The notion of a "chief procurement officer" isn't new. The U.S. Department of Housing and Urban Development has had one since 1998, and the title can be found in any number of other government agencies and branches of the military. Private companies have embraced it as well, although the position hasn't enjoyed a solid footing in most C-suites for more than a decade or so. Maybe it was the success of companies like Apple, with its mastery of supply management, that convinced top executives of the need to elevate procurement to the highest levels of the organization.

Laura Dionne, director of worldwide operations, and J.P. Swanson, systems architect, at TriQuint Semiconductor, describe how the installation of RapidResponse from Kinaxis is helping the company transform operations planning and improve inventory control.

Where does it normally go wrong?

Decisions on what, how much, where, and when to stock product across the extended global CP supply chain directly impact corporate profitability, positively or negatively.

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