PROCUREMENT INSIGHTS

Risk Management

The goal is not to avoid risk or predict it perfectly, but to be prepared to meet the challenges that arise with or without notice.

Every effort procurement leads has a level of risk associated with it: sole source v. dual source, recession planning and regulatory shifts, cyber security and geopolitical instability. In fact, risk is so unavoidable that procurement should take steps to address it as ‘just another’ part of spend management, one that can be a problem or an opportunity, depending on how you look at it.

Set your own proactive mindset by reading and listening to the following resources about risk management.

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