Monday, October 06, 2008
ELP07 - Nice - 18 October 2007
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KNOWLEDGE MANAGEMENT TAGS
"Risk Management"
Increase your odds in procurement
Patrick Scholler,
Procurement Director,
HP
Risks are always around the corner for supply chain professionals. Some risk result from unpredictable events, others are structural uncertainties. The Procurement Risk Management (PRM) Group at HP has developed and implemented a framework, business process and tools to mitigate the impact of supply chain risks.
The PRM framework involves quantifying uncertainty over product demand, component cost and availability to make sourcing decisions and elaborate structured contracts that will secure supply, reduce cost and improve product margin predictability.
In this presentation you will learn:
- How demand/availability/material-cost risks impact the supply chain performance
- How to measure and manage supply chain risks
- How to make cost savings from uncertainty management
Winner of the ELP Award for Innovation
The judges said: "It's a breakthrough in risk management which has incorporated sophisticated tools such as scenario planning and econometric modeling into an approach that procurement professionals can use"
