Tag: Cost of Risk

A Quantitative Approach for Valuing and Managing Procurement Cost of Risk

One of the most debated topics today in procurement is the issue of risk. The majority of the articles and guidance given to Chief Procurement Officers (CPOs) on this topic focus on trying to avoid future risk costs that would be generated by, say, shutting down production because a critical supplier went out of business

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US-China Cost Convergence: Getting Closer

Mark Muro has an interesting post on Brookings.com where he discusses some new data suggesting that US-China manufacturing cost convergence is happening, at least in some sectors. Notes Muro: A new paper just published in the Journal of Power Sources contains new information about the global advanced battery manufacturing industry derived some fresh reporting: the authors’ face-to-face interviews with

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Ignoring the True Cost of Risk: The Lessons of Rana Plaza

The FT has an interesting graphic out that shows the evolution of the garment export trade: http://www.ft.com/intl/cms/s/0/5448bc70-c460-11e2-9ac0-00144feab7de.html#axzz2UJXFZ5ym The graph shows that it was only in 2010 that Bangladesh entered the Top 10 exporters list, and that as of 2011 it ranked number 4, with $23+B worth of exports. This is interesting, but what is more

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