Supply Excellence

Supply Risk Management: When “doing nothing” is the best plan (Video)

November 17th, 2009 · by Justin Fogarty · No Comments · LCCS and trade, best practices, oil/energy, sourcing, supply management, supply market dynamics, supply risk

After sharing his insights into supply risk management, Dr. Uwe Schulte gave a great example of when the best course of action to protect his company from a supply risk was … to do nothing. Of course, he stressed that choosing to do nothing and doing nothing by default are two different things.

Has anyone else ever reached the same conclusion about a particular risk and consciously chosen to do nothing? Care to share your story and results (anonymously if you must) in the Comments?

Justin Fogarty is Managing Editor of Supply Excellence. For any questions or feedback on the blog or its contributors, Justin can be reached at jfogarty[at]ariba.com.

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