Alternative Dispute Resolution (ADR)

CIOP training and certification program is delivered over 90 hours of classroom/online training in corporate and retail batches. The uniqueness of this program is that it addresses the modern supply chain trends without loosing the traditional aspects. This program prepares the participants for supply chain management in 2025 and beyond by infusing the learnings need in the areas of industry 4.0 such as Internet of Things (IoT), Blockchain, Artificial Intelligence (AI), Machine Learning (M/L) and Robotic Process Automation (RPA). It also deals with process improvement philosophies, methods, and tools such as Microsoft Visio. The program deals with almost 50+ supply chain analysis techniques.

Alternative Dispute Resolution, otherwise known as alternative dispute resolution (ADR), refers to a broad spectrum of dispute settlement methods and practices that act as a way for two parties not involved in a commercial transaction to reach an agreement outside of the courtroom or court room. These agreements can be reached through the simple exchange of information about the party involved and the type of agreement that are to be created. 

Alternatives are also available when a party involved in a dispute does not want to go to trial and would prefer to negotiate a settlement outside the court system. Alternatives may also include Alternative Dispute Submission, Alternative Dispute Resolution, or Alternative Dispute Resolution Training.

In a recent survey, more than half of the businesses in the U.S. estimated that they needed an outside source to arbitrate their disputes in the past five years. Nearly all those companies indicated that they used in-house counsel or tried to resolve disputes through existing arbitration bodies such as the American Association of Retired Persons (AARP) and the National Association of Business Boards (NAR). A majority of businesses who were surveyed stated that it was unnecessary and/or cost ineffective to use in-house counsel or state law courts to resolve their disputes because they could have achieved the same results using alternative dispute resolution methods. Nearly all of the businesses that responded said that they could have achieved a quicker settlement if they had chosen alternative dispute resolution over in-house counsel or state courts. Moreover, it appears that business executives are beginning to recognize that there are many benefits to outsourcing dispute resolution to an arbitrator instead of in-house counsel.

Many business executives feel that if a company is successful at mediation and arbitration, the cost of having attorneys on both sides of the dispute will be extremely high. The alternative to using arbitration and alternative dispute resolution is to use the services of company bureaus that do all the research, paperwork and arbitrations for both sides. The fee for such a service is usually less than the cost of one or two full attorneys and it can result in a tremendous savings for a company.

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