Vendor Audits and Assessing Vendor Risks

Date: February 23, 2017

Time: 9:00 AM to 4:30 PM

Instructor: Tom Cook

Credits: 7 continuing education hours

Price: $350

Seminar Cost:  ISM-New York Members $350/ Non ISM-New York Members $400*

Course Description:  In today’s world, although risk is a part of the equation when it comes to supply chain management, risks can be minimized by proactively planning for unexpected shifts in companies. This seminar on vendor risk management (VRM) provides a breakdown of how to identify those risks before they arise, how to assess their impact and ultimately how to overcome them. Participants will learn to provide a comprehensive view of risks related to third-party relationships and align VRM activities with broader risk management programs.  We will identify, manage, and mitigate vendor risks, while discussing various models for on-going vendor risk management activities.

Topics Covered: This seminar teaches participants a balanced consideration between two distinct aspects of an audit: transactional vs. transformational. You will learn how a collaborative culture with your vendors and within your own company’s functional areas (i.e., Purchasing, Engineering, Finance) helps enhance the commercial relationship and ultimately reduces risk. Through the Vendor Audit process, participants will learn techniques that can improve their communication and relationships with key vendors. Vendor Audits can deliver transactional change, while Program Reviews have the ability to make sustainable, transformational changes within your supply base and organization. These skills will allow you to take a proactive approach for continued success.  The instructor will show how you can utilize metrics and formulas for assessing vendor risk and how to proactively develop working relationships with vendors to assure compliance, sustainability and cost effective structure

Comments from ISM members that have taken this course
“I enjoyed this course very much.  I learned a tremendous amount about vendor management.”
“The instructor did a great job at presenting and giving a lot of practical examples.”

There are three ways to register for this class

Click here to "Download" and fax the Registration form with your credit card information to 914-662-8659 or email a pdf copy to julienneryan@ismnewyork.org
- Call the ISM-New York with your registration information at 800-975-0725
- Sign up now with a Credit Card using PayPal by clicking the "Register" button above
- A confirmation of your registration will be sent within 2 business days

*Non ISM-New York Members should email and call the office to complete the registration. 

All Professional Development Seminars & Certification Review Seminars  are offered in New York City at the offices of Pfizer located at 235 East 42nd Street between 2nd and 3rd Avenue.  

Advance Registration & Payment is required.  ISM-New York reserves the right to cancel any class with less than four registrants and a full refund or credit will be issued. You may transfer to a future session, send someone to take your place or cancel without penalty at any time in writing up to seven days prior to your seminar. If you provide ISM-New York with less than seven days notice, or fail to attend, you will be liable for the entire seminar fee.