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Course Code: PSCO 103
532 Course Visits
Managing Risk in Supply Chain
Course Sector:
Procurement & Supply Chain Operations
Course Dates and Locations
Choose a date and location to book your seat
No.
Date
Days
Location
Fees
Enrollment
01
5 Days
Salalah, Oman $4,250
02
5 Days
Kuala Lumpur,Malaysia $4,950
03
5 Days
Dubai, UAE $4,250
Introduction
Training course introducion / brief
Nowadays, supply chain risk management has become more complex, it is
full of challenges that can result in higher cost, wasted materials and
production error. The ability to effectively manage risks in a supply
chain is an absolute must in the skill set of any current supply chain
professional. This training course is designed to help participants gain
the necessary skills and knowledge for them to operate diligently and
effectively with their supply base, mitigating any risks and maximizing
all opportunities to gain competitive advantage in their market place.
Managing Risk in Supply Chain
This course provides a comprehensive understanding on the nature of
supply chain risk management and how it helps to reduce the chances of
any uncertain situation and feat an appropriate set of solution to
manage the situation efficiently and effectively.
Course Objectives
At the end of the training course, participants will be able to
- Gain a comprehensive understanding of modern supply chain and risk management concepts as a foundation for operational success
- Identify and evaluate sources of risk from across the supply chain
- Develop risk mitigation and contingency plans to ensure uninterrupted supply flow
- Effectively plan supply chain management risk process to match organizational requirements
Course Audience
Who is this course for, and can benefit the most
- Procurement Manager / Supervisor
- Procurement officer / assistant
- Purchase officer
- Vendor manager
- Supplier relationship officer
- Purchase coordinator
- International Buyer
- Category purchasing manager
- Supply chain officer- Procurements
- Logistics Professionals
- Distribution Managers
- Working in this field
- These who wants to start a career in this field
Course Outline
The course aims and learning outcomes
Supply chain management and risk
- Supply chain overview
- Functions of a supply chain
- Supply chain objectives
- Supply chain configuration
- Introduction to risk management
- Why take risks?
- Risk Perception
- Risk within dynamic environments
- Benefits of supply chain risk management
Planning risk process in supply chains
- Risk management process overview
- Risk management deliverables
- Plan approach
- Risk administration
- Supply chain risk definitions
- Distribution of roles
- Stakeholder management
- Developing a communications plan
- Managing change
- Risk tolerance
- Risk appetite
- Cultural considerations
- Templates
Identifying supply chain risks
- Identifying risks
- Scoping supply chain risks
- Internal versus external risks
- SIPOC model
- Value chain analysis
- SCOR framework
- Work breakdown structure
- Scope change risks
- Risk types and categories
- Service level risks
- Financial risks
- Risk identification and evaluation toolkit
- Risk analysis
- Measuring likelihood of risk
- Measuring impact of risk
- Expert options (interview)
- Benchmarking as a tool for risk evaluation
- Modeling and simulations
- Probability distributions
- Three-point estimates
- Common distribution curves for evaluating risks
- Sensitivity analysis
- Decision tree analysis
- Mapping risks
- Using risk heat maps
Responding to supply chain risks
- Risk response strategies
- Accept, reject and transfer
- Mitigation and contingency planning
- Mitigation strategies for transportation risks
- Mitigation strategies for warehousing risks
- Mitigation strategies for inventory management risks
- Mitigation strategies for sourcing risks
- Sourcing strategies to exercise power
- Sourcing strategies to create advantage
- Secondary and residual risks
Controlling supply chain risks
- Benefits of monitoring and control
- Work performance evidence
- Change requests
- Ethical considerations
- Legal considerations
- Managing a risk charter
- Elements of risk charter
- Ownership of risk charter
- Defining risk responsibilities and accountabilities
- The charter as a live document
- Summary: risk process overview
Providers and Associations
Providing the best training services and benefits to our valued clients
Boost certificate of completion
BOOST's Professional Attendance Certificate “BPAC” is always given to the delegates after completing the training course, and depends on their attendance of the program at a rate of no less than 80%, besides their active participation and engagement during the program sessions.
ENDORSED EDUCATION PROVIDER
Flexible deadlines
Customized dates accordance to your schedule
Shareable Certificate
Earn certificate upon completion
COURSE METHODOLOGY
Our Training programs are implemented by combining the participants' academic knowledge and practical practice (30% theoretical / 70% practical activities).
At The end of the training program, Participants are involved in practical workshop to show their skills in applying what they were trained for. A detailed report is submitted to each participant and the training department in the organization on the results of the participant's performance and the return on training. Our programs focus on exercises, case studies, and individual and group presentations.
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