Strategic Supplier Risk Management Approaches PPT

This PPT slide, part of the 25-slide Supply Chain Management (SCM): Risk Management Strategies PowerPoint presentation, outlines a focused approach to managing supply chain risks associated with high-risk suppliers, particularly those providing strategic components that significantly influence overall manufacturing costs. The content is divided into 2 main sections: Target Segment and Risk Mitigation Strategies.

The Target Segment section identifies suppliers that have a substantial impact on total spend and performance. It highlights that these suppliers often deal in expensive components classified as strategic. Notably, it emphasizes that while these strategic suppliers may only constitute 20% of the total supplier base, they account for a staggering 80% of the organization’s procurement expenditures. This insight underscores the critical nature of these suppliers in the overall supply chain.

In the Risk Mitigation Strategies section, several proactive measures are proposed. Establishing strategic partnerships with suppliers is recommended to analyze and mitigate risk exposure effectively. Additionally, incentivizing suppliers to maintain multiple manufacturing sites across different regions can reduce dependency on a single location, thereby enhancing resilience. The slide also suggests implementing a tracking system to monitor supplier performance, which can provide valuable data for decision-making. Lastly, the development and execution of Business Continuity Plans are advised to ensure that operations can continue smoothly in the face of disruptions.

Overall, this slide serves as a strategic guide for organizations looking to fortify their supply chains against potential risks associated with high-impact suppliers. The insights provided can help decision-makers prioritize their focus on critical suppliers and adopt effective risk management strategies.

This slide is part of the Supply Chain Management (SCM): Risk Management Strategies PowerPoint presentation.

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