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Course Code: PSCO 133
1633 Course Visits
Risk Management for Supply Chain and Procurement Specialists
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
Dubai, UAE $4,250
02
5 Days
Dammam, KSA $4,250
Introduction
Training course introducion / brief
In today's dynamic business landscape, effective risk management is crucial for supply chain and procurement specialists to navigate uncertainties and protect organizational interests.
This comprehensive training program offers a deep dive into risk management tailored specifically for professionals in these domains. Over the course of five days, participants will explore fundamental risk management concepts and delve into practical techniques for identifying, assessing, and mitigating risks across the supply chain and procurement lifecycle. From supplier risk management to regulatory compliance and legal considerations, participants will gain insights into industry best practices and emerging trends, empowering them to proactively address challenges and drive operational resilience.
Course Objectives
At the end of the training course, participants will be able to
- Gain a comprehensive understanding of risk management principles and techniques specific to supply chain and procurement contexts.
- Develop skills in identifying, assessing, and prioritizing risks inherent in supply chain and procurement processes.
- Learn and apply practical tools and strategies for mitigating risks, including supplier risk management and regulatory compliance.
- Enhance ability to analyze and respond to legal, ethical, and social responsibility risks within the supply chain and procurement domain.
- Foster a culture of continuous improvement by imparting best practices and frameworks for ongoing risk management refinement.
Course Audience
Who is this course for, and can benefit the most
This training is designed for supply chain and procurement specialists who are seeking to develop robust risk management skills to safeguard their operations and enhance resilience in dynamic business environments.
Course Outline
The course aims and learning outcomes
Fundamentals of Risk Management
- Introduction to Risk Management in Supply Chain and Procurement
- Understanding Risk Types and Categories
- Risk Identification Techniques: SWOT Analysis, Failure Mode and Effects Analysis (FMEA), Risk Registers
- Risk Assessment and Prioritization: Probability and Impact Matrix, Risk Scoring
- Introduction to Risk Mitigation Strategies
Risk Management Tools and Techniques
- Quantitative Risk Analysis: Expected Monetary Value (EMV), Decision Trees
- Qualitative Risk Analysis: Risk Probability and Impact Assessment, Risk Matrix
- Monte Carlo Simulation for Risk Analysis
- Sensitivity Analysis and Scenario Planning
- Risk Response Planning and Execution
Supplier Risk Management
- Supplier Risk Identification and Assessment
- Supplier Risk Mitigation Strategies: Diversification, Dual Sourcing, Supplier Collaboration
- Supplier Performance Metrics and Monitoring
- Contractual Risk Management: Terms and Conditions, Liability Allocation
- Managing Supply Chain Disruptions and Resilience Planning
Regulatory Compliance and Legal Risk Management
- Overview of Regulatory Compliance in Supply Chain and Procurement
- Legal Risk Identification and Assessment
- Contract Risk Management: Contract Review and Negotiation, Contractual Obligations
- Intellectual Property and Data Security Risks
- Ethical and Social Responsibility Risks
Continuous Improvement and Best Practices
- Risk Management Frameworks and Standards: ISO 31000, COSO ERM
- Continuous Improvement in Risk Management: Lessons Learned, Feedback Loops
- Best Practices in Supply Chain and Procurement Risk Management
- Case Studies and Real-World Examples
- Developing a Risk Management Plan for Supply Chain and Procurement Operations
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.
Since 2001, we have been pioneering the training field in the middle east, we managed to unlock potential and help individuals, teams and organisations to be the best that they can be with our full and integrated solutions.
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