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Risky Business: an Introduction to Procurement Risk Management

The CIPSA paper “The TOP 3 Issues facing the procurement profession”, published in 2005, found that the major issues facing the procurement profession, included how it could demonstrate value to a CEO’s strategic agenda, by contributing to the reduction of business risk; and to ensuring that both strategic and commercial aspects were adequately considered with outsourcing decisions.

Information about Risky Business: an Introduction to Procurement Risk Management

This paper focuses on procurement risk management with an emphasis on the importance of procurement to an organisation’s strategic agenda, and the value the procurement profession can deliver to strategic commercial decisions. This includes contributing to decisions, such as the outsourcing of business processes and functions, which in some organisations may be taken without the involvement of procurement expertise.

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