Driven by global and regional economic development, strategic management of the supply chain continues gaining attention as a contributor to competitive advantage. In today’s marketplace, competition has moved from “among organizations” to “between supply chains”. As companies increase their dependence on their suppliers so does their risk exposure. As a result, supplier selection and management are a strategic necessity for organizations, and prequalification programs have become a cornerstone of supply chain risk management.
Key topics include:
- How supplier selection and monitoring contributes to corporate risk management
- How prequalification impacts the firm’s competitive advantage
- Common pitfalls of supplier prequalification and monitoring programs
- How to avoid common program failures