Identifying Risks and Opportunities

In this video, Alex explains the value of identifying risks and opportunities:

The Risk Assessment card is an optional feature that can be added to your strategy and plan through the Manage Tools option. This card allows you to manage risk assessments for a specific category, prioritize risks, evaluate the likelihood of their occurrence, and identify mitigation strategies.​

To create a risk assessment, navigate to the strategy and plan page. If the Risk Assessment card is not visible, use the Manage Tools option to add it. Once it is displayed, click on the card header or select the Create Risk Assessment link to open it.

You will then choose the Create option. All fields in the form are mandatory. You will need to provide the following information: the name of the risk, its potential impact on the purchasing process for the category, and possible mitigation strategies. Additionally, you must select a level of likelihood (high, medium, or low) for each risk's occurrence and priority. Repeat this process for all identified risks.

To modify an existing risk, click the edit icon to make your changes and then save.

You can also create opportunities from your Home dashboard.

When creating an opportunity, you will have access to the Category Spend Profile on the Manage Opportunities page. This allows you to analyze ways to enhance category spending based on the type of opportunity.

This lesson focuses on the optional Risk Assessment card available in the SAP platform, which helps you manage risk assessments for specific categories within your strategy and plan.​

To use the Risk Assessment card:​

1. Add the Card: Navigate to the strategy and plan page. Use the Manage Tools option to add the Risk Assessment card if it's not visible.​
2. Create Risk Assessments: Click on the card header or select the Create Risk Assessment link. Choose the Create option and fill in all mandatory fields:​
   1. Name of each risk​
   2. Potential impact on the purchasing process
   3. Mitigation strategies
   4. Likelihood level (high, medium, low)​
   5. Priority level
3. Modify Existing Risks: Click the edit icon to update any risk information and save changes.

Additionally, you can create opportunities from your Home dashboard using roles in the SAP Ariba Category Management solution:​

• OpportunityViewer Role: View opportunities in the Manage Opportunities app.​
• OpportunityManager Role: Create, manage, and monitor opportunities for the selected category within the app.

When creating opportunities, use the Category Spend Profile to analyze and enhance category spending based on opportunity types.​

This lesson guides you through using the Risk Assessment tool effectively to identify, evaluate, and prioritize risks, and to create strategic opportunities to improve category management.