Mitigating risks from disrupted supply chain, with procurement

     

A decade-long focus on supply chain optimization to minimize costs, reduce inventories, and drive-up asset utilization has removed buffers and flexibility to absorb disruptions, and COVID-19 illustrates that many companies are not fully aware of the vulnerability of their supply chain relationships to global shocks. This paper talks about leveraging advanced technologies such as the internet of things, AI/ ML, data science, robotics, and 5G, to enable procurement and supply chain in being proactive in anticipating and meeting future challenges.

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