From C-Suite Priority to Procurement Strategy: Managing Risk at Scale

“Getting visibility into the n-tier is the silver bullet that makes procurement every organization’s hero or heroine because everything happens in the supply chain.” —Gordon Donovan, Global Market Research Director, Procurement and External Workforce at SAP

According to 2022 research conducted by Economist Impact and commissioned by SAP, risk reduction is a top priority for corporate leadership. 

38 percent of C-suite executives view risk reduction as a way to deliver increased value through procurement. Do the other 62 percent recognize the role procurement plays in risk management?

Procurement’s Crucial Role According to C-Suite Executives

In this episode based on an AOP Live session, Philip Ideson and Kelly Barner are joined by Gordon Donovan, Global Market Research Director, Procurement and External Workforce at SAP, and Matthew Montgomery, Solution Management Director, Supplier Lifecycle & Third Party Risk Management at SAP. 

They answered live audience questions about:

• How C-suite executives view procurement’s role in managing risk        
• Why procurement talent and skills shortages may be part of the risk management challenge 
• How companies are leveraging supplier management technologies to address these challenges 

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Links & Resources

• Gordon Donovan on LinkedIn
• Matthew Montgomery on LinkedIn
• WATCH AGAIN: From C-Suite Priority to Procurement Strategy: Managing Risk at Scale
• From Cybersecurity Threats to Revenue Loss: How to Manage (and Minimize) Risk with Procurement