Supply Chain Risk Management  

The supply chain is by its very nature a complex activity which is therefore susceptible to risk and its associated impacts. This became evident when the supply chain came to grinding halt due to the unexpected COVID-19 pandemic. The supply chain risk management should therefore be a central part of the organisation's strategy. It is a process whereby the organisation will identify, record and then address the risks associated with their activities with the aim of driving out or controlling those risks to the overall benefit of organisational's effectiveness and efficiency. This will also incorporate issues of business continuity planning (BCP) in the event the organisation is exposed to these risks.

 

Participants will learn how to appraise a variety of tools and techniques to establish the level of risks in supply chains and recommend and apply ways of avoiding, mitigating or managing those risks.

Key takeaways

  • Understanding the nature of risks affecting supply chains & their types

  • Assess operational risks in supply chains

  • Contract failure

  • Financial risks e.g. currency, supplier cash flow and insolvency

  • Quality failure

  • Security of Supply

  • Technology

  • Logistics complexity

  • Risks in outsourcing and offshoring

  • Managing risks in supply chains

  • Contractual remedies for managing risks in supply chains

  • Use of contingency plans to overcome risks in supply chains

  • The implications of a contingency plan

  • The components of a business continuity plan (BCP) and a disaster recovery plan

  • Implementing BCP

 

Who should attend?

This course has been developed to help meet the needs of those who want to ensure delivery of high customer-service satisfaction and reduce total cost of ownership:

  • Operations Managers/Executives

  • Purchasing Managers/Executives

  • Inventory Control Managers/Executives

  • Transportation Managers/Executives

Early Fee: USD 995 

Standard Fee: USD 1,395

 Email: enquiry@spire-events.com

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