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The value (ROI) of risk management
10/23/2024
Pixabay
As part of our third-party/supply chain risk management (TPRM/SCRM) series, today we address the ROI of risk management.
As we inferred in our exploration of the types and sources of risk, risk management done well can reap rewards, just as risk management ignored can reap chaos.
The breadth and depth of risk types and sources can be overwhelming for organizations and even costly if left unchecked. But there is also massive potential. The value that risk management brings can be considered in terms both of avoiding ‘shocks’ and recovering after a ‘shock’ or risk event – this article explores both.
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Related Articles
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CORE03/13/2020
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SXM12/06/2021
-
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SOURCING01/03/2019
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AP/I2P
CO2
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S2C
S2P
SOURCING
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