In the current business environment, enterprises are struggling to mitigate the impacts of VUCA (volatility, uncertainty, complexity and ambiguity) on their supply chain operations. And they are recognizing that a great deal of this effort needs to be focused on suppliers of essential direct materials. But continuously monitoring supplier risk is a serious challenge; it requires significant amounts of data as well as the analytical power to drive intelligence from that data.
In this webcast from GEP and WBR/ProcureCon, experts from GEP and Global Risk Management Solutions (GRMS) discuss supplier risk management frameworks through the lens of direct material sourcing. They look at a variety of risk factors and how they can impact business continuity; the new technological tools for gathering, sharing and analyzing data; and how to pinpoint the approaches that work for different supplier categories.
Why Watch this Webcast:
- Learn about supplier risk factors in direct procurement and the supply chain
- See how proper supplier segmentation can help enterprises create an effective risk management program
- Find out how AI, predictive analytics, cloud, and other current technologies are taking supplier risk management to a new level