Welcome Saturday, February 04, 2012
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
- Xstrata and Glencore mull $80bn 'merger of equals'
Fri, 03 Feb 2012 11:10:03 - High yen 'killing' Japanese component suppliers
Fri, 03 Feb 2012 10:42:52 - Profit drop does not sour supply chain investment for Kellogg
Fri, 03 Feb 2012 10:17:49 - Shell warns of 'continued high volatility' in energy markets
Thu, 02 Feb 2012 11:19:41 - US warned of imminent rare earth shortage
Thu, 02 Feb 2012 10:37:09
SUPPLY RISK COMMENT
SUPPLY RISK MANAGEMENT ARTICLES
- Profile: American Airlines' John MacLean on navigating economic turbulence
Sun, 23 Jan 2011 15:22:49 - Roundtable: Future challenges, London
Sun, 23 Jan 2011 15:13:25 - In Focus: Fears over Euro collapse
Sun, 23 Jan 2011 15:03:52 - In Focus: Supply-chain terrorism
Sun, 23 Jan 2011 15:01:28 - The global impact of China's dominance of rare earth metals
Sun, 23 Jan 2011 14:08:11
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: Stability threatened by currency tensions
Sun, 23 Jan 2011 15:38:28 - World View: Unstable period presents an opportunity for procurement
Tue, 29 Jun 2010 09:40:15 - 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
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
