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How is “Risk Management” done in Cirtuo Guided Strategy Creation™?

Risk management is one of the critical prerequisites for the successful category and supplier management. Timely risk identification and mitigation have proven to be crucial for successful strategic planning.

  • Cirtuo Risk management includes:
  • Risk identification, risk assessment, and risk mitigation, compliant with ISO 31000:2018
  • List of most commonly found risks for categories and suppliers in procurement, customizable to client’s needs
  • Risk matrix based on probability of occurrence and risk impact
  • Historical tracking of risk identification and assessment
  • Execution of a risk mitigation plan through strategies and initiatives
  • Cirtuo Risk management has proven to be a good tool for tracking all procurement-related risks, reporting on them, and complying with internal and external auditors’ requests.

 

Cirtuo Risk management has proven to be a good tool for tracking all procurement-related risks, reporting on them, and complying with internal and external auditors’ requests.

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