Rmse-Risk Management in the Sourcing Environment

Course Outline

Introduction to Risk Management in the Sourcing Environment
- The sourcing environment
• Spectramind’s Sourcing Continuum
• Spectramind’s Collaborative Sourcing Model(sourcing life cycle)
- Risk (elements of risk, types of risk, typical risks in sourcing)
- Risk management
• Benefits in sourcing environment
• Collaboration and communication
- Spectramind’s Risk Management Model
- Scalable risk management process
- Operational risks and barriers common toevery stage
Risk Management in the Strategy and Planning Stage
- Stage activities
- Typical risks in this stage
- Rapid assessment and recovery process
Risk Management in the Search and Select Stage
- Stage activities
- Strategies for typical stage risks
- Contract types
• Business objectives
• Managing risk with contract incentives
Risk Management in the Negotiations and Contract Award Stage
- Stage activities
- Sources of risk in terms and conditions
- Collaboration and communication between buyer and seller
- Negotiation phases, process and best practices
- Strategies for typical stage risks
Risk Management in the Start-up and Transition Stage
- Stage activities
- Strategies for typical stage risks
- How risks in this stage differ along the sourcing continuum
Risk Management in the Relationship and Governance Stage
- Stage terminology, activities and characteristics
- Increasing complexity and the scalable risk management process
- Strategies for typical stage risks
Risk Management in the Termination and Migration Stage
- Stage descriptions and activities
- Strategies for typical stage risks
- How risks in this stage differ along the sourcing continuum
Risk Management and Global Sourcing
- A typical profile of global sourcing
- Potential benefits of global sourcing
- Risk management in global sourcing
- Single greatest risk
- How does a global sourcing relationship differ from its domestic counterpart?
- Risks impacting global sourcing arrangements at each stage of the life cycle
The Big Picture
- Risk management: a critical component of sourcing relationships
- Key benefits of managing risk throughout sourcing life cycle
- Key to successful sourcing
- Key to recovering a troubled arrangement
- Rapid assessment and recovery process

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