The perception of risk is relative. To some, risk is simply an element in a financial model used to predict reasonable economic decisions but to others, risk is a broader concept — a key business interest — used to maximize profit through effective capital management. \r\n
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Contract professionals must embrace the broader view of risk due to the rising profile of supply chain risks within our organizations. FM Global published a recent study, Managing Business Risk through 2008 and Beyond, finding that more than 500 financial executives cited competition and supply-chain disruption as top risks.
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BRIAN FRANK Ariba
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