https://cporising.com/2014/06/03/skills-for-the-modern-procurement-pro-supply-risk-management/?utm_source=rss&utm_medium=rss&utm_campaign=skills-for-the-modern-procurement-pro-supply-risk-management Analyst-led research and intelligence for the procurement community. Sat, 13 Jul 2024 01:08:32 +0000 hourly 1 https://cporising.com/2014/06/03/skills-for-the-modern-procurement-pro-supply-risk-management/comment-page-1/#comment-456 Sat, 06 Feb 2016 10:46:37 +0000 https://cporising.com/?p=13904#comment-456 […] Supply Risk Management is the implementation of strategies to manage both every day and exceptional risks of supply based on continuous risk assessment with the objective of reducing vulnerability and ensuring continuity. Types of supply risk can include financial, operational, reputation, regulatory, business continuity, and political risk. Supply risk is clearly important to procurement, but the attention procurement teams pay to it tends to ebb and flow with business cycles and really only rise after high-profile disruptions. It behooves aspiring chief procurement officers to understand the importance of effectively managing supplier risk, and then embark on a long and consistent record of doing just that. Unfortunately, CPOs rated their staffs as below average when it comes to managing supply/supplier risk. Staying current on risk mitigation best practices can help you improve, as can volunteering to join or lead a cross-functional team focused on an area of supply risk. […]

]]> https://cporising.com/2014/06/03/skills-for-the-modern-procurement-pro-supply-risk-management/comment-page-1/#comment-449 Sat, 06 Feb 2016 10:36:50 +0000 https://cporising.com/?p=13904#comment-449 […] Skills for the Modern Procurement Pro – Supply Risk Management […]

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