What does successful risk management in procurement look like?
Our white paper Risk Management in Procurement provides the answer – with clear recommendations, practical strategies, and a best-practice framework you can directly apply within your organization.
What You’ll Find Inside
The whitepaper walks you through each phase of a best-practice risk management approach – from risk identification and assessment to management and continuous monitoring. It includes guiding questions and practical tools to help you strengthen your risk management. Readers also gain insights on how to move from reactive measures to a proactive, resilience-driven strategy.
What Sets Leading Organizations Apart in Risk Management?
Leading organizations excel by implementing the following success factors:
- Systematic risk management process: covering identification, assessment, mitigation, and continuous monitoring.
- Clear overview of key risks: such as supply disruptions, supplier insolvencies, price and quality risks, and sustainability risks.
- Established measures at all levels:
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- Reactive (e.g., task forces)
- Proactive (e.g., supplier risk conferences)
- Strategic (integration into category strategies)
- Risk governance with KPIs: a cross-functional risk control tower to ensure transparency and steer risk end-to-end.
- Organizational anchoring: clear roles, ongoing training, and a strong risk-aware culture.
- Digital enablement: leveraging modern tools and AI for early detection and prevention.
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