“It doesn’t make sense to avoid every risk and have a backup plan for every potential threat to your supply networks. The challenge is knowing where the business will be impacted the most and focusing your efforts and attention there.”
As digital transformation progresses, corporate leadership teams are increasing their focus on the quality and availability of data. Spend analysis is just one internal data resource in a sea of data ecosystems, but it has the potential to serve as the foundational connection point for all procurement analytics.
For this special series, Art of Procurement partnered with Sievo and Buyers Meeting Point to take a deep dive into procurement data ecosystems. We will explore how procurement leaders can meet their analytical requirements while also exploiting the full cross-functional value of data – data that enables corporate growth and competitive advantage.
Every two weeks between April and July 2021, Philip Ideson and Kelly Barner will speak with senior level executives at Sievo, riskmethods, Basware, supplier.io, and EcoVadis – companies at the forefront of the procurement data revolution. Listeners can also download the ebook behind the podcast series in the Links section below.
In this episode, Kelly Barner and Heiko Schwarz, Founder and CEO of riskmethods discuss the complex web of data, automation, and human skills that are required to proactively monitor and manage risk worldwide from one central location.
- Finding the optimal balance of automation and human ingenuity in the fight against risk
- The two sides of the ‘risk management coin’ that can help procurement better monitor risk and build out enterprise resilience
- The multi-tiered conversations that every corporate leadership team needs to have (and have again) to establish their detailed risk appetite
Dive deeper into procurement data in the new guide featuring Kelly Barner’s interviews with visionary procurement software leaders from EcoVadis, Basware, riskmethods, Supplier.io and Sievo.