Supplier Uncertainty and Mitigating Risk

Douglas Ubel

Vice President, Supply Chain at Milbank Manufacturing

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33:27

Supplier partnerships are a key part of an effective supply chain and these need to be developed and enhanced. There are numerous areas of risk and uncertainty. Most of these are outside of our control so we need to find ways to mitigate these risks. Multiple risk mitigation techniques are available and should be utilized as individually they do not cover all aspects. This webinar will go into further details on
developing alternative suppliers as an effective tool to diversity and reduce risk.

Key Takeaways:

  • Supplier partnerships should be developed and enhanced
  • Many areas exist which can lead to risk and uncertainty and most are outside our control
  • Alternative suppliers should be developed to mitigate these risk factors

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