Building Resilient Supply Chains: The Role of Procurement in Crisis Management and Business Continuity

Abstract

The resilience of supply chains has become a critical factor in ensuring business continuity and effective crisis management. This paper explores the pivotal role of procurement in building resilient supply chains that can withstand disruptions such as natural disasters, geopolitical tensions, and economic shifts. Resilient supply chains are characterized by their agility, flexibility, and ability to adapt to changing conditions while maintaining operational continuity. The procurement function is essential in this context, as it involves strategic sourcing, supplier relationship management, and risk assessment to identify vulnerabilities and develop contingency plans. By fostering collaboration with suppliers and leveraging technology for real-time data visibility, organizations can enhance their responsiveness to market changes. Furthermore, adopting a proactive approach to demand planning and diversifying supplier networks can mitigate risks associated with supply chain disruptions. This study emphasizes that a resilient supply chain not only safeguards against potential crises but also positions businesses for long-term success by enabling them to respond effectively to customer needs and market demands