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5 Ways to Build a Supplier Management Risk Program

Learn more on the major types of contribution strategies that can help overall ERM success.With between 40% to 80% of a typical organization's operational footprint now taking place outside of the company's walls it is imperative that a procurement team must deeply impact the field of Enterprise Risk Management (ERM). How do leading procurement groups ensure visibility into supplier financial stability, proper compliance with governmental watchlists, vetted insurance protections, supplier performance, force majeure risks, and other real-world exposures? This topic shares leading practices that any group can use to create a comprehensive Supplier Risk Management Program; which is regarded by many as the highest ROI contribution of any ERM investment.
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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

The Importance of Enterprise Risk Management (ERM)
  • What Is Enterprise Risk Management (ERM); ERM Theory – Methods of Managing Risk
  • ERM Theory – Methods of Managing Risk
  • Examples of Risk in the Value Chain
  • How Can Procurement Contribute to an ERM Strategy?
Examples of Supply-Related Risk in Three Types of Organizations
Five Practical Techniques to Manage Supplier Risk
  • Be More Strategic in Contracting
  • The Risk Trifecta
  • Optimize Supplier Portfolio and Redundant Capacity
  • Visibility Into Supplier Financial Stability and Governmental Compliance
  • Diligence in Supplier/Contractor Capabilities and Performance
Lessons Learned – Methods to Accomplish Excellence
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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

Audio & Reference Manual

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • HI CLE 1.5
     
  • IL CLE 1.5
     
  • ME CLE 1.5
     
  • MT CLE 1.5
     
  • NJ CLE 1.8
     
  • NV CLE 1.5
     
  • VT CLE 1.5
     
  • WA CLE 1.5
     
  • WV MCLE 1.8
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • HI CLE 1.5
     
  • IL CLE 1.5
     
  • ME CLE 1.5
     
  • MT CLE 1.5
     
  • NJ CLE 1.8
     
  • NV CLE 1.5
     
  • VT CLE 1.5
     
  • WA CLE 1.5
     
  • WV MCLE 1.8
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Mark J. Trowbridge, CPSM, C.P.M., MCIPS

Mark J. Trowbridge, CPSM, C.P.M., MCIPS

Strategic Procurement Solutions, LLC

  • Principal in the office of Strategic Procurement Solutions, LLC, a provider of advanced supply management advisory, skills diagnostic, and professional development services
  • Past career roles in manufacturing (3rd largest global manufacturer of yachts), transportation (world’s largest airline), and financial services (domestic 2nd largest and global 13th largest banking enterprise)
  • 20 years in consulting supporting clients like Apple, Intel, Adobe Systems, Delphi, Kraft Foods, Johnson & Johnson, Hertz Corporation, Mitsubishi, State of Colorado, Volvo North America, Signet Jewelers (Kay, Jared, Zales), Limited Brands, Allstate, Commonwealth of Massachusetts, Nationwide, CarMax, Tupperware International, Hertz Corporation, State of Maine, Newmont Mining, Sephora
  • Practice emphasizes all aspects of procurement & supply management performance
  • Conducts regular seminars and workshops on numerous procurement category management, expert strategic sourcing, advanced procurement negotiations, best practices in inventory management, strategic contracting
  • Author of many articles in publications and information sites like Supply Chain Management Review, Inside Supply Management, eSide Supply Management, SpendMatters, and Modern Materials Management
  • Membership; Institute for Supply Management (ISM), National Contract Management Association (NCMA), Chartered Institute of Purchasing & Supply (CIPS)
  • B.A. degree in business administration, Pepperdine University; CPSM and C.P.M. degree, Institute of Supply Management (ISM); MCIPS from the London Chartered Institute for Purchasing & Supply (CIPS)
  • Can be contacted at [email protected], 209-419-1699, or www.linkedin.com/in/mark-trowbridge-cpsm-c-p-m-mcips-24184b2a/
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Product ID: 406045
Published 2019
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