Risk analysis and management are techniques applied to ensure that contracts are successful. By adopting a ‘what-if’ mind-set it allows procurement to identify and assess the risks and prioritises them by aligning relevant resources to monitor, control and minimise or overcome the impact.
Global supply chain risk grew to a record high at the end of 2016.
The Index, produced for the Chartered Institute of Procurement & Supply (CIPS) by Dun & Bradstreet economists, tracks the impact of economic and political developments on the stability of global supply chains.
Global supply chain risk climbed in the second quarter of 2016, reaching the highest levels since records began in 1995, according to the CIPS Risk Index.
The Index, produced for the Chartered Institute of Procurement & Supply (CIPS) by Dun & Bradstreet...
The full impact of Brexit is still unfolding, but in the near term uncertainty is likely to elevate supply chain risk
Based on more than 70% of usual replies to the regular UK monthly PMI surveys, the flash release will contain survey indices relating to manufacturing and services as well as a set of weighted-composite indices reflecting economic trends across the two sectors...
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Risk management ... should be about lessening the impact of what we don’t understand - not a futile attempt to develop sophisticated techniques and stories that perpetuate our illusions...
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... It's essential to have a disciplined process in place to identify, prioritise, and manage the wide range of risks that can impact your supply chain (Dittman)
Minimizing risk is crucial for anyone in charge of a complex system, and traditional approaches aren’t good enough (Sargut and McGrath)