Home > Knowledge > Topics and Skills > Risk / Mitigation > Risk Analysis and Management > Opening the Way to Successful Risk Management in Procurement and Supply

Opening the Way to Successful Risk Management in Procurement and Supply

Although high-profile events … have propelled corporate risk management and security into the headlines, they appear to have had relatively little impact on awareness of risk management in procurement.

Information about Opening the Way to Successful Risk Management in Procurement and Supply

Similar to the risks arising in other supply chains, food supply chains can be universally affected by a number of different factors all at once, all resulting in vulnerabilities and potential risks.

For example, in the UK freak weather conditions such as the drought of 2006 and the floods of the summer of 2007, have combined to hit crop yields. Vegetables and wheat have seen particularly large increases, as have milk and other dairy products.

Return to Risk / Mitigation topic.

Related concepts

Supply Chain Risk Resilience

Whilst there are a number of BSI and ISO standards developed for business continuity, risk management and organisational resilience there is no global benchmark that can be used to test...

Find out more

Supply Chain Vulnerability

Examining the vulnerability of an organisation’s supply chain network can be used to identify such risks and weaknesses and produce mitigation strategies and corrective action plans...

Find out more

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)

Find out more