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