DAY 1 Workshop
Supplier Collaboration Starts with Financial Health Transparency
James Gellert, Chairman & Chief Executive Officer at RapidRatings
Organizations worldwide are reacting to the current business uncertainties in a variety of ways. Given the complex and rapid nature of the changes impacting the global economy, it's with great urgency that organizations engage directly with suppliers to ensure operational resiliency through financial health. Having unbiased financial health transparency with suppliers will allow for collaboration on sound business decisions and help avoid disruptions.
Attendees will perform a deep dive into the financial health of a supplier. The session will include working in small teams to talk through a utility financial business case. Participants will then return to the larger group to walk through key learnings related to identifying early warning signals of deteriorating financial health. Key takeaways from this session will be best practices for collaborative discussions with suppliers and how to leverage forward-looking financial health models to mitigate supply chain risks before it’s too late.