Practical Product Component Risk Analysis and Management
Steve B. Smith
Steve B. Smith, Senior Manager, Strategic Planning & Reporting, Optics Purchasing, Alcatel, 00-44-20-8293-2711; firstname.lastname@example.org
Patrice L. Tiolet
Patrice L. Tiolet, Director, Strategic Planning & Reporting, Optics Purchasing, Alcatel, 00-33-1-5551-6474; email@example.com
88th Annual International Conference Proceedings - 2003 - Nashville, TN
The primary aim of purchasing risk management is to improve the profitability of individual products or product systems, at each stage of the product life cycle, through engendering a greater commercial awareness of the underlying cost drivers and risk profiles. This, in turn, should facilitate the development of assigned action plans, resulting in enhanced management control of the identified costs and risks, and a concomitant improvement in productivity.