How to Separate Savings from Risks

Image via Flickr by New York District, U.S. Army Corps of Engineers

For years, cost savings has dominated the minds and activities of procurement professionals. State of Flux issues studies and reports on trends in the procurement industry. Cost savings consistently reigns in terms of importance. However, for the first time ever, this study revealed that risk management is now the number one driver in procurement, indicating that supply chain managers are realizing how much risk management means to the bottom line of their businesses.

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