A Short Guide To Procurement Risk

Author : Richard Russill
Publisher : Routledge
Page : 142 pages
File Size : 43,6 Mb
Release : 2017-05-15
Category : Business & Economics
ISBN : 9781351961608

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A Short Guide to Procurement Risk by Richard Russill Pdf

Increasingly, top executives view supply markets as sources of competitive advantage and as means of achieving strategic objectives. Procurement is the management activity that makes this happen, and this process depends on a superior risk management capability if it is be effective. Yet, despite its importance, Procurement Risk Management is surprisingly under-developed. Recent Global Risk surveys have pinpointed Supply Chain Vulnerability as one of the four key global risks for the next decade. What is less well known is that this is only half of the story ... risk exposures also exist inside the company and can be just as damaging. No company is an island; it needs suppliers as well as customers. Conventional wisdom puts great emphasis on managing certain aspects of business such as customers; operations; strategy and finances. Typically, however, much less regard is paid to external suppliers and the risks present in dealing with them. As a minimum, suppliers are the sources of materials, services and expert attention which enable the company to feed its business model. When done well, a risk-aware procurement process provides the bonus of competitive advantage, with the ability to capitalise, on the occurrence of unexpected events. This short guide explains just how to do it. Each chapter explores the topic in hand, outlines the risks and the remedies available and offers guidance on the principles and risk prevention.

Author : Helena Haapio,George J. Siedel
Publisher : Routledge
Page : 232 pages
File Size : 54,6 Mb
Release : 2017-03-02
Category : Law
ISBN : 9781351961844

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A Short Guide to Contract Risk by Helena Haapio,George J. Siedel Pdf

Savvy managers no longer look at contracting processes and documents reactively but use them proactively to reach their business goals and minimize their risks. To succeed, these managers need a framework and A Short Guide to Contract Risk provides this. The foundation of identifying and managing contract risk is what the authors call Contract Literacy: a set of skills relevant for all who deal with contracts in their everyday business environment, ranging from general managers and CEOs to sales, procurement and project professionals and risk managers. Contracts play a major role in business success. Contracts govern companies' deals and relationships with their suppliers and customers. They impact future rights, cash flows, costs, earnings, and risks. A company's contract portfolio may be subject to greater losses than anyone realizes. Still the greatest risk in business is not taking any risks. Equipped with the concepts described in this book, business and risk managers can start to see contracts differently and to use them to find and achieve the right balance for business success and problem prevention. What makes this short guide from the authors of the acclaimed Proactive Law for Managers especially valuable, if not unique, is its down-to-earth managerial/legal approach. Using lean contracting, visualization and the tools introduced in this book, managers and lawyers can achieve legally sound contracts that function as managerial tools for well thought-out, realistic risk allocation in business deals and relationships.

Author : Martin Samociuk,Nigel Iyer
Publisher : Routledge
Page : 196 pages
File Size : 55,6 Mb
Release : 2017-05-15
Category : Business & Economics
ISBN : 9781351961691

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A Short Guide to Fraud Risk by Martin Samociuk,Nigel Iyer Pdf

A Short Guide to Fraud Risk is for: * anyone who needs to better understand fraud risks, either company-wide, or in a specific business unit; * directors and managers who would like to add value by building fraud resistance into their organization and to demonstrate to shareholders, regulators or other stakeholders that they are managing fraud risks, rather than just reacting to incidents; * regulators, auditors and compliance professionals who need to assess the effectiveness of an organisation's fraud prevention measures. The book gives a concise but thorough introduction to the risk of fraud based on a six-element strategy. It includes practical steps to assess and treat fraud risks across an organisation, including those relating to executive directors. It also provides practical steps to develop fraud awareness across an organisation and how to implement an effective fraud detection and incident management program. The application of the principles is illustrated with example documents and numerous case studies aimed at assisting the reader to implement either individual elements or a complete fraud risk management strategy.

