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Supply Chain Risk Management
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Course Duration
5 Days
Enroll By
Every Week
Course Type
Online/ London
Course Details
This 5-day course provides a comprehensive understanding of supply chain risk management principles and practices. Participants will explore the various types of risks that can disrupt supply chain operations, including natural disasters, geopolitical events, supplier failures, and transportation disruptions. The course covers core concepts such as risk identification, risk assessment, risk mitigation, and risk recovery. Through real-world case studies and interactive exercises, learners will gain insights into how leading companies manage supply chain risks to ensure business continuity and resilience.
The course emphasizes the importance of proactive risk management and the development of robust risk mitigation strategies. It explores various risk assessment methodologies and tools, including SWOT analysis, scenario planning, and simulation modeling. Participants will learn how to identify critical vulnerabilities in their supply chains, assess the likelihood and impact of potential disruptions, and develop contingency plans to minimize the negative consequences of these disruptions.
By the end of this course, learners will be able to:
- Identify and assess supply chain risks.
- Develop risk mitigation strategies.
- Create contingency plans for supply chain disruptions.
- Implement risk management processes.
- Monitor and evaluate the effectiveness of risk management efforts.
- Supply chain managers
- Risk managers
- Logistics professionals
- Procurement professionals
- Operations managers
- Anyone involved in managing supply chain risks
Course Outline
5 days Course
- Introduction to Supply Chain Risk Management: Concepts and Frameworks:
- The importance of supply chain risk management.
- Types of supply chain risks: Natural disasters, geopolitical events, supplier failures, transportation disruptions, cyberattacks, and pandemics.
- Supply chain risk management frameworks: ISO 31000.
- Case study: Analyzing a major supply chain disruption.
- Activity: Group discussion on the challenges of managing supply chain risks.
- Risk Identification and Assessment:
- Risk identification methodologies: Brainstorming, SWOT analysis, and surveys.
- Risk assessment techniques: Qualitative and quantitative methods.
- Using risk assessment tools and software.
- Practical exercise: Identifying and assessing risks in a specific supply chain.
- Risk Mitigation Strategies:
- Risk mitigation strategies: Diversification, redundancy, collaboration, and insurance.
- Developing contingency plans for different types of disruptions.
- Building supply chain resilience.
- Case study: Implementing a risk mitigation strategy.
- Risk Mitigation Strategies:
- Risk Monitoring and Evaluation:
- Monitoring supply chain risks and potential disruptions.
- Evaluating the effectiveness of risk management efforts.
- Using risk management dashboards and reporting tools.
- Practical exercise: Developing a risk monitoring plan.
- Risk Monitoring and Evaluation:
- Building a Culture of Risk Management:
- Creating a risk-aware culture in the organization.
- Communicating risk management policies and procedures.
- Training employees on risk management best practices.
- Continuous improvement in supply chain risk management.
- Activity: Project on developing a supply chain risk management plan.
- Building a Culture of Risk Management:
