Risk Management Archives - Page 7 of 11

You’re only as good as the quality of your suppliers – but do you measure their quality?

‘Failure of a supplier to deliver goods on time and of high quality’ ranked third in an AMR Research study of the top supply chain risks for businesses in a global environment. Ranked fourth was ‘product quality failure’. With all the concerns facing global supply chains, one of the largest is product quality. Ensuring […]

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19 checks to evaluate supply risk

Leave a Comment / Risk Management, Supply Chain Management SCM / Editor

Supply risk comes in many forms. You can mitigate one type of supply risk but be victimized by another. The following supply risk checklist, from Next Level Purchasing, can help you identify and prevent common risks of taking on board a critical new supplier. 1. Research the supplier’s reputation. 2. Evaluate the probability of

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3 supply chain lessons from the mismanagement of the EBOLA disaster

Leave a Comment / e-Procurement, Global Sourcing, Risk Management / Editor

The current outbreak of Ebola is the largest and most complex since its discovery in 1976, exceeding the sum of all previously identified cases. In October 2014, The World Health Organisation announced that there could be 10 000 new cases of Ebola per week and the current outbreak’s mortality rate had increased to 70%.

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Are procurement professionals really at the root of corrupt practices?

Leave a Comment / Commentary, Professional Development, Public Sector Procurement, Risk Management / Editor

The details of procurement scandals are frequently published. Numerous investigations, reports and articles have described purchasing agreements that suffer under corruption and fraud. But, very seldom does one read about corruption and bribes in sales and marketing (the main counterparts of the procurement profession). Without defending the procurement or supply chain profession, does it

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How fine is the line between collaborative supply chain relationships and unethical supplier selection?

Leave a Comment / Risk Management, Sourcing Strategy, Supplier Management, Supplier Partnerships, Supply Chain Management SCM / Editor

When does a collaborative supply relationship become unethical? When parties are driven by the objective of creating a mutual gain, is it fair that a single supplier is privy to information about the buyer’s operations – information that is excluded from the open market for every other supplier to have a fair chance to

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Inefficient procurement cost Africa $31.5-billion – KPMG survey

Leave a Comment / Commentary, Legal / Contract, Procurement Strategy, Public Sector Procurement, Risk Management, Supply Chain Management SCM, Top Stories / Editor

Ineffective procurement, expressed as value leakage, is estimated to have cost the African continent $31.5-billion, revealed KPMG in a recent report. Sub-Saharan Africa contributed $24.9-billion to that amount. While the report noted that the role of procurement in organisations was becoming increasingly strategic, 73% of C-level executives polled during KPMG’s Power of Procurement 2.0

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People fail, not suppliers…

Leave a Comment / Enterprise Development, Professional Development, Risk Management, Supplier Partnerships, Supply Chain Management SCM, Top Stories / Editor

Being an entrepreneurial supplier is exhilarating, but at times challenging. In fact, supply relationship managers involved in enterprise development may have sleepless nights wondering if their small or self-employed suppliers may be considering throwing in the towel because their businesses are not working. Don Pitsoe, Business Mentor at The Hope Factory offers 10 words

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Managing supply risk – asking suppliers to share your supply risk

Leave a Comment / Contract Management, Risk Management, Supplier Management, Supply Chain Management SCM, Top Stories / Editor

Every business faces risks – the probability of events occurring – that can or will present challenges to their operations. Risk management is the practice of using processes, methods and tools to identify the level of probability, and then manage the ensuing risks. In practice, this means identifying in advance what can go wrong

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Is your small supplier an entrepreneur or an opportunist?

Leave a Comment / Enterprise Development, Procurement Strategy, Risk Management, Supplier Management, Supplier Partnerships, Supplier Selection, Supply Chain Management SCM, Top Stories / Editor

While “entrepreneurship” is often assumed to be directly related to “passion”, this is not necessarily the case. With an increasing number of individuals choosing to step into the entrepreneurial space as a means of financial survival, buyers need to have clarity about the driving force behind their SME suppliers. If it’s all just about

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Zambia managing medical supply chain with ‘cutting-edge technology’

Leave a Comment / Commentary, Demand Management, Procurement Strategy, Risk Management, Supply Chain Management SCM, Top Stories / Editor

IBM is working with the Zambian government to set up a new medical supply chain pilot project to better manage inventory and delivery of medicines, reports Supply Management. The collaboration with the Zambian Ministry of Health will make 200 life-saving drugs more widely available. According to IBM, the public health sector in Zambia registers

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