Welcome Saturday, July 04, 2009
Risk Management
Warren Buffet famously said that "risk comes from not knowing what you're doing". Although this is certainly true, it falls short of explaining the plethora of risks modern businesses and their procurement functions face - suppliers and supply chains can stretch globally, opening them to anything from natural disasters to terrorist attacks.
For procurement, risk management represents the process of measuring or assessing risk and then developing the right strategies. Often, however the strategies are inadequate to cope. They are designed as mere continuity plans and filed away.
Procurement needs to address risk management head on, incorporating it within corporate strategies, integrating it within the business and defining its importance across the organisation.
SUPPLY RISK MANAGEMENT NEWS
- Tesco under fire for supplier relations
Fri, 03 Jul 2009 08:42:06 - UK manufacturing slump slows
Fri, 03 Jul 2009 08:15:01 - Supplies run dry at drinks retailer
Wed, 01 Jul 2009 07:48:51 - Automotive supplier on the brink
Fri, 26 Jun 2009 07:53:11 - Analysis: Worrying disconnect between finance and procurement
Wed, 24 Jun 2009 07:48:11
SUPPLY RISK COMMENT
SUPPLY RISK MANAGEMENT ARTICLES
- Will the green shoots of recovery wither?
Thu, 11 Jun 2009 17:19:10 - Roundtable: Risk Management, New York
Fri, 17 Apr 2009 16:38:42 - US anti-terrorist inspired trade regulations up and running
Wed, 25 Feb 2009 11:18:22 - Danger ahead
Wed, 17 Dec 2008 08:28:00 - Suppliers facing a bleak 2009
Tue, 16 Dec 2008 10:22:00
SUPPLY RISK PRESENTATIONS
The Big Debate. What is the future of procurement?
Procurement has already changed in most large organisations from a mainly transactional back office role to a more central, strategic function with executive-level reporting lines. But how will the changing economic and supply market dynamics, as well as new trends, affect your operations in the next 5 years?
‘CPO Talk’ - How to tackle raw materials and commodity inflation
No company can escape overall trends and in current times of rising commodity prices and inflation there is only so much we can do. However, the pressure for procurement is on and even small victories can offer competitive advantage and reduce the negative impact to the bottom line.
SUPPLY RISK MANAGEMENT OPINIONS
- Economic View: Beware of a recovery
Fri, 12 Jun 2009 10:38:19 - Economic View: Making a PIIGS ear of it
Thu, 16 Apr 2009 15:06:08 - Economic view: False sense of security
Tue, 21 Oct 2008 14:12:00 - Economic view: Currency roulette
Mon, 16 Jun 2008 11:31:00 - Opinion: Learn to manage risk or pay the price
Thu, 31 Jan 2008 09:07:45
SHOWCASED RESEARCH
Risk management and procurement – two areas that have recently been the focus of numerous studies, discussions and scientific journals and articles.
It sometimes seems that everything that needs to be said about these topics has in fact been said – just not by everyone. Yet so often, these disciplines are regarded as discrete entities, which in turn leads to the interface between procurement and risk management becoming a blind spot. And this is precisely where this study comes in.
