Supplier management enabled by risk intelligence
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Transcript of Supplier management enabled by risk intelligence
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Supplier management enabled by risk intelligence
Ted Datta
Strategic Account Director BvD UK & Ireland
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What is supplier management?
“The commercial business discipline that involves the pro-active, holistic,
management, and monitoring, of suppliers and partners, with the primary goal
of optimising efficiency and competiveness, whilst mitigating risk.”
360 Supplier View
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What is risk? “The effect of uncertainty on objectives”
How many European companies placed into receivership in the
last two weeks?
- 30,719
- 11,260 - manufacturing, construction, logistics or telecoms
- 520 > 50 employees
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Supplier risk management in practice
“Nearly half of senior executives say their supply chain management
programmes are insufficient or ineffective”
Deloitte, Feb 2013
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1. Financial risk
2. Reputational risk
3. Integrating risk into supplier management
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Supply chains are vital to business performance...
...and they’re becoming increasingly complex
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Hallmarks of good external content providers...
- Global perspective
- Reliability, quality and variety of content
- Easy to interpret
- Innovative, intuitive technology
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Hallmarks of successful procurement teams…
Agile
StrategicInquisitive
Collaborative
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3. Take control of your supplier data
Internal data
External data
Common identifier
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3. Take the lead on corporate & social responsibility reporting
SME
Adverse Press
Environmental Risk
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3. Dashboard environment to monitor risk intelligence on your strategic suppliers
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Best practice supplier management - employs risk intelligence to:
1. Conduct robust selection, evaluation and on-boarding of key suppliers
2. Monitor, and report on, the financial health of all strategic partners
3. Mitigate reputational risk by knowing who your suppliers are
4. Capitalise on opportunities to leverage corporate spending power
5. Shape on-going business planning and relationship management strategy