Art of Procurement’s latest whitepaper ‘Implementing a Framework Around Global Supplier Risks’ discusses the critical role of risk assessment and how procurement can build a proactive framework that will help minimise risk and its impact on the business.
The specialist content provider for global procurement leaders says, “Every procurement team should expect and prepare to manage risk. Whether it is operational, financial, geopolitical, regulatory, environmental or otherwise, risk in every form is an inevitable consideration in an increasingly complex network of global suppliers.”
It adds “Having a risk assessment framework in place is essential for procurement’s success, making it possible to develop mitigation and monitoring strategies that safeguard the business against risk events.”
Produced in partnership with YCP Consus, the paper covers:
- Best practices and processes for assessing and monitoring risk
- How to conduct a comprehensive risk assessment while keeping one eye on outliers, both good and bad
- The most important mitigation strategies procurement should put in place to improve the chances of minimising disruption or damage to the business
