The integration of principles such as lean processes, on-shore and off-shore outsourcing, and single sources of supply have reduced costs and focused internal resources on core capabilities. However, these decisions are not without risk. Recent history demonstrates that the globalization of supply chains has increased organizational vulnerability to costly disruptions.
Supplier performance is now a critical factor in the success of any enterprise. Therefore, robust, flexible, and resilient sourcing methods are essential to that success. This course will explore the ways in which you can make supplier risk assessment and management an integral part of your organization’s business continuity planning.
You will learn to:
- Identify weaknesses in your supply chain
- Establish the business case for investment in supplier risk management
- Assess suppliers’ capabilities
- Ensure the quality of globally purchased goods and services
- Negotiate effective international contract terms to avoid legal risks
- Develop and deploy an effective supplier risk management process to assure business continuity
Who should attend:
This course will provide critical insights for anyone who needs a clear understanding of the risks that supplier non-performance contribute to business continuity and how to manage those risks effectively. Professionals for whom this session is most important include:
- Chief supply chain officers
- Chief procurement officers
- Supply chain and demand-planning executives
- All sourcing and procurement professionals, category managers, and supply managers