The ISM Supply Chain Risk Management Group Invites
You to Attend a Free Web Seminar
Title: Risk Management in the Global Contracting Environment
Presenter: Ernest Gabbard, JD, CPSM, C.P.M., CPCM
Date: February 18, 2014
Time: 1:00 PM Eastern Standard/10:00 AM Pacific Standard
There are risks in every transaction between a buyer and a seller. These risks each should be identified and allocated in the contract between those parties. Such transactional risks are quite different in the global contracting environment, and require considerably different considerations than those between the domestic buyer and seller. This web seminar has been designed to provide insight into this challenging environment, and acquaint the attendee with the many unique aspects of the global contract. We will cover such diverse elements as:
· What laws and regulations apply to the global contract?
· What terms and conditions are critical in almost every global contract?
· What role does culture play in the global contracting environment?
· How are Incoterms used as an essential tool for allocating global logistics risks?
Your presenter will be Ernest G. Gabbard, who has over 25 years of supply management and contract management experience and recently retired as Executive Director of Strategic Sourcing for a Fortune 1000 corporation. In this position, he was the Senior Procurement Executive with strategic responsibility for ~$4 billion global spend, across eight diverse operating divisions.
Mr. Gabbard previously held senior procurement management positions with Hughes Aircraft and Litton Industries, and was a Contracting Officer with the U.S. Government. He has conducted business transactions in 34 countries, and resided for over 14 years in Europe, Asia, and Middle East.
He is a frequent speaker on these subjects at professional organizations such as Institute for Supply Management (ISM), and National Contract Management Association (NCMA). His articles on procurement and contracting management issues have been published in numerous national publications including the ISM’s Inside Supply Management and NCMA’s Contract Management magazines. He has been a member of the Editorial Advisory Board for ISM’s Inside Supply Management magazine. He also wrote the chapter on “Contracting and Subcontracting” in the latest edition of The Supply Management Handbook. Mr. Gabbard holds several college degrees, including a Juris Doctorate (law) degree, and taught Procurement, Contract Management, and Contract Law classes for California State University and University of California. He is currently on the Board of Advisors for Supply Chain Management at Duquesne University.
To register, please click on this link; if prompted to do so, please enter this as the webinar ID Number: 158-224-475.
If you have any questions, please contact Lynn Marstiller, ISM Affiliate Support, at email@example.com.
Future webinars and topics on the ISM Risk Management Group Agenda:
What’s Coming Down the Pike: Next Generation Supply Risk Management Technology
Presenter: Jason Busch, SpendMatters
Date: Thursday, January 16, 2014
Time: 1:00 PM Eastern Standard/10:00 AM Pacific Standard
Description: Supply risk management technology is headed in many new directions: Social, mobile, predictive, “big data” and multi-tier. Tools that are focused on these characteristics will become the norm in the next decade for predicting and managing risk – and tying broader supply chain initiatives into procurement and supplier development activities. During this web seminar, we will highlight a number of next generation technologies which are blazing new trails in supply risk management.
Category Risk: Ingredients
Speaker: Han/Jian, Ingredion
Date: March 2014
Managing Supply Data to Reduce Revenue Impact
Speaker: Mickey North Rizza, BravoSolution
Date: April 2014
The Crystal Ball of Forecasting Risk
Date: May 2014
Category Risk: Packaging
Date: June 2014
Mitigating Risk for Union Strikes
Date: July 2014
Date: August 2014
Best Practices Planning for the Unthinkable
Date: September 2014
Does Your Business Have Supply Chain Insurance?
Date: October 2014
Managing Sub Tier Supplier Performance
Date: November 2014
Big Data! What is the Risk?
Date: December 2014
A Critical View of Risk Management 2014
Date: Tuesday, December 17, 2013
Time: 1:00 PM Eastern Standard (12:00 PM Central Standard, 11:00 AM Mountain Standard, 10:00 AM Pacific Standard) Time
Duration: One (1) hour; Continuing education credit will be given to those who register and attend
Presenter: Lora Cecere, MBA, CIRM, CPIM; Founder of Supply Chain Insights
What does “risk management” mean? How are “risk management” programs maturing and changing? What are the issues most likely to impinge on managing risk in the coming year? Each industy sub-segment may have a different answer.
Join Lora Cecere to gain a new awareness of how supply chain risk management is evolving as you plan for 2014.
