While some focus only on short-term mitigation tactics, top performers defy conventional thinking by maintaining focus on long-term strategy and implementing preconceived plans when anticipated disruptions occur. Sourcing and procurement leaders responsible for direct material sourcing must start pushing their teams now to make sure they are prepared to implement plans, make course corrections and accelerate out of each turn. Focus on these three vital areas:
- Strategy — Assess supplier capacity risks and develop scenario plans
- Cost — Deploy cost optimization and modeling, and collaborate with key suppliers
- Talent — Build supply expertise supported by data analytics
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