Author : David Tattam
Publisher : Gower Publishing, Ltd.
Page : 260 pages
File Size : 53,6 Mb
Release : 2011
Category : Operasyonel risk
ISBN : 0566091836

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A Short Guide to Operational Risk by David Tattam Pdf

Advocates that the key to embedding an effective risk culture lies in raising the awareness of risk at every level of an organisation. Takes the reader through the process of identifying, assessing, quantifying and managing operational risk. Includes graphs, tables and short examples.

Author : Mr Carlo Patetta Rotta
Publisher : Gower Publishing, Ltd.
Page : 172 pages
File Size : 48,9 Mb
Release : 2012-10-28
Category : Business & Economics
ISBN : 9781409458739

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A Short Guide to Ethical Risk by Mr Carlo Patetta Rotta Pdf

Following corporate scandals and the recent bankruptcy of large financial institutions, the public believes that one of the responsibilities of governments, regulators and corporate executives is to do business in compliance with basic ethical values. It is now acknowledged that there has been a general decline in ethical standards in the business world, perhaps due in part to a celebrity culture that overvalues wealth and shallow notions of 'success'. Ethics used to be discussed only by philosophers and academics, but it is now apparent to business leaders that companies wishing to survive into the future have to develop effective protection against exposure to 'ethical risk'. This Short Guide, written by a professional with diverse international experience in auditing and fraud prevention who has specialised in ethics-related issues, serves as a resource for all who need a more complete view of the subject and practical guidance to inform their daily business decisions. Providing an overview of the theories of ethics that bear on today's business world, from Adam Smith's liberalism to stakeholder theory, the Guide explains the human behaviour that gives rise to fraud and corruption in terms of a "fraud triangle theory" according to which unethical behaviours happen when three risk components - psychological pressure, opportunity and rationalisation - are present. 'Pressure' is linked to the unfortunate superstar culture, while 'opportunity' can be reduced through application of adequate control mechanisms and corporate governance models. 'Rationalisation' has to do with the ability of an honest individual to justify a dishonest action in his own eyes. Ethics bears directly on this component and an ethical approach can prevent such self-justification. The adoption of appropriate company cultures and corporate governance models, the selection and retention of ethically sound staff and implementation of fair incentive systems are all advocated by the author, who describes the roles within an organisation of the Audit Committee and the Compliance Function. Additionally, the Guide offers a range of tools that can be applied by practitioners in the field, such as codes of conduct, compliance programmes, whistle blowing procedures and risk management processes.

Author : Mr Tony Morden
Publisher : Gower Publishing, Ltd.
Page : 196 pages
File Size : 55,7 Mb
Release : 2012-09-28
Category : Law
ISBN : 9781409459071

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A Short Guide to Equality Risk by Mr Tony Morden Pdf

A Short Guide to Equality Risk analyses the concepts, theories, and issues associated with the implementation in organisations and the service environment of an Equality, Diversity, and Discrimination (EDD) Agenda. Whether from a business, political, social, legal or medical view, the risks of failure of EDD compliance are escalating, be it in terms of cost, the possibility of damage to reputation, or the potential for loss of government or public sector contracts. Using the insights and specialised medico-legal knowledge he has acquired in the course of successfully defending his own rights, Tony Morden examines the subject from leadership, governance, management, opportunity, and performance-oriented perspectives. By using case studies and drawing on a growing body of international experience, the author analyses components of an EDD Agenda: equality, diversity, opportunity, and discrimination; and examines issues and dilemmas associated with implementing such an agenda. He offers a strategic and performance-oriented overview of the issues of leadership, prioritisation, management process, managing architectures, and the application of performance and risk management concepts. Written from a scholarly perspective, but in a practitioner-oriented and reader-friendly manner, this addition to the series of short guides to business risk provides a credible, strategic, and implementation-based overview of what is becoming a critically important, politically sensitive, and high risk subject.

