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How To Integrate The Identification Of Risk Into The Sourcing Process

By April 1, 2016 June 1st, 2020 One Comment
Philip Ideson Procurement Risk Sourcing

Today, I am going to continue a topic that I first started to discuss a couple of weeks ago on the topic of risk. We have heard a number of guests talk about the growing importance of risk, and procurement’s role in monitoring, mitigating and managing risk.

I received a listener question related to that show that I think was a great question. The question was: How do you integrate the identification of risk into the sourcing process?

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“What is important is that you have a consistent process that determines whether a supplier should be monitored for certain risks, and what those risks are.” 

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Thanks for Listening!

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