(a) Briefly describe the procurement risk management procedure, identifying the different phases involved.
(b) prepare down the benefits of the procurement risk management?
(c) In which circumstances should an organization consider generating a procurement risk management plan?
Illustrate out the role of the procurement and supply management professional in managing risks in organisation.
By using a tabular format, list all five (5) stages of procurement cycle and in respect of each stage identify 2 potential risks, their likely consequences and mitigating actions.
Discuss and illustrate out how an organisation can manage procurement integrity risks.