Financial Risk

Supply chains face a number of financial risks and procurement need to manage the exposure and impact of these risks on the organisation. Some of the financial risk are, but not exclusive to foreign exchange risk, volatility risk, inflation risk, business risk, legal risk, reputational risk, operational risk and market risk. As with risk management in general, the financial risks to the organisations need to be identified, measured and strategies implemented to manage these risks to the organisation.


Managing Supply Risk: Are you prepared for a Black Swan Event?

Supply Chains are often one issue away from a major disruption in today’s volatile world, hence procurement teams who can quickly identify, diagnose and resolve supply chain issues and risks will be in the best position to weather the storms. In the whitepaper Rapid Ratings discuss the major risks and what risk mitigation strategies could be adopted during the souring process to manage and reduce the risk to the organisation.

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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...

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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...

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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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