Managing Supply Chain Risk

Course Overview

The financial impact of supply chain disruption can be devastating but is often only understood once it’s too late. Supply Chain strategies driven primarily by cost management and delivery improvements must be more comprehensive. The time has come to make supply chain risk assessments part of the supply chain planning process. It is estimated that a publicly held organisation that experiences a moderate or higher risk event can expect anywhere between a 7% – 10% reduction in shareholder value. More sinisterly, many organisations that experience a major risk event may themselves run the risk of being out of business within three years of the event occurring.

Supply Chain Risk Management (SCRM) is an evolving discipline and will remain so for the foreseeable future. Becoming a risk management leader demand mastering 4 stages of SCRM excellence: visibility, predictability, resiliency, and sustainability. This 5-day interactive Managing Supply Chain Risk training course aims to provide the participants with an awareness and all-around understanding of the myriad types and severity of business risks that can impact the health and well-being (fiscally and legally) of the supply chain function within the organisation. Its further intention also is to provide the necessary strategy and tactics as to how to treat and manage identified risks.

Course Objectives

On completion of this training course, the participants will learn to:

• Understand the meaning and impact of risk in business management
• Research, identify, and categorise risks and their extent
• Know how to carry out risk assessments as and when identified
• Understand the use of the risk matrix to identify the severity of identified risk
• Analyse the use of contingency plans to overcome risks in supply chains
• Propose a risk management plan on how to mitigate the various categories of risk
• Understand the contents and benefits of a Disaster Recovery Plan (DRP)

Target Audience

It is suitable for a wide range of working professionals, including (but not limited to) the following participants who have a direct influence or exposure to risk in managing supply chains. 

• Supply Chain Management
• Operations Management
• HSE Management
• Finance Management
• Project Management
• Sales Management
• Product/Service Design Professionals
• IT Professionals

Training Methodology

The training course will primarily utilise a mixture of PowerPoint presentation material, video clips where applicable, participants’ internet research and facilitating classroom group activities where practical case studies can be understood and discussed. The methodology will also encourage participants to provide their experiences of risks experienced in their businesses. Participants’ feedback on taught materials will also be encouraged.