The Smart Cube

Using Procurement Analytics to Become an Agent of Change

Posted: 09/29/2021 - 00:00
Using Procurement Analytics to Become an Agent of Change

The role of procurement is changing. Okay, I know – you’ve heard that before. But after the events of 2020 and the ongoing repercussions, that change has been hugely accelerated.

Increased market volatility and a high risk of supply chain disruption have placed pressure on procurement teams to maintain profitability, better manage working capital, mitigate third-party supplier risks and drive business sustainability. As a result, those teams are playing a more central and strategic role in their organizations.

The Three Pillars of Successful Supply Chain Risk Management

Posted: 08/25/2021 - 09:00
The Three Pillars of Successful Supply Chain Risk Management

Risk plays a role in every decision that is made by every business – and the supply chain is certainly no exception. Every supplier choice, contract negotiation and procurement transaction involves an unavoidable element of risk.

But just because risk can never be fully eliminated, that doesn’t mean it’s ok to leave it up to chance. Effective supply chain risk management demands continuous attention, careful planning and thoughtful execution.

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