Risk is Expanding Our View of Supplier Value

September 13, 2021

On Demand Webinar

Unit price, bundled pricing, total landed cost, overall capacity, quality, total value.

These are just some of the concerns procurement and sourcing teams wrestle with as they consider suppliers. But recent events have put more focus on supplier risks—ones that lie hidden deep within supplier networks.

We have all watched as disruptions—delivery challenges, unethical labor practices, environmental events, etc.—take increasingly visible and costly tolls on operational resilience. Not to mention the cost to brand reputations. So, what’s the right and best response?

Join Greg Holt, Product Marketing Director, Procurement for an in-depth and revealing discussion on how procurement and sourcing professionals can:

·       Gain insight into how existing supplier evaluation approaches are falling short
·       Leverage technology to avoid risk and build resilience
·       Improve what they bring to the table as organizations look for ways to see and avoid risks

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Ensure Operational Resilience

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Build operational resiliency into your extended supply chain:

  • 889 compliance – ensure market access
  • Data sharing with 3rd parties and beyond – protect reputation
  • Concentration risk – ensure business continuity
  • Cyber breaches – assess potential exposure
  • Unethical labor – avoid reputational harm
  • On-boarding and monitoring suppliers – save time and money