Gartner Research

Gartner’s Optimum Risk Utilization Framework to Drive Competitiveness

Optimize risk utilization to drive competitiveness

Analyst(s): Koray Kose

Chief procurement officers (CPOs) often view risk with a narrow perspective — one which is confined to downside risks and rarely as a lever for upside opportunities to create competitive advantage. This misconception of risk limits procurement’s ability to thrive in uncertainty and drive business strategy. Gartner’s optimum risk utilization framework helps CPOs explore and leverage untapped opportunities, lower risk exposure while establishing a smoother risk curve, and provide cross-functional benefits in support of the broader business strategy.

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