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Risk Management for Procurement Professionals - Webinar

  • ID: 4410005
  • Webinar
  • 90 Minutes
  • Lorman Business Center, Inc.
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Learn how to create a risk management system that will benefit your supply chain.

Many enterprisers are enjoying the benefits of globalization and have put in place a global souring strategy leading to unprecedented access to goods and services all over the world with the view to gaining the best price, highest quality and uninterrupted delivery of goods andor services.

Nevertheless the worlds, political, economic, financial, regulatory and climatic factors all add up to layers of unprecedented risk. How can enterprise get the benefits of a global sourcing strategy and yet avoid the down sides of risk? By integration of tools and processes, subject matter experts oversee a well defined management system. Learn how this has been successfully accomplished with a minimum of resources and IT expenditure. This material will include selected case studies and how this kind of E2E process has been effective in uncovering, managing and mitigating supplier and supply chain risks.

Learning Objectives
  • You will be able to describe who should have a contingency plan.
  • You will be able to identify what risks are immediate, medium or longer term.
  • You will be able to recognize uncovering, mitigating and managing supplier and supply chain risk.
  • You will be able to review how supply chain risks changed over time due to global sourcing and given a world in turmoil.
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Uncovering, Mitigating and Managing Supplier and Supply Chain Risk
  • How to Create an E2E Risk Management System and Processes That Address Risks Associated With
  • Supply Continuity, Compliance and Reputation for Procurement of Direct and Indirect Goods and Services
  • How Have Supply Chain Risks Changed Over Time Due to Global Sourcing and Given a World in Turmoil?
  • What Are the Top Risk Mitigation Actions to Ensure No Supply Interruptions?
  • How Can a Rigorous on - Boarding Process Aid as a Risk Assessment Tool?
  • How Does Knowing About Potential Disruptions as Soon as Possible Provide a Competitive Advantage?
  • Who Should Have a Contingency Plan? the Supplier or the OEM or Both?
  • How Does Single and/or Sole Sourcing Help or Impact Supply Continuity, Compliance, and Reputational Risks?
  • What Drives Single and/or Sole Sourcing?
  • What Actions Can Be Put in Place to Mitigate the Effects of Single and/or Sole Sourcing?
  • What Risks Are Immediate, Medium and/or Longer Term?
  • How Should Each Level of Risk Be Best Handled to Ensure Potential Supply Interruptions Are Mitigated?
  • How Are Immediate, Medium and/or Longer Term Risks Related?
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Louis R. Ferretti - IBM
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This webinar is designed for purchasing and procurement professionals, buyers, material managers, contract administrators, project managers, controllers, accountants and bookkeepers.
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