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Supplier Risk Management In Practice, Presentation at ProcureCon. Bill McBeath speaking
September 23 @ 3:59 am
The ability to manage supplier risk and supply chain risk has become a critical competence for organizations. Most companies today are highly outsourced with suppliers spread out across the globe. Yet firms’ knowledge of their suppliers and the environments they operate in is often limited and out-of-date, crippling their ability to successfully manage the dynamics of their supply base. This has introduced substantially more risk in global businesses.
The enormous challenges and vital importance of managing supplier risk have been made even more evident by the financial crisis and recent natural disasters, as well as lean business practices. This presentation draws on over a decade of ChainLink’s research on how to manage and reduce supplier risk, including:
* Types of supplier risks and how to manage them
* Supplier risk mitigation strategies in practice
* Quantifying the ROI of supplier risk management
* The roles of third parties in managing supplier risk
To see the agenda with this session, click here, scroll down to 2:00 and click on “TRACK B – Supplier Relations”