Reference no: EM132741641

You are a procurement agent in an organization of your choice (can be where you work, or a business that you perhaps are knowledgeable of). You have responsibility in purchasing an item (can be physical product or service) that is vital to the success of the organization/business. For your scenario:

1. Identify the item or service that is critical, including details about who supplies it and where it is sourced from;

2. Select any risk in the supply chain (supplier and/or business risks) that threaten the supply of the critical item;

3. Identify your suggested strategies in mitigating or preventing the risk identified in (2).

Explain how the strategies in will reduce the risks noted in, as well as who within and/or outside of the organization needs to be a part of the strategy. Use references within and outside the lecture to support your approach.

To respond to postings, consider:

given the facts presented, identify an additional risk and related strategy for a classmate's scenario,

Compare and contrast two or more scenarios with a possible explanation for the differences and/or similarities, or relate an example with which you're familiar that is relevant to a classmate's posting. Explain the relevance.