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- About Us
A highly interactive training course on
Supply Chain Risk Management
Training course overview
This course equips supply chain professionals with the skills needed to position their organizations as industry leaders by optimizing supply chain management for cost reduction and enhanced service levels.
In the context of global trade, which introduces high levels of risk and uncertainty, this uncertainty can escalate into a risk spiral, resulting in increased costs and diminished service quality. However, with thorough analysis, preparation, and strategic action, these risks can be mitigated or managed effectively. This seminar will demonstrate how to employ practical tools and techniques to navigate and resolve these challenges.
The course will cover:
- Understanding supply chain operations
- Identifying and leveraging the drivers of other supply chain participants
- Using analytical tools to detect and manage supply chain risks
- Implementing strategies for cost and service improvements
- Developing a framework for ongoing enhancement
What are the goals?
By the end of this course, participants will be able to:
- Apply a thorough understanding of supply chain activities
- Identity, analyse and evaluate supply chain risk
- Understand the keys aspects in reducing risk
- Use risk management tools and techniques
- Make supply chain organisational improvements
Who is this training course for?
This course is suitable for a wide range of professionals but will greatly benefit:
- 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
How will this training course be presented?
This course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes discussion and lectures using international best practice, practical applications, exercises and case studies, extensive course manual, presented by the Tutor who is an author of many books on supply chain and procurement topics.
Course Outline
Day One
Understanding the Supply Chain
- Supply Chain Definitions
- Customers, competitive advantage and demand
- The Global Supply Chain
- Incoterms 3000 and reducing Risk
- Recognising Risks in the Supply Chain
Day Two
Identifying Supply Chain Instabilities and Risks
- Internal supply chain risks
- PESTLE risks
- Inventory and financial risks
- Disruption and security risks
- Procurement and logistics risks
Day Three
Understanding the Risk Spiral, Reducing Supply Chain Risk
- Consequences, Outcomes
- Analysing 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
Day Four
Using Risk Management Tools and Techniques
- Risk mitigation matrix and options
- Risk management principles
- The role of Procurement and Supply Chain strategy
- Evaluation and prioritisation of risks
- Developing a risk management culture
- Contingency and risk management planning
Day Five
Rethinking the Supply Chain
- Supply chain futures and predictions
- China supply chain effects
- Reengineering supply chains end to end to minimise risk
- Organisation development
- Models for change
The certificate
- Coventry Academy Certificate of Attendance will be provided to delegates who attend and complete the course.
- The applicable PMI Professional Development Units/Contact Hours will be reflected in the Certificate of Attendance