Procurement and supply chain management Free Essay Example, 1250 words

24). Constant quality improvement dictates the supplier on how they will add value to the company through supplying them with the needed goods. This involves ensuring the good arrive on their needed destination on time (Tahriri, Dabbagh & Ebrahim 2014, p. 1319). Financial stability of the supplier is also important judging by the fact that these suppliers use the finances to ensure the continuity of the business. Issues such as culture and also reference work for to the advantage of the supplier as they are also used to build the bond between the business and the supplier (Giannakisa & Louisb 2011, p. 24). Alliance experience is how well the supplier is known by firms that are alike to our firm. The risk criteria include indentifying the assets at risk from suppliers and knowing the value of assets, as well as the criticality of the assets, security requirements of the suppliers according to their priority and vulnerabilities from the suppliers and also from the external environment (Tahriri et al. 2014, p. 1319). Our business security goals include ensuring that our assets reach our venue safely and that they are carried to their exactly usage location without any harm plus the safety of our workers are ensured while the item is being carried to its usage location. We will write a custom essay sample on Procurement and supply chain management or any topic specifically for you Only $17.96 $11.86/pageorder now The supplier must use special carriage means to ensure that these goods reach the destination in good condition (Giannakisa & Louisb 2011, p. 24). If maybe the goods require refrigeration, then the supplier must use vehicle with refrigerated compartments in order for the goods not to go bad while in transportation. If maybe the goods are fragile, then the supplier will be required to use soft materials that will prevent the goods from breaking just in case they hit any surface during transportation (Tahriri et al. 2014, p. 1319). They also recommend special vehicles that can transfer the goods from the unloading area to their area of usage safely. They also agree that just in case any of their endeavours lead to any injury of any our workers or destruction of the goods, then they will be the ones to bear the consequences. The risk classification model includes various risk factors that are ranked in terms of high, medium or low and also the mitigati on status. These risk factors include data center power outage, data center fire, equipment failure, voice network failure, data network failure, natural disaster service interruption, criminal activities, human errors, software errors affecting integrity, business system change control and unauthorised intrusions.