Energetica India - June 2020

RENEWABLE BUSINESS MANAGEMENT energetica INDIA- June_2020 57 According to a Price Water house Coopers (PwC) report from Netherlands, 90% of organisations have indicated that their key suppliers show a willingness and have the ability to col- laborate. A company’s procurement target should enable it to build a strong business performance, sustainable purchasing processes and to secure the availability of right materials and services considering the needs and requirements of the busi - nesses. While overcoming challenges, organisations must aim for open and effective collaboration, establishing a minimum amount of trust and respect with suppliers to create value for both parties. While more businesses have become aware of risks that can harm their organisations, only a few are able to implement ad- equate measures that allow their processes to cope with these risks. Those with mature supply and risk management practic- es are more resilient and less vulnerable to disruptions and re - cover faster. Companies that invest in building robust supplier relationships are better able to endure disruptions than those that fail to do so.