The payoff
When procurement weaves in cyber resilience, you don’t just avoid losses; you create an advantage. You recover faster than rivals. You protect customer trust. You maintain operations when others stumble. That is not an extra cost. That is an advantage.
Resilience is not an extra cost. It’s strategic insurance. It is the reason your savings last instead of evaporating in the next breach.
Short-term procurement savings look good in board reports. But when cyber incidents strike, those savings often collapse into losses. You don’t want to be the leader explaining how millions saved turned into billions lost.
The takeaway is clear: Cost efficiency and resilience are not enemies. They are allies when appropriately governed. Procurement must evolve from cheapest supplier wins to most sustainable partner wins.
As a leader, your call is clear. Redefine procurement’s mandate. Add cyber resilience to the scoreboard. Demand metrics beyond cost. Stress-test decisions. Elevate procurement from bargain hunter to resilience builder.
Being penny-wise but pound-foolish is not just careless. It’s existential.
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