Short tenure of private sector CPO’s

In a paper last year, Professor Corey Billington and I claimed that the declining CPO tenures found in a CAPS study and observed anecdotally over the past decade in the private sector were primarily the result of delusional savings expectations and inherently marred processes that follow. This paper is attached. I wonder how much commonality there is between the private and public sector senior procurement / acquisition tenures. If so, does this trend towards shorter and shorter tenures result from similar causes?

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Joseph Sandor
Professor
Michigan State University
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