Supply Chain Risk Management
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This course focuses on identifying, assessing, and managing risks within the supply chain. Participants will learn how to enhance supply chain resilience, minimize disruptions, and mitigate risks associated with global and local supply chain operations.
Objectives:
- To understand the key risks within the supply chain and their potential impacts
- To develop strategies for risk identification, assessment, and mitigation
- To improve supply chain resilience and reduce vulnerability to disruptions
- To apply risk management tools to optimize supply chain performance
- To understand how to respond to and recover from supply chain disruptions
Who Should Attend:
- Supply Chain Managers
- Risk Managers
- Logistics Coordinators
- Operations Managers
- Procurement Specialists
Course Outline:
Day 1: Introduction to Supply Chain Risks
- Overview of supply chain risk management principles
- Types of risks: operational, financial, strategic, and environmental
- Identifying risks in global and local supply chains
- Hands-on: Risk mapping and prioritization
Day 2: Risk Assessment Techniques
- Tools for assessing supply chain risks (e.g., risk matrices, scenario analysis)
- Quantifying risks and calculating potential impacts
- Analyzing risk probabilities and vulnerabilities
- Hands-on: Risk assessment case study
Day 3: Risk Mitigation Strategies and Controls
- Developing strategies for mitigating supply chain risks
- Building resilience into the supply chain through redundancy and flexibility
- Supplier management and contingency planning
- Hands-on: Designing a supply chain risk mitigation plan
Day 4: Risk Monitoring and Reporting
- Setting up systems to monitor and track supply chain risks
- Risk indicators and early warning systems
- Reporting and communicating risks to stakeholders
- Hands-on: Developing a risk monitoring system
Day 5: Responding to and Recovering from Supply Chain Disruptions
- Crisis management and business continuity planning
- Recovery strategies for supply chain disruptions
- Post-disruption analysis and continuous improvement
- Hands-on: Developing a supply chain recovery plan