BOP_QA4. How do you identify and mitigate risks in the procurement process ?

Описание: Title: Risk Management in Procurement: Identification and Mitigation Strategies | Basics of Procurement Series


Description:
Welcome to another insightful episode of our "Basics of Procurement" series. Today, we delve into a critical aspect of procurement that ensures the resilience and efficiency of supply chains: "How do you identify and mitigate risks in the procurement process?"


Risk management in procurement is essential for maintaining operational continuity and protecting the financial and reputational integrity of any organization. This video offers expert guidance on the entire risk management process, from initial risk identification through to the development and implementation of effective mitigation strategies. Learn about common risks in procurement, such as supplier failure, contractual risks, and market volatility, and discover practical tools and techniques for minimizing these risks.


Ideal for procurement professionals looking to strengthen their risk management practices, students of supply chain management, and anyone interested in the strategic aspects of procurement, this episode is packed with valuable insights and actionable advice.


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