Author : David Hillson,Ruth Murray-Webster
Publisher : Routledge
Page : 168 pages
File Size : 44,8 Mb
Release : 2017-03-02
Category : Business & Economics
ISBN : 9781351961547

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A Short Guide to Risk Appetite by David Hillson,Ruth Murray-Webster Pdf

How much risk should we take? A Short Guide to Risk Appetite sets out to help all those who need to decide how much risk can be taken in a particular risky and important situation. David Hillson and Ruth Murray-Webster introduce the RARA Model to explain the complementary and central roles of Risk Appetite and Risk Attitude, and along the way they show how other risk-related concepts fit in. Risk thresholds are the external expression of inherent risk appetite, and the challenge is how to set the right thresholds. By progressively deconstructing the RARA Model, the authors show that the essential control step is our ability to choose an appropriate risk attitude. The book contains practical guidance to setting risk thresholds that take proper account of the influences of organisational risk culture and the individual risk preferences of key stakeholders. Alongside this, individuals and organisations need to choose the risk attitude that will optimise their chances of achieving the desired objectives.

Author : Randal Wilson
Publisher : Unknown
Page : 128 pages
File Size : 49,7 Mb
Release : 2015
Category : Project management
ISBN : 0133838536

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Mastering Risk and Procurement in Project Management by Randal Wilson Pdf

Author : Ms Catherine Truel
Publisher : Gower Publishing, Ltd.
Page : 148 pages
File Size : 42,7 Mb
Release : 2012-09-28
Category : Business & Economics
ISBN : 9781409458807

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A Short Guide to Customs Risk by Ms Catherine Truel Pdf

The historic growth in world trade, large container ships and information technology have triggered profound changes in international trade. A few years ago, customs officers at the border were meticulously checking goods and documents before releasing a shipment to the trader. A business could be confident that a shipment that had cleared customs complied with all applicable regulations. Today, to reduce congestion and give the trade quick access to their goods, customs have introduced risk management principles and a large number of shipments clear customs automatically. Controls have moved from the border to the trader’s premises and it is during site visits that customs officers check the business compliance records. Moving from frontier checks to audit based controls has transferred a high level of responsibility and risk to the trader. It is now the duty of the trader to identify and report any error or irregularity and to keep an impeccable audit trail from initial quotation to receipt of payment. For the business, failing to provide satisfactory compliance records will result in delayed shipments and serious disruption in the supply chain. This will in turn impact on financial performance indicators such as Days in Inventory, Days Sales Outstanding and of course Cash Flow. The business will also have to endure in depth customs audits during which customs officers will inspect each step of the audit trail disrupting day-to-day business operation. Errors uncovered during these audits will yield heavy financial penalties and a customs debt. Ultimately, customs risk will impact on shareholders value. Customs and finance reporting should receive the same level of attention. However, if all companies check carefully their tax returns, only a few check their import or export declarations with the same scrutiny. Managing customs risk is often seen as a cost centre but it is also a source of competitive advantage. A sound customs management can reduce or remove customs duties, generate savings, and generally improve cash flow using the many customs procedures available to the compliant trader. Help is at hand, A Short Guide to Customs Risk will enable you to make informed decisions, and includes a foreword by the Head of the World Customs Organization: Kunio Mikuriya.

Author : Norman A. Katz
Publisher : Routledge
Page : 258 pages
File Size : 43,9 Mb
Release : 2016-04-22
Category : Law
ISBN : 9781317151999

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Detecting and Reducing Supply Chain Fraud by Norman A. Katz Pdf

