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About A Short Guide To Procurement Risk: Richard Russill
This document provides an overview of procurement risk and the need for effective risk management. Some key points: - Procurement is essential for all businesses and organizations as no company is self-sufficient, relying on external suppliers for resources. However, procurement activities also expose organizations to various risks. - Supply chain vulnerabilities, commodity price fluctuations, contract non-compliance, fraud, and supplier issues can all negatively impact business performance through increased costs, lost profits, and damaged reputation. Ignoring these risks can seriously harm long-term shareholder value and organizational effectiveness. - Effective procurement risk management is needed to identify risks, protect core business operations from supply disruptions and other threats, and help ensure profitable survival for private businesses
Detailed Information
| Author: | ['Roberto Yoshio Inoue'] |
|---|---|
| Publication Year: | 2011 |
| Pages: | 19 |
| Language: | English |
| Format: | |
| Price: | FREE |
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