TODD ABNER
RISK & RESILIENCE
The evolution of risk management SAP recently published a feature looking at how the current procurement market , which , marked by geopolitical conflicts , energy crises , and climate challenges , has been dubbed a ‘ polycrisis ’ by experts .
Samir adds that these supply chain disruptions , often arising from these challenges , have prompted companies to rethink their globalised sourcing strategies . Procurement functions have started to re-evaluate their supply base to get a better handle of the number of sole and single-sourced scenarios and are exploring sourcing alternatives with suppliers with divergent risk profiles .
“ Successful organisations have reassessed their risk and resiliency
“The pandemic served as a big wake-up call to improve systems now or risk unpreparedness down the road ”
TODD ABNER FOUNDER , PRESIDENT AND CEO , OMNIA PARTNERS
TODD ABNER
TITLE : FOUNDER , PRESIDENT AND CEO
COMPANY : OMNIA PARTNERS
INDUSTRY : PROCUREMENT AND SUPPLY CHAIN MANAGEMENT SERVICES
LOCATION : TENNESSEE , US
Todd Abner began his career at Ernst & Young before co-founding HealthTrust Purchasing Group then founding and transforming Horizon Resource Group into OMNIA Partners , the largest public-private procurement organisation , where he serves as founder , president and CEO . A philanthropic leader , he has served as Chairman of the National Coalition of Public Procurement and is actively involved with Pilots N Paws .
practices , including a review of their supplier relationships ,” he adds .
New look for supplier relations As organisations face growing pressure to minimise supply disruptions and shortages in critical areas such as fuel and critical materials , building strong supplier relationships has never been more important .
Alex adds that to improve supplier relationships , many leaders in procurement have worked to streamline
170 October 2024