Procurecon Indirect West 2015 (past event)
September 28 - 30, 2015
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Joe Stephens
Senior Director of Sourcing and Supplier Management
PPL Corporation
Day 2: Tuesday, September 29, 2015
Tuesday, May 9th, 2017
15:45 Panel: Linking Spend Management to Risk Management
Sometimes, the best way to mitigate risk is to get ahead of the game by becoming involved in the process earlier than usual.
- Getting ahead of proof of concept to establish scope, evaluate suppliers, and set pricing strategies
- Standardizing contract language to get through process faster.
- Proactive vs reactive engagement with suppliers and stakeholders
- Conducting research and due diligence before the sourcing event even begins.
- Determining the risk measure that can’t be tied to hard dollars such as IP, anti-fraud and implementation costs