From Reactive to Proactive: How to Identify and Mitigate Risks in Your Supply Chain
In the circumstances of an interconnected, volatile world, procurement needs to take a proactive approach to risk mitigation and ensure a supply base that can withstand disruptive events - and to have alternatives at hand. Thereby, procurement ensures business continuity.
It is key for procurement to master its data on existing suppliers but also to generate global supplier market insights at speed to identify new, unknown suppliers to mitigate risk.
What’s your approach to Risk and Resilience: Proactive or Reactive?
The full content of this page is only available to SIG Members.
In the circumstances of an interconnected, volatile world, procurement needs to take a proactive approach to risk mitigation and ensure a supply base that can withstand disruptive events - and to have alternatives at hand. Thereby, procurement ensures business continuity.
It is key for procurement to master its data on existing suppliers but also to generate global supplier market insights at speed to identify new, unknown suppliers to mitigate risk.
What’s your approach to Risk and Resilience: Proactive or Reactive?