Reactive supply chain risk management is no longer viable, says new riskmethods surveyData highlights the struggles to prioritize both cost savings and risk tolerance to protect business and drive innovation
“Today’s procurement landscape is evolving, as is the role of today’s procurement leaders,” said Bill DeMartino, General Manager of North America at riskmethods. “Procurement professionals are now tasked with more strategic roles, not only prioritizing cost savings, but understanding and utilizing costs and risks to protect the business and drive innovation. However, we found many organizations are ill-equipped to balance these competing priorities that will ultimately help move their business into tomorrow.”
Key survey findings include the following:
The research was conducted in late 2017 via an online poll of more than 250 senior procurement executives with day-to-day oversight and management of global supply chains within organizations of all sizes and industries.
Download Cost vs. Risk and the Evolving Role of Procurement to read riskmethods’ full findings.
riskmethods is a market leader in supply chain risk management with a mission to create reliable supply networks around the globe. Their award-winning SaaS solution helps companies of all sizes assure supply, maintain compliance and protect their revenue and reputation.
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