Direct Procurement Risk Mitigation

197: Risk Mitigation Strategies for Single & Sole Source Suppliers w/ Ted Olshefski

Today I welcome onto the show Ted Olshefski.  Ted is responsible for Direct Procurement at Panasonic North America.

I’ve come to know Ted well over the past 18 months or so, and I’m delighted to finally be able to welcome him to the show!

I had the opportunity to sit down with Ted in preparation for his upcoming presentation at ProcureCon Direct 2018 in San Diego on the topic of single source suppliers. Our discussion turned into an introduction to some of the considerations at play when developing risk mitigation strategies for scenarios where you have a single source supplier – either because they enjoy a monopolistic position, or because of our own business decisions.

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About the author

Philip Ideson

Philip Ideson is passionate about the role that procurement professionals and leaders can plan in creating competitive advantage for their organizations in ways that go beyond the traditional value proposition.

Philip founded Art of Procurement as a way for the procurement community to learn from each other, increasing the impact they have on their organizations. In 2017, he co-founded Palambridge, a virtual platform of procurement experts, technology, and intelligence. Palambridge provides a broad range of flexible procurement solutions, available on-demand.

Prior to Art of Procurement and Palambridge, Philip enjoyed a career that spanned the procurement value chain, working across three continents for organizations such as Accenture, Procurian, Ally Financial, Pfizer and Ford Motor Company.