Operational Resilience: How Procurement Teams Can Drive Supply Chain Resilience, Security, and Bottom-Line Outcomes

July 21, 2021
White Papers

In a threat-filled world, operational resilience is everyone’s job

Supply chain disruptions like COVID, SolarWinds, and ransomware attacks have changed how business operate. In a complex landscape where relationships are both vital and tenuous, awareness is a huge advantage. The prepared will not be immune from disruption, but they will see it coming, have plans in place to cope with events, and emerge from them as a stronger competitor and a better business.

This white paper will go into detail about what operational resilience means for organizations and their supply chains and how it can be achieved. It will also explain why procurement teams in particular can:

  • Collaborate across the organization to contribute to overall organizational resilience
  • Think beyond onboarding and other narrow objectives to gain insight into a broad range of risk factors
  • Leverage automation, continuous monitoring, and artificial intelligence to bolster risk management outcomes

 

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Ensure Operational Resilience

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Build operational resiliency into your extended supply chain:

  • 889 compliance – ensure market access
  • Data sharing with 3rd parties and beyond – protect reputation
  • Concentration risk – ensure business continuity
  • Cyber breaches – assess potential exposure
  • Unethical labor – avoid reputational harm
  • On-boarding and monitoring suppliers – save time and money