This Managing the Supply Chain Risk training course will help you confidently analyse the expected impact of all potential risks and develop the necessary methodology to ensure a smooth and sustainable recovery plan for your organization.
COURSE OBJECTIVES
Participants of this Supply Chain Risk Management Course should be able to:
Understand the complexities and impact of supply chain risk and be able to plan accordingly
Implement a robust disaster recovery plan
Utilize relevant technology or software for risk modelling and identification
Recognize, assess and mitigate various types of risk throughout the supply chain
Prepare in advance for external or political events that may impact supply chain management
COURSE OUTLINE
Introduction to Risk within Supply Chain Management
What is risk and why do we tolerate it within efficient organizations?
Understanding the potential impact of certain types of risks
Looking at how to analyse, understand and assess risk
Wider implications and effects of poor risk management
Identifying the key roles associated with risk management and who is responsible for each stage
Identification and Planning
Understanding the various risk categories and how to assess
Difference between internal and internal risks
Studying risk analysis through Six Sigma (Suppliers, Inputs, Process, Outputs, Customer)
Looking at various risk frameworks
Identification of risk into various categories such as operational, reputational, financial
Planning for a resilient supply chain and how to implement this
Evaluation of Key Risks
Understanding and evaluating risk based on the risk management framework
Using benchmarking and modelling as tools to evaluate risk within the supply chain
Evaluating risk through the use of projections, simulations, and analysis
Evaluating the effects of various types of risks through assessing disruption levels and disaster recovery impact
Understanding various terms such as ripple effect and bullwhip effect, and being able to consider these when evaluating risk
Developing your own Risk Management Framework
Using everything you have learned in the last few modules to develop a tailored risk management framework for your organization
Incorporating relevant modelling, assessment, benchmarking and analysis tools
Fundamentals of developing, implementing and rolling out such a framework throughout your supply chain teams
Considering the impact of a robust risk management framework for the organization
Controlling Risk for the Future
Studying the benefits of improved monitoring and increased control over the supply chain
Potential issues when implementing your risk management framework
Assessing future risk and considering legal and ethical obligations as well as financial
Being able to use your risk management framework as a structured roadmap for the coming months and years
Assigning roles and responsibilities and delegating ownership of risk
Technological and IT Implications for Managing Risk
Study of the recent technological advances in risk management
Considering various software integrations that would suit different types of organizations for supply chain risk management
How to future proof your risk management framework and plan for unexpected events
TARGET AUDIENCE
Risk Management Team, Supply Chain Managers, Human Resources Personnel, distribution and operations staff, Plant Managers and Senior Staff
