Supply Chain Risk Management
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Supply Chain Risk Management Course
Introduction:
Supply chain risk management (SCRM) involves a series of activities designed to minimize supply chain risks. These activities encompass identifying risks, evaluating their likelihood and impact, prioritizing risk events, and implementing measures to mitigate risks or establish backup plans.
The supply chain risk management training course aims to equip individuals with the knowledge and skills to understand and address the risks associated with supply chain and outsourced operations. Regardless of the organization's size, all businesses rely on suppliers, supply chains, outsourced operations, and utilities such as telecoms, water, gas, and power.
Through this course, participants will learn how to identify supply chain risks and implement effective mitigation strategies, ultimately enhancing their organization's resilience in the face of potential disruptions.
Course Objectives:
At the end of the Supply Chain Risk Management Course, delegates will be able to:
- Manage risks, reduce the effects of disruptions in your supply chain, and meet the needs and expectations of your customers and partners.
- Understand how to determine, implement, and monitor an optimal mix of measures to avoid, defer, reduce, or transfer all relevant end-to-end supply chain risks.
- Have the ability to develop, execute and implement a 5-step risk management process.
- Identity, analyze and evaluate supply chain risk
- Use risk management tools and techniques
- Make supply chain organizational improvements
- Develop and implement a Predictive – Proactive SCRM methodology.
- Build supply chain security through capability development and dynamic security management capabilities.
Who Should Attend?
Supply Chain Risk Management Training Course is ideal for:
- Supply chain professionals involved in developing and implementing risk management plans.
- Procurement, buyers and purchasing professionals
- Production and manufacturing professionals
- Logistics, warehouse and distribution professionals
- Those who need an understanding of the relationships between risk, cost & service in supply chains
Course Outlines:
Understanding the Supply Chain
- Supply Chain Definitions
- Customers, competitive advantage and demand
- The Global Supply Chain
- Incoterms 3000 and reducing Risk
- Recognizing Risks in the Supply Chain
Identifying Supply Chain Instabilities and Risks
- Internal supply chain risks
- PESTLE risks
- Inventory and financial risks
- Disruption and security risks
- Procurement and logistics risks
Understanding the Risk Spiral, Reducing Supply Chain Risk
- Consequences, Outcomes
- Analyzing the key drivers of risk
- Improving visibility and reducing variability
- Maintaining velocity, Restoring confidence
- Enabling agility and synchronicity in supply chain
- Applying Supplier Relationship Management
Using Risk Management Tools and Techniques
- Risk mitigation matrix and options
- Risk management principles
- The role of Procurement and Supply Chain strategy
- Evaluation and prioritization of risks
- Developing a risk management culture
- Contingency and risk management planning
Rethinking the Supply Chain
- Supply chain futures and predictions
- China supply chain effects
- Reengineering supply chains end to end to minimize risk
- organization development
- Models for change