Procurement has always been a critical function within companies, responsible for ensuring that the supply of goods and services is uninterrupted. However, in recent years supply chain disruptions have become more common, due to factors such as political instability, natural disasters, and pandemics.
As a result, procurement teams have been under increasing pressure to ensure that their supply chains are resilient to these disruptions. So, how can Procurement reinvent itself to become more resilient to supply chain disruptions?