Join this webinar with Sherry Gordon, President, Value Chain Group and Swapnil Srivastav, Assistant Marketing Manager, MetricStream as they discuss the best practices for developing an effective supplier risk management program.

While it is becoming critical for companies to streamline their supply chain to survive in the market, they are fast realizing that an effective supply risk management strategy can make all the difference to their brand, profitability and competition. To manage the ever-growing and complex supplier network, it is absolutely necessary to have a right strategy to improve supplier management which acts as a foundation for creating a flexible supplier network.

An effective supplier risk management program is an integral part of a smart supply management strategy to help manage the complex network of suppliers. It includes a good supplier selection process, reference checks, supplier site visits and proper handling of contracts to help address risk. It is also of vital importance to do supply base segmentation for risk along with measuring supplier performance and handling supplier relationships.

You will learn:

• Use good, basic supply management practices to help address supply risk
• Leverage simple tools to assess and track supply risk
• Put in place robust governance processes to involve other functions in third party risk, compliance and performance management
• Optimize the supply management technology for effective supplier risk management

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