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About Five Easy Steps To Risk Management in Procurement - Supply Chain Management Review
The document discusses five steps to risk management in procurement: 1) identifying risks, 2) analyzing risks based on impact and likelihood, 3) ranking risks based on analysis, 4) developing mitigation strategies, and 5) monitoring risks over time. It then discusses the risk of unexpected price increases from suppliers and ways to mitigate this risk, such as limiting price increases, leveraging procurement consulting organizations, or working with group purchasing organizations who can guarantee rates won't increase.
Detailed Information
| Author: | ['Manish Bodal'] |
|---|---|
| Publication Year: | 2020 |
| Pages: | 6 |
| Language: | English |
| Format: | |
| Price: | FREE |
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