Supply Chain Now Radio

How are procurement and IT leaders addressing the growing challenges of cybersecurity in 2024?In this episode, Scott W. Luton is joined by Richard McVay, Senior Director and IT Telecom Subject Matter Expert at OMNIA Partners, to dive into the increasingly complex world of procurement technology and cybersecurity. With cyber threats like ransomware and third-party breaches on the rise, Richard shares how businesses can protect their operations while optimizing procurement strategies.The discussion covers real-world examples of how companies are leveraging advanced procurement tools to streamline processes, safeguard sensitive data, and improve decision-making. Richard also emphasizes the importance of bridging the gap between IT and procurement, the cost of running RFPs, and why aligning these functions is essential to staying competitive. Jump into the conversation:(00:00) Intro(04:26) What the OMNIA partners team does(16:57) The high costs of poor or unsuccessful solutions(22:45) Newer technologies permeatin