Welcome Tuesday, December 02, 2008
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
- Chinese government goes to work on employment concerns
Fri, 21 Nov 2008 11:11:18 - Scramble for supply could ignite global conflict
Fri, 21 Nov 2008 10:27:18 - Renault announces tightening of supply chain
Tue, 18 Nov 2008 11:04:11 - Tightening credit sending European suppliers into a tailspin
Fri, 14 Nov 2008 09:57:14 - Chinese premier sparks concerns with instability warning
Tue, 04 Nov 2008 11:23:02
SUPPLY RISK MANAGEMENT ARTICLES
- Proactive approach to risk management opens door to salvation
Fri, 21 Nov 2008 10:37:14 - Scarce supplies and a local emphasis - welcome to 2016
Mon, 03 Nov 2008 14:43:00 - Disappearing acts
Wed, 27 Aug 2008 14:43:00 - The Conflict Chain
Wed, 27 Aug 2008 08:45:00 - Worse before it gets better
Tue, 26 Aug 2008 14:15:00
SUPPLY RISK MANAGEMENT OPINIONS
- Opinion: False sense of security
Tue, 21 Oct 2008 14:12:00 - Opinion: Currency roulette
Mon, 16 Jun 2008 11:31:14 - Opinion: Learn to manage risk or pay the price
Thu, 31 Jan 2008 09:07:45 - Opinion: Joined-up thinking is needed
Mon, 29 Jan 2007 14:47:03 - Opinion: Giving software the hard sell
Wed, 01 Feb 2006 21:59:16
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.
