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.
Use CIPS risk tools to help identify, evaluate and manage these potential and actual risks that can impact an organisation and its supply chain, to help you to implementstrategies to mitigate and manage those risks.
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Managing Risk - Robust Risk Assessments, Systems and Accreditations for Suppliers
5 Step Approach To Risk Management
5 Steps To Improve Supply Chain Visibility
Webinar: How can AI support risk management?
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...
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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...
Minimizing risk is crucial for anyone in charge of a complex system, and traditional approaches aren’t good enough (Sargut and McGrath)