Post-pandemic procurement risks
A crash course for sourcing professionals
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You know your suppliers. Or do you? When you think about your suppliers, what comes to mind?
For sourcing professionals, focused on reducing costs wherever possible, factors such as service or product quality, payment flexibility, and overall value are likely to be high on the list.
Recent history has shown us how short-sighted and even dangerous it can be to choose suppliers based on cost factors alone. Supply lines have become more complex-and more fragile. Disruptions such as the pandemic, major climate events, and political instability have become the new normal. And tougher regulations have raised the stakes as fines soar into the billions of dollars.
In this ebook, we look at four risk factors that are changing the way the industry sources suppliers, the top risks for each procurement category, and three best practices that can help you mitigate supplier risk and demonstrate you are thinking ahead and laying the groundwork for a secure and successful future.
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