STRAUMANN GROUP
SANDRA’ S ADVICE ON STRATEGIC RISK MITIGATION: PLAN AHEAD and function of procurement will continue to be imperative.
At Straumann, Sandra is ensuring this is a successful process, adding that:“ It’ s exciting to see this transformation, as we continue to evolve toward a world-class procurement organisation.”
As Sandra indicates, procurement is all about managing key internal and external stakeholder relationships – making engagement with partners the cornerstone of any successful transformation.
Planning ahead is crucial,” she explains.“ Planning ahead with a structured, inclusive approach safeguards organisational interests and fosters a culture of preparedness. Use various strategies to prepare. Don’ t wait for a crisis to happen to figure out what to do. Comprehensive planning includes anticipating challenges and fostering a resilient culture that adapts quickly. De-risking an organisation starts early by developing multi-functional team collaboration between Procurement and other relevant functions like Finance, Taxes, Quality and Supply Chain, as well as suppliers. Making sourcing decisions around options like dual-sourcing, offshoring, or nearshoring, centralised or decentralised sourcing and risk mitigation should be done ahead of time with a forward plan on how solutions may look like within your category strategies. It’ s imperative to conduct thorough cost-benefit analyses to understand the financial implications of various strategies. These insights enable informed decision-making, ensuring that risk management efforts are both effective and economically viable for the company.
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