5 Ways to Build a Supplier Management Risk Program

$149.00

SKU: 411255

Description

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 stateoftheart 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 longterm resilience and efficiency. Lastly, participants will explore innovative methods to futureproof their supplier risk management programs against unforeseen market changes and uncertainties.
This comprehensive learning experience is vital for professionals seeking to enhance their organizations supply chain stability and responsiveness in a rapidly evolving business environment.

Date: 2024-03-26 Start Time: 1:00 PM ET End Time: 2:05 PM ET

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.

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

APICS ,CLE (Please check the Detailed Credit Information page for states that have already been approved) ,ISM ,CPE ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Art Hall-Alvarez & Marsal