The current Covid-19 crisis has emphasized the importance of having a strong supply chain. An important aspect of supply chain management is recognizing and appropriately responding to supply chain risk.
Risk Elimination. Risk Management. Risk Mitigation. These terms are an increasingly important part of the lexicon of executive-level management as they strive to succeed in a business environment having global competition, geographically diverse suppliers and new technologies. In this new globally expansive marketplace, more than 50 percent of value creation is achieved outside of an organization’s walls or, in other words, through their suppliers. This, too, is where the majority of product realization risk lies as evidenced by the current Covid-19 crisis. It should also be noted that supply chains exist both within and without an organization.
Similarly, risk mitigations and process improvements must be sought both within and without the organization. Learn in this session how you as a quality professional can lead on the journey towards a robust and optimized supply chain, through the use of risk related, quality and Lean improvement methods. Use of such tools will help build robust supply chains and foster improved relationships between customer and supplier.
Areas Covered in the Session :
- Understand the unique and evolving role of quality in the supply chain management process
- Develop a business and product based risk matrix for supplier selection and monitoring
- Understand when and what type of supplier audit to deploy, based on key business factors
Who Should Attend:
- Quality Departments
- Engineering Departments
- Operations Departments
- Quality Engineers
- Quality Auditors
- Supply Chain Departments