The 8 Supplier Risk Factors You Should Be Protecting Your Company From

In today’s Friday Episode of The Art of Procurement, I want to talk about procurement and risk management.

Back in episode three with Geoff Talbot, Geoff talked about risk and risk management, and it being a way that procurement can provide real value over and above just a particular measurement of cost savings.

It’s a topic that I want to cover in some considerable depth on the Art of Procurement over the course of 2016 but today I am going to keep things relatively high level and cover eight different risk factors that we could be protecting our companies against.

iTunes | Subscribe | Rate & Review

“The identification, mitigation and management of supplier risks will become a key way that Procurement adds value going forward.”

8 Supplier Risk Factors

The 8 Supplier Risk Factors that I discuss in this episode are:

1. Geopolitical risk
2. Concentration risk
3. Strategic risk
4. Reputational risk
5. Compliance risk
6. Operational risk
7. Financial risk
8. Contractual risk

Links and Resources:

• Episode 28: How to Start Building a Procurement Data Analytics Program, with Eliot Knudsen
• Email contact@artofprocurement.com
• Art Of Procurement on Twitter