Buyers beware
13 September 2012
Managing risk is a wide-ranging and growing issue for procurement. James Wormell assesses how the private and public sectors are responding to the challenge
As business has globalised, the opportunities available to procurement managers have also increased. The potential to develop competitive supply chains, to source from around the world and to drive down purchasing costs has grown rapidly.
However, with these opportunities come risks. And in order to ensure stable costs and revenue, security of supply and an...