FOR RELEASE: January 12, 2001
|NAPM Media Relations|
|480/752-6276, Ext. 3015|
(Tempe, AZ) — CAPS Research has released an important new study that takes an in-depth look into the compensation pattern for chief purchasing officers. "Chief Purchasing Officers' Compensation Benchmarks and Demographics: A 1999 Study of Fortune 500 Firms" primary focus is to provide descriptive statistics on Chief Purchasing Officers' (CPOs') compensation patterns at a point in time. The research also develops predictive benchmarking models of CPO compensation patterns as they relate to a number of demographic variables. These variables are associated with specific CPOs (such as age, gender, educational background, etc.) and their firms (sales, annual spend, industry, etc.). Finally, the study is a statistical demographic profile of the 152 responding individuals who hold positions in Fortune 500 firms.
More than 50 industries participated in the study, and respondents were confidentially asked to answer key questions regarding years with current company, gender, functional experience, educational background, professional certifications, and organizational profiles, just to name a few. Additional factors such as bonus plans, stock options, pension plans, and paid vacations were also taken into consideration when calculating the data.
As a result of this study, a predictive model has been developed that can be used, in conjunction with other statistical indicators, as a tool to aid in benchmarking the major components of the CPOs' compensation.
For a more in-depth look into this study and the factors that determine a CPOs salary, please contact CAPS Research at www.capsresearch.org.
CAPS Research is a non-profit organization that, while affiliated with Arizona State University's College of Business and the National Association of Purchasing Management, is an independent research organization. Its mission is to help organizations achieve competitive advantage by providing them with leading-edge research to support the evolution of strategic purchasing and supply management.