Procurement has always posed project challenges, but post-COVID-19, what lies ahead for procurement specialists, and how will it impact project outcomes?

Depending on your industry, another big challenge will be accessing products, supplies, and services in time. According to Accenture, 94% of Fortune 1,000 companies experienced supply chain disruptions due to COVID-19. Further, 75% of companies were negatively impacted as a result. Priority may not be given to some types of projects. It will be up to procurement specialists to build a case for why their projects should be prioritized over another company’s projects. Even then, short supplies and delivery delays may still continue as some industries like the medical field mandate the top spot to protect human life. How do other industries work around this? “A continuous cycle of risk mobilizing, sensing, analysis, configuration, and operation will help to optimize results and mitigate risks,” according to Accenture.

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