Managing supplier risk has become a top priority for procurement and finance executives. But with such a diverse range of suppliers and risks, how can organisations proactively work to minimise the chances of damage caused by supplier non-performance or non-compliance?

In this webinar we will explore the key elements of supplier risk management, and showcase solutions that can help you to maintain the necessary level of visibility that comes from the way in which supplier information is collected, stored, and managed. 

You will learn how to minimise the chances of damage caused by supplier non-performance or non-compliance: 

• Events that cause disruption to availability of supplier service and result in greater substitution costs. 
• Unanticipated changes in pricing and availability for products/services that can have an impact on margin and costs etc. 
• Supply chain activity that adversely impacts the public perception of the product/service and results in sales loss or adverse PR. 

With the proper support tools, effective supplier visibility and risk management is, in fact, very practical. And the good news is that the tools needed are the same tools that help you find and realise cost savings opportunities, and that help you reduce operational costs in Procurement and Accounts Payable – electronic sourcing, portal-based supplier communications, and centralised contract management.

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