Includes 1 Hour Windows Media Video File and PowerPoint presentations for immediate download.
Medical devices have become increasingly complex due to advances in technological innovation, which in turn, has required additional product suppliers to provide the necessary components. A lack of appropriate risk mitigation processes and procedures specific to sourcing and procurement activities can lead to a magnitude of challenges including regulatory enforcement action, cost variations, and unexpected inventory deficiencies. In order to combat this, sourcing and procurement teams must implement a holistic approach for evaluating potential risk.
- Structure of a supply resiliency program
- Implementing a risk measurement system
- Practical application of risk mitigation strategies
- Pros and cons of single versus multiple suppliers
Strategic Sourcing Manager