave you unsure, you're not alone.

For companies seeking expert procurement guidance without the commitment of a full-time hire, a Fractional Chief Procurement Officer (CPO) could be the solution. With a "pay what you need" model, you gain the flexibility to access top-tier procurement expertise without overextending your budget.

How a Fractional CPO Can Benefit Your Company:

Key Benefit to You	Why It Matters	How We Deliver
Enhance Visibility into Your Spend	Lack of visibility into your spend and its alignment with strategic goals can lead to missed opportunities for significant cost savings and operational efficiency.	Analyze your spend to uncover spending trends and patterns. Create a roadmap for cost savings and optimization opportunities.
Clarify Your Contractual Commitments	Inadequate contract tracking can result in missed renewals, pricing errors, and unfulfilled terms—leading to unnecessary costs and lost savings.	Locate existing agreements, as many companies lack centralized access to all agreements. Obtain missing agreements from suppliers. Monitor and track contract renewal dates.
Audit Supplier Pricing & Contracts	Assuming prices match contract terms without verification can lead to costly overpayments and unfavorable contract terms that may go unnoticed.	Verify contract pricing through thorough reviews. Audit invoices to ensure accuracy with agreed terms. Review existing contracts to identify and address any unfavorable terms.
Optimize Supplier Relationships	Without a strategic approach, managing supplier relationships can be challenging, leading to missed savings, service improvements, and a lack of alignment with business goals.	Develop a Sourcing Wave Plan or RFP schedule to secure competitive pricing. Conduct supplier reviews to strengthen relationships. Maximize value by optimizing relationships and spending.

Tailored Solutions for Your Unique Challenges

Every company is different. At Wolfe Procurement, we take the time to understand your unique challenges and tailor our approach accordingly, ensuring that our solutions align with your specific needs and goals. Let's work together to unlock your potential savings and drive your business forward.