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