Question: Topic: How could procurement make a difference in building a resilient supply chain? What can you do in the procurement to ) about the topic
Topic: How could procurement make a difference in building a resilient supply chain? What can you do in the procurement to ) about the topic above.As organizations transition to a more proactive approach to optimizing their supply chains, it's important to be more connected than ever.Supply chain disruption is an all too familiar reality for many organizations. Just consider our recent history of natural disasters, large-scale cyberattacks and trade wars that impact everything from demand to lead time, back orders and resourcing. Now, COVID-19 is only emphasizing and expanding the challenges of traditional supply chains.In a recent webinar on the topic of supply chain resilience, 79% of participants shared how vendor and procurement issues, alongside global trade and international risk, continue to impact their day-to-day operations.Traditional supply chain structures are fundamentally ill equipped to cope with increasing numbers of unplanned disruptions. And resilience isn't inherent in their design. Today's supply chain structures are lean and focused on reducing costs with geographic concentration, a just-in-time inventory and, in many cases, reduced safety stock. This approach won't be ideal going forward.Where do we go from here? It's time to take a hard look at end-to-end supply chain processes and build alignment between strategy, operations, tax and finance functions to build back stronger.
1:SC Manager skills required in the future.
2: Mitigating sustainability and SC risks issues
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