The COVID-19 pandemic has changed the business environment for many organizations around the globe and has highlighted the importance of being able to react, adapt and set up crisis management mechanisms in order to weather situations of uncertainty.
One strategy that leaders can employ to help them alleviate some of these challenges is Vendor Managed Inventory (VMI) and a partial outsourcing of procurement/warehousing capabilities to 3rd party service providers.
Moving inventory to an external partner takes away much of the risk associated with supply chain business models that are predicated around keeping costs as low as possible and only purchasing what is needed when required.
By attending this strategy discussion you will learn how to:
- Maximise cash-flow and hold minimum inventories
- Pay for inventory on consumption
- De-risk erratic supply timelines from Asia
- Ship in bulk and reduce high volume, high-cost deliveries from global suppliers
- Create an environmentally friendly and sustainable procurement model
- Consolidate long-tail supply chains
- Guarantee supply through lumpy supply chains and seasonal demands
- Free up existing staff to focus on high value A&B items
- Outsource all non-core activities to professional organizations with industry standard ERP systems
MEET THE SPEAKERS
With more than 25 years of experience in global supply chain and program management with companies like Omron, DSV and RR Donnelley, Dermot specialises in the design and presentation of solutions, and overseeing the full implementation process to ensure successful outcomes. Since joining Exertis in 2015, he has helped to develop complex supply chain solutions and manage stakeholders at a senior level (VP and CxO). Dermot is based in Dublin and was educated at Kevin St College of Technology.
Maria Villablanca is a Supply Chain Influencer who has earned numerous awards, she was recently recognized as 19th place in the Top 100 Women list (sponsored by IBM) for 2021 by BizClik's Supply Chain Digital Magazine. Maria is the Co-Founder and CEO of The Future Insights Network, a fast-growing membership network of over 80,000 manufacturing, supply chain, and digital transformation leaders, the host of the TransformTV podcast series, and the Virtual Interactive Experience Workshop and Supply Chain Icons™ series.
WHAT ARE ONLINE STRATEGY DISCUSSIONS?
Strategy discussions are your opportunity to deep dive into a topic with fellow practitioners and have a real, actionable insight driven conversation around how you can make tangible, value adding changes in your supply chain, today. Distilled down into 1 hour of powerful and purposeful content, join these live workshops and converse with your peers to explore how practitioners from other companies and industries are tackling similar challenges to you.
Strategy discussions provide you with the connections and collaboration you need in order to benchmark and understand best practice advice around the most important supply chain trends and challenges.