|
Do technology and human skills complement each other to mitigate risks in the procurement process? Yes, they do, as modern procurement faces various risks, including supply chain disruptions and compliance issues. The risks in modern procurement processes can significantly impact businesses, leading to financial losses and reputational damage. The impact of risks in the procurement process for businesses can be severe, affecting operational efficiency and stakeholder trust. What is the role of automation in mitigating risks in the procurement process? Automation enhances efficiency and consistency, while the critical role of human expertise lies in providing insights for effective decision-making. How to combine automation with human expertise to build a resilient procurement process? By strategically integrating both, organisations can create a robust system that minimises risks and ensures sustainable success.
|