Lora Cecere is the founder of Supply Chain Insights, a research firm that focuses on supply chain issues. She also is the author of a blog, “Supply Chain Shaman”, which explores the use of enterprise applications to drive supply chain excellence. Her book, Bricks Matter, was published in January, 2013.
The Top 10 Logistics Risks Date: September 10, 2013 Speaker: Tom Tanel Good Practices for Managing Value Chain RiskDate: March 21, 2013 Presenter: Phillip L. Carter, D.B.A., Executive Director, CAPS Research, Harold E. Fearon Chair of Purchasing Management at Arizona State University Key Insurance Provisions to Mitigate Contract Risk Date: August 8, 2013Speakers: Rachel Wrightson & Joseph Jean
June 25, 2013: What can Supply Chain Risk Management Learn from Credit Risk?
Speaker: Michael Denton, Partner, Global Risk & Trading Practice, Oliver Wyman
On April 11, the webinar “5 Ways to Mitigate Commodity Volatility”, was presented by Lisa Reisman, co-founder and executive editor of the highly-acclaimed metals website, MetalMiner™ (www.metalminer.com). As commodity prices continue to swing, knowing how and when to tackle volatility is key to successful sourcing strategies. In this web seminar, Lisa Reisman will share strategies and intelligence that will provide solutions and ideas as to how to mitigate commodity volatility.Contracting for Supplier Risk Mitigation
Date: Thursday, January 17, 2013 1:00 P.M. EST
Presenter: Ernest G Gabbard, JD, CPSM, C.P.M., CPCM, Contracting Attorney/Consultant
Today’s economic and political environments have created some serious risks for Supply Management Professionals and their employers. Progressive supply management/procurement professionals recognize the need to manage transactional risks in this increasingly complex business environment. All transactions between a Purchaser and a Seller contain some risks to one or both parties. This is especially true in these challenging economic times. A well written and well managed contract will provide the critical elements necessary to appropriately identify and allocate the risks associated with each transaction. Do you know how to clearly allocate the risks of a purchase/sale in a comprehensive contract?
This webinar will provide valuable insight and tools for identifying and allocating substantive risks in a well written contract. We will review the essential requirements of supplier risk mitigation, and discuss the practical aspects of drafting a quality contract for both the purchasing and sales side of the transaction.
With this practical approach to contract writing, procurement and contracting professionals can immediately provide value to their organization.
New Supply Chain Risk Exposure Index™ on Supply Chain Digest Broadcast, Providing Industry a New and Unique Tool to Quantify Risk
When: June 26th 1:00 PM EST
Speaker: Dr. David Simchi-Levi
MIT’s Dr. David Simchi-Levi Unveils the New Supply Chain Risk Exposure Index™ on Supply Chain Digest Broadcast, Providing Industry a New and Unique Tool to Quantify Risk
Avoiding the Black Swan: Managing Global Supply Chain Risk
When: August 23, 1:00 PM EST
Speaker: Robert Handfield, PhD, Bank of America University Distinguished Professor of Supply Chain Management, Co-Director, Supply Chain Resource Cooperative , Poole College of Management, NC State University
What Can We Learn from Hurricane Sandy?
When: Tuesday, December 18, 2012
Speaker Lora Cecere, MBA, CIRM, CPIM; Founder of Supply Chain Insights
Things happen; “Frankenstorms”, though thankfully rare, deliver a one-two punch when they do occur. Real world supply chains must continue because consumers and businesses depend upon their products.
The session focused on the lessons that we can learn from the recent experience of Hurricane Sandy and converging storms in the northeastern United States. Supply chain practices continuously evolve and, as a result of attending this webinar, you will learn the strategies and practices utilized by leading supply chains during the recent “perfect storm”.
1. What strategies and practices were utilized?
2. What worked and what didn’t?
3. Who experienced the most resiliency and why?
4. If the perfect storm occurred again, what lessons learned would be utilized next time?
If you missed a webinar or podcast, visit these sites:
ISM Education & Training: ISM Web Seminars
Deloitte Consulting released a report on risk earlier this month where they surveyed over 600 companies, both manufacturing and retail around supply chain risks. The attached report publicizes the findings and as you read through this, the elements which are generally apparent are:
· Supply chain risk is considered to be a strategic issue
· The most common outcome of supply chain erosion is margin erosion
· A majority of the respondents feel that supply chain risk management is ineffective
· Companies across the board face a wide variety of challenges and lack real technologies to deal with those challenges.