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Managing Digital Risk: A Legal Look at Smart Technologies in the Supply Chain

May-14-2019

Lawyer Richard Corley, Seth  Klerer, Sarah Stothart
Area Technology

Summary

Article originally published in Supply Professional, April 2019

Excerpt from "Managing Digital Risk: A Legal Look at Smart Technologies in the Supply Chain":

As procurement organizations move up the digitalization value chain and acquire and implement increasingly complex and integrated systems, it is critical that the risks  associated with these technologies be identified and managed. End-to-end risk management from technology specification, selection, implementa­tion and integration, through ongoing operations and governance must be achieved through technology acquisition and managed services contracts. Automated contracting systems, such as AI-powered robotic purchasers and block­chain-based smart contracts, also need to be structured and contracted to ensure that liability for failures and errors is addressed.

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