Risk Management in Healthcare Procurement

Risk management in healthcare procurement involves identifying, assessing, and mitigating risks associated with the acquisition of goods, services, and works. This topic covers common risks such as supply chain disruptions, quality failures, contractual disputes, financial losses, and compliance violations. For Zambian university students in health administration and supply chain management, proactive risk management is essential to ensure the timely availability of medical supplies, control costs, and maintain service quality. Techniques include supplier evaluation, contract safeguards, insurance, inventory buffers, and contingency planning. In Zambia's health sector, effective procurement risk management enhances resilience against global shortages, local logistics challenges, and budget variances, supporting uninterrupted healthcare delivery and safeguarding public resources.