Supply chain video: Preparing for the worst, managing supplier risk in the downturn (Part 3)

Filed in archive Supply chain video on July 6, 2009

This is the third part of Robert Hanfield's talk in PMMS Leadership in Procurement: A Global Perspective in Troubled Times. In this part Robert touches upon issues such as early retirement policies, cash issues and synchronization with suppliers; Generally speaking, he doesn't consider early retirement a great strategy in this economic situation as those are the people who have been in the companies' facilities for a long time and know where the issues and cost saving opportunities are.




Another issue he mentions is the demand drying up: An example mentioned is Caterpillar which its 3 year backlog of orders disappeared over night. Hope you like this part as well.