Welcome Tuesday, February 09, 2010
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
- European procurement pros must face up to 'new normal'
Tue, 19 Jan 2010 08:49:32 - Fortune 1000 firms ignore risk for 80 per cent of suppliers
Thu, 14 Jan 2010 08:56:57 - Recovery forces firms to change approach to supply risk
Mon, 21 Dec 2009 09:26:45 - Procurement pros in 'prime position' to help businesses
Fri, 20 Nov 2009 10:17:41 - Purchasing managers warned of inflation time bomb
Fri, 23 Oct 2009 09:21:09
SUPPLY RISK COMMENT
SUPPLY RISK MANAGEMENT ARTICLES
- Thought leaders: Supply risk management
Thu, 17 Dec 2009 14:37:23 - Reflections on the US
Tue, 15 Dec 2009 10:11:31 - Executive Masterclass 2009 - Amsterdam
Tue, 15 Dec 2009 10:00:57 - Ask the experts: Is it a ‘V’ or ‘W’ shaped recession?
Mon, 19 Oct 2009 15:59:00 - New sun rises on Japan
Mon, 19 Oct 2009 15:47:37
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: Exit strategy all-important for economic recovery
Tue, 18 Aug 2009 11:27:44 - 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
SUPPLY RISK MANAGEMENT RESEARCH
- European Procurement Card Market
Wed, 10 Oct 2007 15:50:00 - Risk management reloaded: A procurement perspective
Wed, 30 May 2007 11:45:33
