Welcome Thursday, August 28, 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
- Risk tops agenda as automotive suppliers feel the pinch
Fri, 15 Aug 2008 09:24:10 - Profit fears take-off at BA
Wed, 16 Jul 2008 08:25:14 - Increased regulation weighing heavily on supply chain
Fri, 04 Jul 2008 07:57:39 - EADS chief issues warning
Tue, 27 May 2008 09:39:31 - Risk of supply chain fraud increasing, report claims
Wed, 30 Apr 2008 09:40:43
SUPPLY RISK MANAGEMENT ARTICLES
- 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 - Dreamliner supply chain creates a nightmare
Tue, 06 May 2008 15:33:33 - Stock Market jitters give procurement cause for concern
Fri, 25 Jan 2008 15:35:53
SUPPLY RISK MANAGEMENT OPINIONS
- 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.
