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Risk Analysis and Management


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.

CIPS Procurement Topic

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2016 the year of economic nationalism as supply chain risk reaches record high

Date: Monday, February 13, 2017

Global supply chain risk grew to a record high at the end of 2016.

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Global supply chain risk grows as international commitment to globalisation falters

Date: Wednesday, November 09, 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.

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Global supply chain risk climbed in the second quarter of 2016, reaching the highest levels since records began in 1995

Date: Thursday, September 01, 2016

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.

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Global supply chain risk climbed to record highs, driven by uncertainty around the UK’s departure from the EU

Date: Monday, August 22, 2016

The full impact of Brexit is still unfolding, but in the near term uncertainty is likely to elevate supply chain risk

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Flash UK PMI to be released Friday 22 July 2016

Date: Wednesday, July 20, 2016

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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Related training course

Procurement risk management

Date:

Tuesday 20 June 2017

Venue:

De Vere Devonport House

Address:

London

Fee:

Members - £720.00 per person
Non-members - £800.00 per person

View Course

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Related concepts

Supply Chain Risk Management (SCRM)

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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Supply Chain Security Management

... 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)

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Risk Management in Purchasing and Supply Management

Minimizing risk is crucial for anyone in charge of a complex system, and traditional approaches aren’t good enough (Sargut and McGrath)

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