The pandemic likely left your go-to sourcing channels in shambles. If you manage direct materials sourcing, you need to restore order.

Watch GEP experts Prince Kapoor and Jigar Mehta in a webinar — How to De-Risk Direct Spend When the Stakes Are High and Time Is Tight — as they offer innovative solutions in managing risk in supply availability and allocation. This session provides a leg up in this extremely volatile environment.

On the Agenda:

Vaccines aren’t the only the drug in demand, but they’re adding production pressure on an already-strained contract manufacturing base … Raw material tracking. Cycle-time reduction. Supplier and logistics delays. Quality management inspections …

How can you do it all in this overloaded environment? With so much synchronization required, you require a clear line of sight — and very visible collaboration.

In turbulent times, the typical procurement response is to take a short-term, blanket view of all suppliers — negotiating the best prices to improve the company’s working capital.

But this approach creates elevated supplier risk and puts strain on the buyer-supplier relationship. There’s a better way.

With the outbreak of COVID-19 amplifying the current disruptions in the global supply chain, it’s critical to be able to collaborate effectively with your partners and suppliers in real time.

Complexity and interdependency make it imperative that expectations and commitments are clear, and clearly communicated, to all parties.