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A Short Guide to Procurement Risk (Paperback, New Ed)
Loot Price: R1,395
Discovery Miles 13 950
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A Short Guide to Procurement Risk (Paperback, New Ed)
Series: Short Guides to Business Risk
Expected to ship within 12 - 17 working days
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Total price: R1,415
Discovery Miles: 14 150
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Increasingly, top executives view supply markets as sources of
competitive advantage and as means of achieving strategic
objectives. Procurement is the management activity that makes this
happen, and this process depends on a superior risk management
capability if it is be effective. Yet, despite its importance,
Procurement Risk Management is surprisingly under-developed. Recent
Global Risk surveys have pinpointed Supply Chain Vulnerability as
one of the four key global risks for the next decade. What is less
well known is that this is only half of the story ... risk
exposures also exist inside the company and can be just as
damaging. No company is an island; it needs suppliers as well as
customers. Conventional wisdom puts great emphasis on managing
certain aspects of business such as customers; operations; strategy
and finances. Typically, however, much less regard is paid to
external suppliers and the risks present in dealing with them. As a
minimum, suppliers are the sources of materials, services and
expert attention which enable the company to feed its business
model. When done well, a risk-aware procurement process provides
the bonus of competitive advantage, with the ability to capitalise,
on the occurrence of unexpected events. This short guide explains
just how to do it. Each chapter explores the topic in hand,
outlines the risks and the remedies available and offers guidance
on the principles and risk prevention.
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