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Inflation, economic instability, materials and labor shortages, climate change—almost any disruption you can imagine is a pressure point that makes procurement and supply chain management exponentially more complex.
After what we’ve experienced in the global economy over the past few years, predicting risk has never been so unpredictable. Climate change and cyber attacks elevate outage risk. Inability to measure and track your supply chain or align with your suppliers on values and processes brings reputational risk. And your cost risk is high without automated real-time monitoring of the markets.
To meet your procurement priorities, it’s vital for procurement leaders to build extensive supply chain relationships and make purchasing decisions that incorporate such factors as materials and labor, supplier diversity, and sustainability.
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