Frans Barends

Increasing regulatory requirements are forcing companies to monitor their suppliers in much more depth than ever before. Further, you must have a comprehensive program in place to mitigate supply disruption. Are you equipped to identify potential disruptions, monitor suppliers and adapt quickly to minimize the impact? This panel will help you:

• Identify risks that could impact your supply chain, their probability and potential impact: natural disaster, geopolitical, export/import trade, regulatory, and more
• Design a comprehensive program to mitigate future supply risks and limit nasty surprises
• At what level or spend should procurement get involved in vetting potential suppliers for red flags? (Can the smaller suppliers be more risky?)
• Determine whether excess inventory, time, or resources is most important in mitigating risk, and how your suppliers optimize this buffer
• Implementing the technology and tools needed to monitor suppliers for red flags and alert you when something is amiss
• Risk sharing with your suppliers- does it work?