Marc Durant is currently the Director of Purchasing at the Vollrath Company in Sheboygan and is responsible for setting the strategic direction and policies for global procurement. Having immigrated to the US from Canada after obtaining a bachelors’ degree from Trent University, Marc’s career in Supply Chain has spanned 22 years working with small to large Wisconsin companies and in a variety of roles.
In 2007 he spent a year as a working member of a SCOR project that was directed by one of the authors and current executive director of the APICS Supply Chain Council, Peter Bolstorff. Marc lives in Sheboygan Falls with his wife Susan and daughters Claire and Sophie.
About the Presentation:
Vollrath is in the midst of a transformation from a mid-sized, regional manufacturer to a global leader in the foodservice equipment industry. With nine acquisitions on three continents in the last twelve years, supply chain complexity has increased exponentially leaving the company exposed to risk associated with loss of supply. Without the internal structure to adequately monitor supply risk, the lessons learned have been painful and at times, threatened Vollrath’s position in some markets. Over the last couple years, a major focus for Supply Chain has been to implement a robust, and manageable, supply risk management program across the company.
Risk is a term that is fraught with ambiguity and prevalent in most aspects of any supply relationship. While commercial failure is what is most commonly associated with supply risk, it is not the only source of loss of supply. Acts of nature, economic and political pressures, changes to industry regulations, supply market consolidation, forward integration and government instability are all sources of supply risk that need to be considered (their last acquisition yielded a supply chain that included sources in Pakistan, Turkey and Russia).
The approach to managing supply risk has been threefold:
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