As economies and countries worldwide face uncertainties with a crisis looming, global supply chains and ecosystems are being disrupted with procurement and supply chain leaders striving to survive and sustain their inward and outward supplies. Mitigating risks and ensuring the changing demand is met have replaced profits.

Understand how to:

• Build flexible, responsive and adaptive procurement and supply chain functions
• Reassess risk management capabilities and search for any kind of vulnerabilities within the procurement ecosystem that can lead to disruption
• Implement and introduce technologies and digital procurement tools onto current infrastructure to guide organisations through uncertainties in the most efficient and ready manner
• Create long term resilient procurement and supply chain functions, strategies and network
• Motivate workforce and suppliers to work through uncertainties through direct and indirect incentives
• Integrate more of virtual workspaces and communication platforms, procurement systems and train employees to maximise use and benefits

Amidst uncertainties and crisis, ensuring organisations don’t put all their eggs in one basket is key to mitigate and manage risks. The ability of procurement and supply chain leaders to have the right supply chain ecosystems, transportation networks, sourcing, categories and inventory management isn’t just helping the organisation sustain its business but can be key in ensuring suppliers and consumers sustain theirs too.

Learn how to:

• Manage sourcing and ensure uninterrupted supplies by strategic local and global sourcing
• Ensure the right supplier relationships can enable organisations overcome price volatility and disruptions in supplies
• Find alternative suppliers, ecosystems and transportation networks through advanced tools and technologies
• Use predictive and consumer analytics to anticipate changing consumer behavior and demand to adopt efficiently during crisis and not exhaust resources