Procurement Leaders Insight—The risk of supply

We live in a volatile world where uncertainty has become the norm and supply chains are going global, which means that the potential for supply disruption has grown exponentially. As the Chief Procurement Officer, it’s not only your job to drive as much cost out of the business as possible, it’s also vital to protect the business from risk and volatility. At IBM, we believe Smarter Commerce begins with Smarter Procurement. That’s why we have made intelligence—actionable intelligence—a priority. With the right intelligence you can gain a 360-degree view of suppliers, you can empower your procurement team and improve collaboration, you can drive supplier compliance, performance improvement and innovation and you can manage and mitigate risk. This third party paper explains that one of the biggest risks that procurement professionals experience is when they are tasked with managing the huge array of risks that exist in their supply chains and become overwhelmed, seeing these risks as completely unmanageable. Go here to read more.