Profile of a Typical CPO

July 13th, 2007 at 09:45am David Bush - Iasta

There was an interesting article last month in SDCExec regarding the profile of your Average Joe CPO. This was a study that CAPS developed and had some interesting facts within.

According to the study, the CPO community is predominately male (87 percent) and the average age is 49 years old. Total annual compensation is $366,000 ($418,000 if female), and the CPO has a staff of 247 associates. The average CPO has been in his or her current position for two or more years and reports to one level below the CEO.

Typical CPOs are responsible for an annual spend of $3.5 billion and have 19 years of purchasing experience. They have been with their current firms for less than six years, are the top purchasing executive for the entire firm and have a B.S. in business and an MBA.

I also found it interesting that most respondents indicated they were the first to be appointed to that position. Very encouraging news for the growth of the profession and the corporate acknowledgement of its importance.

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Entry Filed under: Analysts/Research, General