About   |   Newsletter
Demand & Supply Chain Management Evolution

Document Detail
Language: English

The role of strategic purchasing and supply management in risk management


Company: CIPS - Chartered Institute of Purchasing & Supply
Tag: Risk Management
Purchasing & Supply
Supply Management

Value generators and value protectors. Procurement’s profile in organisations is on the increase. A wider spend remit is being influenced and internal barriers are being broken. Some of the most valuable assets the purchasing team can bring to an organisation is due diligence of vendor rating and regular detailed monitoring of supplier performance to identify, monitor and manage enterprise-wide risks whilst encouraging innovation and continuous improvement. This has manifested itself through enhanced relationship management skills in purchasing teams both internally and externally.

This resource is yet to be fully exploited and although procurement has made some progress in influencing spend areas such as marketing, human resources and legal services, the skills and value that procurement can add to the purchasing process is yet to be maximised on a company-wide scale. There are vast sectorial differences too, as procurement teams still struggle to make an impact in the service industry, while their presence is deep rooted in manufacturing and retail.


read the full document >>
(external link)

Other Documents of
CIPS - Chartered Institute of Purchasing & Supply
in English

Be prepared EU sustainability legislation and its impact on purchasing and supply management

Carbon Footprints in your business

Commercial Intelligence

CSR is nomore Long Live CSR!

Does PFI encourage or inhibit sustainable procurement?

Ethical sourcing, organisations and brands

Knowledge Now Suppliers fail to find credit insurance

Marketing effectiveness

Measuring Key Suppliers

Patriotism or Protectionism

Risk & Reward in a Global Market Place

Site visits should be 'insight' visits

Standards in Procurement

Supplier in difficulty tips on howto recognise and manage

What is Purchasing and SupplyManagement?

What you measure is not necessarily what you get