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This event is open for all professionals interested or currently working in Starups in Hanoi, or supply chai professionals in Hanoi, or who are interested in looking for business collaboration for U.S. market through meeting with a delegation of Baylor University (U.S.), Executive Master Program.

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PROCUREMENT MANAGER (RETAIL FASHION) - AU CHAU FASHION & COSMETICS CO., LTD

Founded in 2009, Au Chau Fashion and Cosmetic Company (ACFC) - a division of Imex Pan Pacific (IPP) Group, is the seat of some of the world's premium and most admired fashion brands. ACFC is the leader in brand management and distribution company specializing in international brands in Vietnam, a driving force of retail and distribution networks and provides full-service retail management in the country. Some our brands are Nike, Tommy Hilfiger, Diesel, Tumi, Gap, Calvin Klein, Banana Republic, Mango....

PROCUREMENT MANAGER - ABBOTT

Abbott believes in the power of health. With better health, people and communities can live better and achieve more.
- We create new solutions - in diagnostics, medical devices, nutrition and branded generic pharmaceuticals - that help people around the world, in all stages of life, live their best lives through better health.

INTERNATIONAL SOURCING MANAGER - VIETNAM, THAILAND, MALAYSIA, INDONESIA, INDIA - NIMBUS 9

Our company is a rapidly growing company based in The US and Vietnam. We are evolving into an international sourcing business with a focus on Hygiene products. Our clients are mostly US focused and conglomerates.

CORONAVIRUS: THE SEVEN ACTIONS FROM PROCUREMENT TEAMS

2020-03-25 08:52:31

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CORONAVIRUS: THE SEVEN ACTIONS FROM PROCUREMENT TEAMS

Buyers are playing a vital role in managing the impact of COVID-19 © Zhang Yao/China News Service/Getty Images

Buyers are playing a vital role in managing the impact of COVID-19 © Zhang Yao/China News Service/Getty Images

 

 

Procurement teams are focusing on seven key actions to address the threat to business continuity posed by the coronavirus.

 

 

A survey of organisations in Casme, a global membership network for corporate procurement, showed purchasing teams are “playing a vital role in managing the impact of the Covid-19 virus”.

 

 

Casme said it had surveyed subscribers to “understand the actions currently being taken to minimise the impact of supply chain disruption”, and while “some arrangements are considered too sensitive to share by certain companies”, seven areas had been identified. More than 50 organisations responded to the survey.

 

 

The seven actions are:

 

 

1. Mapping suppliers and identifying those known to be located in high-risk geographies, in order to understand the extent of the potential problem.

 

 

2. Prioritising the sourcing of protective equipment for employees, such as masks.

 

 

3. Understanding which items being sourced are likely to be delayed or impacted, and planning for worst-case scenarios.

 

 

4. Accelerating the introduction of alternative suppliers.

 

 

5. Increasing safety stock levels.

 

 

6. Requesting that employees in high-risk areas work from home, where possible, and avoid public transport

 

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7. Cancelling team meetings/regional conferences and implementing a travel ban covering China, Hong Kong and Taiwan.

 

 

Graham Crawshaw, global services director at Casme, said: “Keeping the lines of communication open with suppliers is important, so that the organisation is informed of developments and challenges being faced by suppliers.

 

 

“During this crisis, companies are recognising the value of supplier relationship management programmes – especially when a supplier treats the organisation as a priority customer if stocks are limited. However, buyers also understand the need to accept price rises as part of the relationship while the supply/demand equilibrium changes.

 

 

“Procurement is also communicating internally, working with stakeholders to avoid scaremongering, and focusing on developing and successfully implementing action plans for risk mitigation.”