Explain the main risk management concepts

Reference no: EM132132

QUESTION 1

Conducting supplier appraisals is a key role of the purchasing professional. Explain how supplier appraisals and pre-qualification of suppliers can help to mitigate risks.

QUESTION 2

The management of risk approach consists of the risk management policy, process guide, plan and risk register. Explain the main risk management concepts that need to be considered in establishing these documents.

QUESTION 3

Management of risk principles are essential for the development of good risk management practice. Discuss.

QUESTION 4

In today's uncertain and turbulent businesses, supply chain vulnerability has become an issue of significance for many companies. Identify and describe the main sources of risks in the supply chain

Reference no: EM132132

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