Articles

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:Risk IdentificationRisk AnalysisRisk EvaluationImplement an Actio [...]

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). The graphic/slide denotes the elements of ACTION – We need trained PEO [...]

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 or goods/services within [...]

Barriers to Risk Management

The barriers to risk are several:Incentive and Human NatureDependence on Supplier CollaborationPerceived cost of VisibilityConflicting ObjectivesOutmoded Thinking and Assumptions Difficulty in Valuing Risk Mgt.Let’s describe eac [...]

Risk Management in the Supply Chain

INTRODUCTION:This will be the initial article of five. The titles are:RISK MANAGEMENT IN THE SUPPLY CHAINBARRIERS TO RISK MANAGEMENTRISK IN PROCUREMENTPROCESS VIEW OF SUPPLIER RISKRISK MANAGEMENT PROCESSRISK MANAGEMENT IN [...]

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 the [...]

Are You Ready To Be a Manager AND a Mentor?

Often, the very best person to mentor an employee to succeed in their current role is their manager. If you have a “high-potential” employee on your team and you’ve thought that they could benefit from being mentored by you, here are a fe [...]
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