Rhythm Innovations

Supplier Assessment

How a digital system reduces cost and enhances insights

23rd May 2024
 
02:00 PM CEST | 08:00 AM EDT 11:00 AM EDT | 05:00 PM CEST

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Overview

The importance of assessing suppliers, during the pre-approval period or within the normal business cycle, is critical to ensuring your company’s continuity and ability to provide high-quality products to your end customers. Often, this interaction and subsequent data collection from suppliers is carried out manually, making it difficult to obtain insights, define and track action items, consolidate responses, and prepare for audits.

In this informative webinar, Rhythm Innovations discusses the supplier assessment life cycle and how implementing a digital supplier engagement platform improves accuracy, fosters collaboration, and reduces operating costs while enhancing insights. You will hear from two procurement and supply chain experts who have worked in environments that used manual and digital methods to connect with suppliers and why digital is the only sustainable way forward.

What you can learn from the session:

  • The power of consolidating supply chain information 
  • Why supplier assessments & self-assessments are so critical  
  • Creating a smooth and reliable supplier onboarding experience
  • Digital supplier assessments enhance efficiency and provide insights
  • How Rhythm can help you begin
 

This webinar will be beneficial to smaller and mid-sized organizations and to large enterprises who wish to begin their digital supplier engagement journey. Of course, it is open to any company interested in reducing cost and gaining critical insights on their supply chain.

Meet our speakers
Michael Stockton Michael Stockton image

Chief Strategy Officer

Rhythm Innovations

Michael Stockton is a seasoned executive with 25 years of experience in manufacturing, specializing in procurement and sustainability. Currently, he is spearheading sustainable supply chain strategies at Rhythm Innovations. His responsibilities include strategic planning, product strategy, go-to-market initiatives, and the organizational development of Rhythm’s business line, with a focus on creating sustainable supply chains.

Previously, Michael worked for TE Connectivity in Germany, where he led the company’s corporate Scope 3 initiative. He has extensive experience managing large procurement teams across the raw materials, automotive, and telecom verticals at TE, Stellantis, and Aptiv.

Paul Cappello Michael Stockton image

Chief Advisor

All Things Procurement

Paul is an experienced Executive Procurement leader with over 45 years of experience in Procurement, Supply Chain & Engineering. He has led large global procurement teams in the electronics industry. His most recent role was with TE Connectivity, the global leader in Connectors and Sensors, where he led Procurement for the company’s Appliance Business Unit. He currently lives with his family in North Carolina, USA and runs his own Procurement Consultancy company.

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