Aravo Solutions - Taking a Risk Based Approach to Procurement

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Procurement professionals have more recently become closely involved in company operations and resilience.

With this greater inclusion of procurement professionals into organizational strategy, CPOs and similar roles need to begin to reframe how the function can best serve the organization, and how other departments can serve them.

One key to this new way of thinking is framing procurement around risk management, particularly when it comes to managing third parties, suppliers and the supply chain.

So why is a risk based approach to procurement important?

Kimberley Allan, Chief Marketing Officer, and Dan Gibson, VP of Sales Americas, discuss taking a risk based approach to procurement.

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