Procurement Risk Management
Managing the Procurement Risk at Syensqo
Risk Procurement process aims to preserve Syensqo interests based on 4 pillars.
Managing the Supply Risk Discrepancies at Syensqo
The ultimate goal of supply risk management is to ensure there will never be a shutdown or a slow down at a plant due to a supply issue.
To do so, you need to have a systematic approach based on 4 steps.
Our Procurement team ambition for 2024:
Our ambition is to build a robust Procurement Risk Management Process across all Procurement BSA. This will be conduct on the following actions:
- Building standard documentation for risk identification, risk impact assessment and mitigation action plans,
- Build a central repository available to all the Procurement BSA,
- Set up a governance
- Be proactive within the risk identification (it includes to conduct some assessments based on scenarios)
- Intensify the cooperation with the Syensqo Group Risks team
Date last updated: 23/02/2024
