Managing Procurement Risk: Enterprise Agility for a Changing World
Global disruptions can highlight the role that strategic sourcing, procurement, and supplier management play in organizational agility and enterprise resilience. Geopolitical changes, supply interruptions, and new regulations are all potential disruptors to business continuity and underscore the need for constant agility.
The business risks exposed by the current pandemic are a case in point. While no enterprise can control for every external shock, business leaders can examine the weaknesses exposed by the pandemic to better prepare for future disruptions and use this opportunity to address the larger forces already reshaping the procurement function as well as their internal and external networks