Learn strategies for strengthening supplier relationships and developing adaptive risk mitigation plans.
Attendees will master the fundamentals of robust supplier risk management, learning to identify, assess, and mitigate potential risks effectively. Second, they will acquire advanced techniques for risk assessment, utilizing state-of-the-art methodologies to stay ahead of potential supply chain disruptions. Furthermore, the topic will provide strategies for strengthening supplier relationships and developing adaptive risk mitigation plans, ensuring long-term resilience and efficiency. Lastly, participants will explore innovative methods to future-proof their supplier risk management programs against unforeseen market changes and uncertainties.
This comprehensive learning experience is vital for professionals seeking to enhance their organization’s supply chain stability and responsiveness in a rapidly evolving business environment.
Learning Objectives
- You will be able to gain a thorough understanding of the key components of a robust supplier risk management program.
- You will be able to employ advanced risk assessment methodologies and tools to identify and prioritize risks associated with suppliers effectively.
- You will be able to develop tailored risk mitigation plans and foster strong, collaborative relationships with suppliers for improved risk management.
- You will be able to integrate predictive analytics, scenario planning, and innovative approaches to adapt the supplier risk management program to future market conditions and uncertainties.
Agenda
Evaluating the Efficacy of a Supplier Risk Management Program
Establish Regular Risk Assessment Protocols
Utilize Advanced Data Analytics
Incorporate Supplier Performance Feedback
Strengthening Relationships Through Strategic Supplier Engagement
Develop Collaborative Communication Channels
Offer Regular Training and Support
Implement Joint Risk Management Workshops
Enhancing Supply Chain Resilience With Diversification Strategies
Identify Alternative Suppliers
Evaluate Geographical Risks
Incorporate Flexibility in Contracts
Speakers
Art Hall,
Alvarez & Marsal- Senior Director with Alvarez & Marsal in Atlanta; focuses on customer service, CRM, and supply chain
- Over 25 years of operations and people leadership
- Certified in Prosci Change Management®
- Bachelor’s degree, State University of New York at Binghamton
Who Should Attend
This live webinar is designed for purchasing managers, material managers, presidents, vice presidents, business owners and managers, CFOs, controllers, accountants, contract administrators, buyers, supply chain specialists, attorneys, and operations managers.
