Every organization today is grappling with supply continuity challenges and uncertainty, given the current global environment. While Procurement can’t influence all the factors that impact continuity, there are some things procurement organizations can drive to better prepare their organizations. Supplier management plays a central role in effectively building the necessary resilience to withstand supply disruptions and the agility to respond. While ensuring supply continuity is complex, success is much more likely if you address key obstacles. 

According to Mckinsey, “Supply-chain disruptions cost the average organization 45% of one year’s profits over the course of a decade.” Through extensive research and in working with some of the most respected Procurement & Supply Chain organizations in the world, we have established five key strategies to help build a more resilient supply chain.

Contributors: Ivalua
Categories: 2022 Fall - Rancho Mirage, Summit Presentations
SRC Type: Sourcing Management, Third Party Management