Taking Intelligent Risks with Mark Trowbridge
By Kelly Barner | April 19, 2023
We’ve all been mired in years of paralyzing risk and disruption… but could risk taking be just what this moment calls for? Yes – as long as the risks are “intelligent risks.”
In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Mark Trowbridge. Mark is an experienced procurement leader with a broad area of focus including sourcing, supply management, contracts management, supplier relationship management, risk management, and inventory management.
He is also a published author and speaker whose business travels have taken him throughout North America, Europe, Asia, Malaysia, and the Middle East.
In this interview, Mark explains what “intelligent risks” are and how procurement can prepare themselves to take them:
- The important role that data, insight, and research play in procurement’s ability to decide if risks are intelligent or not
- How procurement’s relationships with suppliers can either allow them to or prevent them from taking intelligent risks
- The culture of accountability and continuous learning that has to exist for intelligent risk taking to thrive