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Risk Management for Procurement Professionals

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 and/or services. Nevertheless the world's, 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.

Runtime: 86 minutes
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

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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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on November 8, 2017.

Call 1-866-352-9540 for further credit information.

  • ISM 1.5
     
  • Participants who successfully complete this program will receive 1.5 hours of continuing education. They may be applied toward ISM CPSM, CPSD or C.P.M. recertification. ISM's consent to approve hours for this educational event is not an endorsement of this program or its content by ISM.
     

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Audio & Reference Manual

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Louis R. Ferretti

Louis R. Ferretti

IBM

  • Project executive for developing and leading a host of risk and compliance programs across IBM’s global supplier network
  • Focus on environmental compliance, supply chain social responsibility, conflict minerals, sustainability and risk and business continuity management
  • Frequently called upon by IBM’s client representatives and consulting teams to share with clients how IBM has developed, implemented and benefited from these industry leading programs
  • Regular speaker at supply chain industry forums and universities on topics such as procurement transformation, supply chain sustainability, environmental compliance and risk management
  • Received numerous rewards and accomplishments throughout his career
  • Has held senior management/executive positions in engineering, procurement, materials management, corporate staff, supply demand, operations, etc.
  • On the board of directors of the Triangle Chapter (Raleigh, NC) of the Institute for Supply and is also a board member of the Global Supply Chain Resiliency Council
  • B.S. degree, engineering science, The City University of New York
  • Can be contacted at 919-917-6502 or ferretti@us.ibm.com
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 400400
Published 2017
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