Risk Procurement is a popular topic in the procurement world. It is a somewhat new topic and not many companies have adopted it fully. The idea is to risk procure a supplier before you commit to a long term contract. When you risk procure a supplier, you can terminate the contract anytime after a set …
Risk Procurement Quiz: Correct Answers and Explanation Read More »
As procurement and supply chain departments have a major impact on the bottom line, students need to brush up on their procurement and supply chain knowledge. In this blog, we will give a supply chain quiz to students from university finance courses. If students do not have a basic knowledge of supply chain and procurement, …
Risk Procurement Quiz Questions For Students In 2023 Read More »
One of the risk management concepts that many people like to forget to incorporate is procurement risk. Whether you’re a supplier to a client of yours or are an equipment supplier, there are risks involved. If you’re procuring for your organization, there’s always a chance that you may be signing a contract that leaves you …
Top 15 Risk Procurement Quiz Questions & Answers Read More »
Risk procurement is the essential part of procurement process. It helps in identification of potential risks and their associated likelihood of occurring. Procurement process is not complete until all the risks are identified and assessed against the business objectives. All businesses have different risk profiles and all the procurement processes are unique to the businesses. …
