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Procurement: How to Respond to Supplier Mergers & Acquisitions

When: Thursday, June 13 | 10:00 am - 10:45 am  
Where: Room 45 - Team Development Track
Level: Intermediate, Advanced
Participant Types: Purchasing, Supply Chain Management, Quality Control, Operations, Manufacturing

 

Description

What do you do when an important supplier is merged with or acquired by another that isn’t approved to supply specific components, instruments or implants previously supplied by the acquired company? If the decision is forced on you, the concerns and risks remain the same but without the benefit of time or ability to decide not to proceed. With the ongoing M&A activity in the supplier space, all OEMs should prepare for this scenario. Mr. Finch will lay the groundwork for your optimal response, from reviewing the necessary language in your supplier agreement to post-acquisition monitoring. Bring your questions.

Attendee Takeaways

  • Learn how to prepare for supplier M&A in your supply agreement and quality manual
  • Learn the first steps you should take upon knowledge of an acquisition
  • Understand how your team should monitor the new supplier relationship

Speaker 

David Finch has more than 30 years of hands-on experience in global supply chain and manufacturing operations in the medical device industry. In addition to being an author and speaker, he is President and Founder of Insight Collaboration Partners, a consulting group that assists companies in M&A due diligence, post-acquisition business process consolidation, strategic supply partnering, improving collaboration and maximizing operational efficiency. Mr. Finch previously served as Senior Director of Planning and Procurement at MicroPort Orthopedics and Wright Medical, where his leadership responsibilities included demand and supply chain planning, procurement and the integrated business planning process. He also provided global operations and supply chain leadership at Becton Dickinson, Johnson & Johnson, PVT Solar and Centex Homes.

 

Recommended Reading

Be Prepared When Suppliers are Acquired
The Forgotten Phase of M&A: Supply Chain Infrastructure
The Forgotten Phase of M&A: Mitigating Supply Chain Risks
The Forgotten Phase of M&A: Post-Close Supply Chain Integration