{"id":2096,"date":"2005-09-30T15:53:00","date_gmt":"2005-09-30T15:53:00","guid":{"rendered":"https:\/\/www.certitrek.com\/nlpa\/2005\/09\/30\/procurement-risk\/"},"modified":"2021-07-28T07:23:12","modified_gmt":"2021-07-28T11:23:12","slug":"procurement-risk","status":"publish","type":"post","link":"https:\/\/www.certitrek.com\/nlpa\/blog\/procurement-risk\/","title":{"rendered":"Procurement Risk"},"content":{"rendered":"<p>I hope that you have enjoyed the article Procurement Risk Analysis.<\/p>\n<p>I wrote this article several months back and planned it for release on October 4. It turns out that the timing was both good and bad.<\/p>\n<p>The article was written before Hurricane Katrina and Hurricane Rita hit. So releasing it now is good because people are thinking about procurement risks and how to avoid or mitigate them. So hopefully the article will fill the need for the increase in procurement risk research that is being done right now.<\/p>\n<p>The timing was bad in the sense that maybe some of the subscribers to PurchTips could have prevented some of the ill-effects on their business of the hurricanes if they had read the article and more thoroughly prepared.<\/p>\n<p>Of course, like everyone else, I didn\u2019t have a crystal ball that told me that two massive hurricanes would cause so much destruction this summer and fall.<\/p>\n<p>Hurricane season will be on us again next year. So be sure to review Procurement Risk Analysis early next summer. While I hope next hurricane season is disaster-free, if disaster must happen, be sure to have a plan to deal with it.<\/p>\n<p class=\"p1\"><b>Recommended Reading<\/b><\/p>\n<ul class=\"ul1\">\n<li class=\"li1\"><a href=\"https:\/\/lms.nextlevelpurchasing.com\/\">Assess Supplier Financial Risk<\/a><\/li>\n<li class=\"li1\"><a href=\"https:\/\/www.certitrek.com\/nlpa\/news\/purchasing-articles\/supplier-management-strategy\/\">The Complete Supplier Management Strategy<\/a><\/li>\n<li class=\"li1\"><a href=\"https:\/\/www.certitrek.com\/nlpa\/news\/purchasing-articles\/supplier-management-strategy\/\">Supplier Management Strategy<\/a><\/li>\n<li class=\"li1\"><a href=\"https:\/\/www.certitrek.com\/nlpa\/news\/purchasing-articles\/supplier-management-metrics\/\">Supplier Management Metrics<\/a><\/li>\n<li class=\"li1\"><a href=\"https:\/\/www.certitrek.com\/nlpa\/news\/purchasing-articles\/strategic-supplier-management\/\">Strategic Supplier Management<\/a><\/li>\n<\/ul>\n<p class=\"p3\"><span class=\"s1\"><a href=\"https:\/\/lms.nextlevelpurchasing.com\/\"><b>NLPA Learning<\/b><\/a><b>:<\/b>\u00a0Looking for authoritative procurement templates, tools, webinars, and more? Stop trying to create resources from scratch and start taking advantage of having exactly what you need right at your fingertips in\u00a0NLPA Learning.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I hope that you have enjoyed the article Procurement Risk [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":4006,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2096","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-procurement"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.13 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Procurement Risk - Next Level Purchasing Association (NLPA)<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.certitrek.com\/nlpa\/blog\/procurement-risk\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Procurement Risk - Next Level Purchasing Association (NLPA)\" \/>\n<meta property=\"og:description\" content=\"I hope that you have enjoyed the article Procurement Risk [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.certitrek.com\/nlpa\/blog\/procurement-risk\/\" \/>\n<meta property=\"og:site_name\" content=\"Next Level Purchasing Association (NLPA)\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/NextLevelPurchasing\/\" \/>\n<meta property=\"article:published_time\" content=\"2005-09-30T15:53:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-07-28T11:23:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.certitrek.com\/nlpa\/wp-content\/uploads\/sites\/5\/2020\/11\/nlpa-images-016.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"1067\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Galo Matagay\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@nextlevelpurch\" \/>\n<meta name=\"twitter:site\" content=\"@nextlevelpurch\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Galo Matagay\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/blog\/procurement-risk\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/blog\/procurement-risk\/\"},\"author\":{\"name\":\"Galo Matagay\",\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/#\/schema\/person\/72d094fab77892483dfa6e061cb27eaa\"},\"headline\":\"Procurement Risk\",\"datePublished\":\"2005-09-30T15:53:00+00:00\",\"dateModified\":\"2021-07-28T11:23:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/blog\/procurement-risk\/\"},\"wordCount\":253,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/#organization\"},\"articleSection\":[\"Procurement\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.certitrek.com\/nlpa\/blog\/procurement-risk\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/blog\/procurement-risk\/\",\"url\":\"https:\/\/www.certitrek.com\/nlpa\/blog\/procurement-risk\/\",\"name\":\"Procurement Risk - 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