CNC purchasing and scaling well organized, from order to delivery.
apply in 2 minutes
of almost any material
in single pieces and series
"*" indicates required fields
Five most common procurement risks and how to mitigate them
Every procurement professional wants to mitigate as many procurement risks as possible. We have compiled a list of the top five procurement risks that all procurement professionals should be aware of. Managing procurement risks is critical to an organization’s success.
What are procurement risks?
Procurement risks are opportunities where something can go wrong or not as planned. Risk management is essential to prevent, identify and control these risks.
Modern procurement is strategic and directly affects the bottom line. Risk management in procurement ensures proper use of resources, improved service, better relationships, innovation, customer service and a data-driven culture.
Five most common procurement risks
1. Insufficient needs analysis
Clear requirements analysis is crucial. Solicit stakeholders, verify existing contracts and ensure accurate specifications, schedule and budget.
2. Inefficient contract management
Poor contract management leads to problems. Regular audits are necessary to identify inefficiencies and failures in the contract management process.
3. Poor supplier selection
Proper supplier selection is essential. Use transparent evaluation methods and a carefully audited procurement process.
4. Unstructured supplier management
Good supplier management is accountability. Use cloud-based tools to better understand supplier reliability, conflicts and ethics.
5. Supply chain disruptions.
The supply chain is critical. Technology provides insight and planning to quickly respond to and minimize disruptions.
Request
in 2 minutes
Feedback or a quote from one of our specialists.
Supply
10-20 working days
Directly from our quality department in Heerlen.
Optimize your procurement with reduced risk
Technology enables risk management and data-driven procurement processes. This is why Batchforce embraces digitization. With interactive dashboards and reporting, you stay on top of risks and take your procurement efforts to the next level. Find out how our solution can help you achieve your goals. Try Ignite with your data – the fastest, most effective way to discover insights about your data.
Batchforce thinks with you
Our procurement specialists manage your CNC purchasing, production status and order administration. All transparent in Batchforce’s digital platform.
Batchforce continually invests in its network, new technologies and innovations to optimize efficiency and precision. Whether for one-off projects, prototypes or series production, Batchforce strives to provide customers with high-quality stainless steel parts that meet the highest quality standards. The team of experts is ready to advise and support customers in realizing their specific request.
Combine automation with craftsmanship.
Maximum quality at low cost. Customization that suits you.
Service and quality assurance for your project.
We are ready to support and guide you personally.
