CPOs are just starting to understand fully the importance big data has on the procurement industry. Use case studies as effective learning tools to help your company prevent a catastrophic event, such as a major data breach. Case studies are a great way to learn from the mistakes of others.
Leverage technology to identify risk areas in your third-party relationships and global supply chain management. Identifying software that mitigates risk for your department may reduce operational expenses in the long run.
A clearly understood and communicated risk appetite statement, as part of a broader framework for the company, will go a long way in strengthening your organizational strategy and overall enterprise risk management approach.