COVID-19: Your Ten-Point Procurement Response Guide
The COVID-19 pandemic has created unprecedented challenges globally.
Organizations across sectors are facing dwindling revenue streams, de-stabilized supply chains, and growing uncertainty about the future.
In the short-term, businesses leaders will need to quickly establish response processes to reduce costs and preserve cash. As the world begins to emerge from lockdowns and health crises, it will be critical to have a strategy ready for the upswing and to build resilience against future disruptions.
Procurement has a critical role to play in helping businesses respond to the crisis effectively now and prepare for what comes next.
Your Procurement Response Guide
There’s no such thing as a “one-size-fits-all” recipe for success in a crisis like this one. Each organization will need to build a plan that takes their unique challenges and circumstances into account.
To help you and your team get started, we’ve put together a checklist based on input from industry experts that specifically focuses on key challenges, action points, and execution tips for procurement.
With this checklist, you’ll find clear action items to:
- Exercise cost discipline
- Retain cash
- Assess and mitigate risk
Additional Resources
Discovering 10 Steps to the Perfect Digital Process
Eight Procurement Challenges the Manufacturing Sector Will Face in 2024
Nine procurement challenges that you can solve with Autonomous Commerce
Six ESG measures for your company
Maturity Assessment
Take this quick Autonomous Commerce Maturity Assessment now to identify your maturity stage and the next steps to take in your journey.