Norman Katz has secured a top spot as one of the Top 50 Global Thought Leaders and Influencers on Supply Chain 2020. For most large organizations, the supply chain is a commercial advantage, enabling innovation, cost management and resilience. But the supply chain is open to fraud: the length and complexity of it creates opportunities for fraudsters to exploit phantom inventory, invent non-existent customers or suppliers, substitute one product for another, cheat on the quality...this list goes on. These frauds present a significant source of additional cost to the organization and expose it to a host of secondary risks: contract, compliance and reputation. Detecting and Reducing Supply Chain Fraud is a pragmatic guide to identifying and managing sources of risk. Norman A. Katz explains the main categories of fraud risk: what they are, what is their significance and how they are exploited by the fraudster. He also explores both the tactical and strategic approaches that you should adopt to help detect and reduce fraud, including detection techniques and the use of technology. He provides tactics for increasing your organization's resilience: increased transparency, appropriate governance, and engaging employees, customers and suppliers in more ethical work practices. If you are responsible for your organization's supply chain, or perhaps involved in audit, compliance or risk management, start using Detecting and Reducing Supply Chain Fraud and look more closely at every aspect of your supply chain, both internal and external. The savings made in fraud reduction, the increased resilience you will give all of your operations and the improved reputation that your business will enjoy, as a contract partner or amongst stakeholders, will repay your investment a hundred-fold.

Author : Miguel Brines
Publisher : Unknown
Page : 80 pages
File Size : 44,8 Mb
Release : 2020-11
Category : Electronic
ISBN : 9798556904453

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Part I by Miguel Brines Pdf

SummaryThis book aims to provide a deeper insight into the life-cycle phases of a supplier in a company from a purchasing perspective.Beginning with the introduction and selection of suppliers, the author provides the reader with a framework of the most common steps and input criteria for the procurement process. He then goes on to explain best practices for selecting optimum suppliers, ensuring benchmarks meet a company's core purchasing strategy at all times, and provides a simple methodology for implementing said strategy.Once we start working with a new supplier, we need to evaluate their service rating. In this book, the reader will discover suggested criteria and methods for effectively evaluating suppliers. If, during the assessment phase, issues or opportunities for improvement are detected for a supplier, an appropriate development plan needs to be designed and implemented. To this end, the book focuses on various options for development in the areas of engineering, supply chain and purchasing with the aim of reducing costs.Finally, this book ends with an additional chapter on the subject of risk management in purchasing, spanning from the creation of a methodology for analysis, to a breakdown of the most common risk-analysis criteria, and a methodology for assessing results that facilitates the creation of an action plan that mitigates risk.

Author : Chris Lonsdale,Andrew W. Cox
Publisher : Unknown
Page : 240 pages
File Size : 50,8 Mb
Release : 1998
Category : Business & Economics
ISBN : IND:30000055857340

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Outsourcing by Chris Lonsdale,Andrew W. Cox Pdf

Key texts in managing outsourcing risks are outlined in this study along with a critical analysis of the operational tools and techniques which dominate academic/practitioner thinking.

Author : Anonim
Publisher : Unknown
Page : 180 pages
File Size : 50,8 Mb
Release : 1996
Category : Industrial procurement
ISBN : 0115154272

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Managing Risk in Open Systems Procurement by Anonim Pdf

Managing Risk in Open Systems Procurement

Author : Sudhi Seshadri
Publisher : Springer Science & Business Media
Page : 320 pages
File Size : 48,8 Mb
Release : 2005-12-05
Category : Business & Economics
ISBN : 9780387251837

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Sourcing Strategy by Sudhi Seshadri Pdf

Sourcing Strategy is about sourcing as a long term strategic activity. Myopic purchasing management stops short with describing functional procedures and procedural innovations such as online order processing. The goal of this book is not merely to document sourcing strategy, but to provide the tools to determine it. Therefore, rather than merely describe common sourcing processes, the book takes a normative approach to sourcing strategy. It argues for a rational, complete and integrated process view. It supports its recommendations with logical arguments from an interdisciplinary and analytical approach grounded in microeconomics, law and business strategy. Part 1 of the book explains the economic and business principles that underlie sourcing strategies. It derives policies that guide viable strategies to meet sourcing goals. Part 2 applies these to creative designs for standard sourcing scenarios.

Author : Engineering Equipment and Materials Users Association
Publisher : Unknown
Page : 53 pages
File Size : 47,9 Mb
Release : 2013
Category : Engineering
ISBN : 0859311791

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A Guide to Risk-Based Procurement by Engineering Equipment and Materials Users Association Pdf