All posts tagged Risk Mitigation

Coronavirus COVID-19 – NLPA’s S.F.I.A.R(T) Model™

The Coronavirus Pandemic is delivering an unprecedented challenge to the economic, emergency response, crisis management, and healthcare capacity of the global community. Much has been written about safety measures to curb the spread of the outbreak. Many nations are deploying various response mechanisms, National Guard deployment, school closures and nationwide state of emergencies are being implemented, enforced, and normalized. The…

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Vendor Risk Management

  The last decade has yielded many events, forces, and elements in which a greater concern and scrutiny of the concept of Vendor or Supplier Risk Management has risen. At the forefront are driven for Cost Reduction, Top Line Growth, and Competitive Advantage. Supplier Risk Management Processes are underpinned by: Identification of Potential Risks emanating from the interaction of buying…

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Risk Mitigation In Any Industry

The Next Level Purchasing Association welcomes this guest post from Heather Grossmuller from Source One Management Services. Don’t miss updates on Procurement & Supply Chain, Subscribe here! When it comes to third-party vendors, there is no one-stop solution to mitigating risks. However, there are some key elements that could play a vital role in managing risks more effectively. Take for…

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