ASCM Tampa Bay invites you to join us for a presentation by Mr. Forrest Walker, CPSM, CPSD, and Lifetime C.P.M. on Strategic Global Risk Analysis in the Sourcing Process.
In today’s business arena, a lean forward mindset is required to better engage and counter global risk management issues. Implementing a lasting strategic global risk management platform means that procurement staff needs to be prepared for the constant changes ahead. This demands that we, as procurement professionals, become uniquely aware of and very flexible when approaching risk in the global marketplace, as we secure the materials needed by the business.
Purchasing professionals who are sourcing in today’s global marketplace are dealing with more frequent changes in our world, which can create greater risks for the business efforts we are asked to address. This means procurement must morph into a net provider of risk information.This requires an open and receptive conduit within the business to receive the flow of data that procurement will provide.
In time, businesses will begin to secure more globally-minded team members to best interpret company-wide data points, plot any course correction, and/or confirm the stability of the current course for the business. Procurement is the point of the spear in such advanced risk management initiatives. Our roles in procurement will not only require materials, but providing data on trending will be required as well.
During the presentation, we will review a few global risk management strategies that will help you to identify and model best practices to reduce risk and likewise create opportunity for your business:
Proactive vs. reactive styles of risk management
Current events and global calendar awareness
Disruptive technology deployment and adoption
Alignment with global standards – alignment with the world
Micro and macro risk management protocols
At the end of this presentation, you will have firm ideas as to what to review and how to assess the risk management needs (related to procurement) of the business you support. You will better understand those areas of review and data point collection that you will need to start routinely reviewing.
When looking at your supply base, you will be better prepared to proactively address what your sub-suppliers are doing to control risk while gaining awareness on how to train your suppliers to control risk.
Meeting Agenda:
5:45-6:00 pm | Login/Networking
6:00-6:05 pm | ASCM Announcements
6:05-6:45 pm | Presentation
6:45-6:55 pm | Q&A
6:55-7:00 pm | ASCM Wrap Up