Course Overview
This comprehensive course empowers supply chain and logistics professionals to effectively identify, assess, and manage risks throughout the supply chain. It covers a wide spectrum of risk types and mitigation strategies, integrating best practices and compliance requirements to build resilient and agile supply chains. Participants will engage in practical exercises and case studies to apply risk management concepts in real-world supply chain environments.
Course Objectives
By the end of this course, participants will be able to:
- Define supply chain risk and understand its various categories
- Map supply chains and identify key risk exposure points
- Perform qualitative and quantitative risk assessments tailored to supply chains
- Develop and implement effective risk mitigation and business continuity plans
- Manage supplier risks and ensure compliance with relevant regulations
- Leverage technology and data analytics to enhance risk monitoring
- Promote a culture of risk awareness and resilience within supply chains
- Respond proactively to disruptions and recover quickly
Who Should Attend?
- Supply Chain Managers and Planners
- Procurement and Purchasing Officers
- Logistics and Operations Professionals
- Risk and Compliance Managers
- Quality Assurance and Supplier Relationship Managers
- Senior Leaders responsible for supply chain oversight
- Consultants and analysts involved in supply chain projects
Course Outline
Introduction to Supply Chain Risk Management
- Definition and importance of supply chain risk management (SCRM)
- Common types of supply chain risks: strategic, operational, financial, geopolitical, environmental, cyber risks
- Understanding supply chain complexity and interdependencies
- Supply chain mapping and identification of vulnerability points
- Risk management frameworks and processes applicable to supply chains
Risk Identification and Assessment
- Techniques for identifying supply chain risks (brainstorming, interviews, SWOT analysis)
- Tools for mapping and visualizing risks
- Qualitative risk assessment: risk matrices, likelihood-impact analysis
- Quantitative methods: probabilistic modeling, scenario analysis, expected monetary value
- Risk prioritization and decision-making criteria
Risk Mitigation and Business Continuity Planning
- Strategies to mitigate supply chain risks (avoidance, reduction, transfer, acceptance)
- Supplier risk management and due diligence processes
- Contractual risk transfer: insurance and indemnity
- Developing business continuity and disaster recovery plans specific to supply chains
- Contingency planning and crisis response frameworks
Compliance, Ethics, and Resilience Building
- Overview of regulatory requirements impacting supply chains (trade compliance, environmental laws, labor standards)
- Ethical sourcing and sustainability considerations in risk management
- Building resilient supply chains: agility, flexibility, redundancy
- Role of technology: supply chain analytics, blockchain, IoT for risk detection and response
- Change management and fostering a risk-aware organizational culture
Monitoring, Reporting, and Continuous Improvement
- Setting up risk monitoring systems and KPIs
- Reporting structures for supply chain risk and compliance
- Conducting audits and supplier assessments
- Lessons learned and integrating feedback loops
- Case studies of supply chain disruptions and recovery efforts
- Group exercise: Developing an integrated supply chain risk management and resilience plan