Risk Management in Procurement

Discuss how to mitigate risk in procurement, and share approaches and strategies with fellow members.

May 15, 2024 9:00 AM - 12:00 PM

Description

In the current landscape of global business, procurement professionals face a myriad of challenges in managing risks effectively. The complexity of supply chains, geopolitical tensions, and market volatility underscore the importance of robust risk management strategies. This session will delve into the intricacies of risk management in procurement, exploring:

• best practices
• emerging trends
• approaches to mitigate risks
• ways to enhance organizational resilience.

We will hear Dave Watkins, Director of Supply Chain Management at Alliant Energy, share his approach and priorities when navigating the turbulent waters of procurement risks. Through these interactive discussions and practical examples, attendees will gain a deeper understanding of identifying, assessing, and addressing risks throughout the procurement lifecycle. From supplier selection and contract negotiations to supply chain disruptions and regulatory compliance, this event will leave participants with actionable strategies to proactively manage risks and drive sustainable value creation.

Join us for an enlightening conversation on risk management in procurement, where participants will exchange ideas, and establish a proactive mindset towards mitigating risks and seizing opportunities in today's dynamic business environment. Whether you're a seasoned procurement professional or an aspiring leader in the field, this event promises to be a valuable platform for enhancing your risk management capabilities and driving organizational success in an uncertain world.

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Additional Information

Location: Zoom

Contact: Events Team, events@uwebc.wisc.edu