Risk Management
Helping you with risk identification, evaluation and management
Do you know what your key procurement risks are?
Procurement is a risk management activity. Supply risk, supplier risks, contractual exposure, financial exposure, legislative compliance, data management, health and safety. Your reputation is dependent upon your suppliers.
Our Approach
Risk management involves identifying, analysing and responding to risk factors. Risk appetite or risk tolerance varies from business to business and within that context we will work with you to:
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Evaluate your procurement risks
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Identify the risk owners
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Design the risk register
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Agree the risk management approach including early warning and trigger responses
Outcomes
Having effective risk management helps you to reduce the possibility of risks happening and the impact risks may have on your business. It's an ongoing activity which involves evaluation and assessment across the whole of your business.