Measurement and Management: Your Supply Risk Management 2016 Game Plan (Part 4) [Plus+]

Supply risk management Pavle/Adobe Stock

As our examination of supply risk management best practices for 2016 continues, we turn our attention to measuring supply risk scoring in business terms, incorporating variation and volatility into risk models beyond just structural complexity and fully considering supply risk management as an embedded process. Taken as a whole, this four-part Spend Matters Plus series collectively provides an outlook on how best to define and manage supply risk programs in 2016, based on lessons learned from leaders. Part 1 defined the major risk categories to which an organization is exposed. Part 2 discussed a risk management strategy based on global contemplation and local implementation, and part 3 discussed risk and reward alignment.

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