podcast episode with speaker Greg Hutchins

Covid taught all of us the importance of managing suppliers, especially those from China and Asia. Risk became the top supply management concern over supplier delivery, quality, and cost. For example, just in time deliveries became just in case. Many common sense ideas of lean changed. Incoming, in process, and final inventories rose. Overall costs increased. Risk became the overarching concern for managing suppliers.

OEMs are now developing new operating models and sourcing models. Make or buy' decisions that were made 20 years or more ago are being reassessed. Sourcing decisions in China are being rethought. Domestic sourcing and reshoring are occurring rapidly

In this workshop, Greg Hutchins will discuss four ways to manage supplier risk, specifically: 1. Accept sourcing risks; 2. Diversify sourcing risks; 3. Share sourcing risks; and 4. Manage (control) sourcing risks.

This Accendo Reliability webinar was originally broadcast on 4 July 2023.

Four Ways to Manage Supplier RiskGreg Hutchins

share

• Social:
• Link:
• Embed:

Download RSS

---

To view the recorded video/audio and PDF workbook of the event visit the webinar page.

Additional content that may be of interest

3 Ways to Improve Your Reliability Thinking

Supply Chain Risk Management

Trade War and Supply Chain Risk Management