Digitization-Induced Risks in Procurement 4.0 | 
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Management of a Changed Risk Situation due to Industry 4.0
| Journal | Industrie 4.0 Management |
| Issue | Volume 38, 2022, Edition 3, Pages 16-20 |
| Bibliography | Share | Cite | Download |
Abstract
Procurement 4.0 represents comprehensive information technology networking with suppliers. This enables the automation of the operational procurement process and forms the basis for closer collaboration with strategic suppliers. However, such networking is also accompanied by risks which can sustainably reduce the success of procurement. After an assessment of digitization-induced risks it is shown that a trade-off between relationship and supplier risks takes place, depending in the intensity of the network.
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Solutions: Procurement
