Risk Management Process

What we will discuss in this article are the tools and respective functionality we need to consider employing. Each of the following steps make up the RISK MANAGEMENT PROCESS:

  1. Risk Identification
  2. Risk Analysis
  3. [...]

Process View of Supplier Risk

What we will discuss in this article are the tools we need to use in the application of the RISK MANAGEMENT PROCESS (which is the fifth and last article in this series).

Risk Management in Procurement

In case we’ve forgotten, let’s define what RISK IS:

  • Webster’s Dictionary: Exposure to the chance of injury or loss.
  • APICS/ASCM: Decisions and activities that have outcomes that could negatively affect information [...]

Barriers to Risk Management

The barriers to risk are several:

  1. Incentive and Human Nature
  2. Dependence on Supplier Collaboration
  3. Perceived cost of Visibility
  4. Conflicting Objectives
  5. Outmoded Thinking and Assumptions [...]

The WORST Ways to Handle Conflict

In even the very best personal and professional relationships, conflict is inevitable. Our ability (or inability) to handle conflict can make a key difference in the quality of our relationships, our careers, and our lives. Here are t [...]

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