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Short Guide to Procurement Risk

Name: Short Guide to Procurement Risk
Brand: Taylor & Francis Ltd
SKU: 17871936
Price: 264.29 EUR
Availability: InStock
Author: Richard Russill
ISBN: 9781138465602

Richard Russill

Език

Английски език

Книга С твърди корици

Код Либристо: 17871936

Издателство Taylor & Francis Ltd, август 2017

Increasingly, top executives view supply markets as sources of competitive advantage and as means of... Цялото описание

Код Либристо: 17871936

639 b

264.29 €

516.91 лв

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Increasingly, top executives view supply markets as sources of competitive advantage and as means of achieving strategic objectives. Procurement is the management activity that makes this happen, and this process depends on a superior risk management capability if it is be effective. Yet, despite its importance, Procurement Risk Management is surprisingly under-developed. Recent Global Risk surveys have pinpointed Supply Chain Vulnerability as one of the four key global risks for the next decade. What is less well known is that this is only half of the story ... risk exposures also exist inside the company and can be just as damaging. No company is an island; it needs suppliers as well as customers. Conventional wisdom puts great emphasis on managing certain aspects of business such as customers; operations; strategy and finances. Typically, however, much less regard is paid to external suppliers and the risks present in dealing with them. As a minimum, suppliers are the sources of materials, services and expert attention which enable the company to feed its business model. When done well, a risk-aware procurement process provides the bonus of competitive advantage, with the ability to capitalise, on the occurrence of unexpected events. This short guide explains just how to do it. Each chapter explores the topic in hand, outlines the risks and the remedies available and offers guidance on the principles and risk prevention.