Course description
Supply Chain Risk Management
The ability to effectively manage risks in a supply chain is an absolute must in the skill set of any current supply chain professional. This course will equip and develop procurement and supply chain professionals to be able to operate diligently and effectively with their supply base, mitigating any risks and maximizing all opportunities to gain competitive advantage in their market place.
This course is highly interactive and includes group discussions, team exercises, case studies, individual and group presentations, videos and summative quizzes. All participants will have several opportunities to apply the advanced knowledge they gained and demonstrate their skills in Supply Chain Risk Management.
Upcoming start dates
Who should attend?
Who Should Attend
Supply chain and logistics professionals, in particular those at operational, supervisory and management level. The course is ideal for those seeking to complement their supply chain and logistics experience with risk management skills suited for their day to day operations.
Training content
Supply chain management and risk
- Supply chain overview
- Supply chain objectives
- Introduction to risk management
- Risk management terms and concepts
- Scoping supply chain risk
- Supply-side partners
- Demand-side partners
- Internal echelons
- Corporate culture and risk appetite
Managing risk process in supply chains
- Stakeholder management
- Developing a communications plan
- Message scope and clarity
- Identifying stakeholders
- Mapping stakeholders
- Customized messaging
- Distribution of roles
- Managing change
- Technical elements of change
- Political elements of change
- Emotional elements of change
- Risk process overview
- Risk charters and documentation
- Templates
- Risk administration
Identifying risks
- Scoping risk
- Scope change risks
- Defining deliverables
- The Work breakdown structure (WBS)
- Risk types and categories
- Supply risks
- Assessing sources of supply
- Sourcing strategies
- Service level risks
- Financial risk
- Alternative risk identification tools and techniques
Risk Response
- Monitoring and controlling supply chain risks
- Risk analysis
- Measuring impact of risk
- Measuring likelihood of risk
- Quantifying risk
- Mapping risks (risk heat maps)
- Risk response strategies: Accept, Reject, Transfer, Mitigate
- Contingencies
- Managing risk charter
- Elements of risk charter
- Ownership of risk charter: Accountabilities, Responsibilities
- The charter as a live document
- Risk management considerations
- Cultural considerations
- Ethical considerations
- Legal considerations
- Risk and the external environment
Certification / Credits
- Outline modern supply chain and risk management concepts as a foundation for operational success
- Recognize and assess sources of risk from across the supply chain
- Develop risk mitigation and contingency plans to ensure uninterrupted supply flow
- Employ communications and risk project management tools to enable successful implementation of risk management plan
- Recognize cultural, ethical and legal parameters for consideration in supply chain risk management planning
Why choose Convertas?
Founded in 2006
12 Specialized trainers
100% of happy clients
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Convertas Management Consultants
CONVERTAS offers a series of specialized training services across all areas of business, helping employees develop and increase their skills. Our highly qualified trainers through our specifically designed courses and workshops, as well as our innovative training methodology, will provide...