Walk a Supplier Risk Treatment
Choose appropriate supplier risk treatments after assessing likelihood and consequence.
Procurement moment A possible port strike threatens the next shipment for a sole-source supplier. The decision is not just price. It changes supply risk, stakeholder trust, and future leverage. Framework first ISO 31000 risk process Move from context and assessment to treatment, owner, trigger, monitoring, and review. Shortcut React to the loudest signal: lowest price, loudest stakeholder, or fastest delivery. Better sourcing choices because the tactic matches the business exposure. Risk management protects objectives by treating uncertainty before it becomes surprise. 01 Segment 02 Choose 03 Control Analyze Likelihood x consequence
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