Managing Suppliers Risk

Course Code: PSCO 137

1327 Course Visits

Course Sector:

Procurement & Supply Chain Operations

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Course Dates and Locations

Choose a date and location to book your seat

No.

Date

Days

Location

Fees

Enrollment

08 - 12 Sep 2025

5 Days

Dubai, UAE

$4,250

28 Sep - 02 Oct 2025

5 Days

Al Khobar, KSA

$4,250

Introduction

Training course introducion / brief

Effective management of supplier risk is essential for organizations to safeguard their interests and ensure continuity in their supply chains. This comprehensive training program is designed to equip participants with the knowledge, tools, and strategies needed to identify, assess, and mitigate risks associated with suppliers.

Understand the concept of supplier risk and its significance in today's business environment.
Identify different types of supplier risk, including financial, ethical, environmental, political, and economic risks.
Recognize the importance of supplier risk management and its impact on organizational performance.
Learn the key steps involved in managing supplier risk, including identification, assessment, and mitigation.
Gain insights into effective strategies for assessing supplier risk and developing mitigation plans.
Explore best practices and real-world case studies to understand how organizations successfully manage supplier risk.
Develop practical skills to implement supplier risk management processes within their own organizations.
Collaborate with peers through interactive workshops to develop a supplier risk management plan tailored to specific organizational needs.

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

Understanding Supplier Risk

Overview of Supplier Risk Management
Importance of Managing Supplier Risk
Impact of Supplier Risk on Business Operations
Understanding the concept of Supplier Risk
Methods for Identifying Supplier Risk
Case studies and examples of Supplier Risk incidents

Types of Supplier Risk:

Financial Risk: Understanding financial instability and its impact
Ethical Risk: Exploring issues related to labor practices, corruption, etc.
Environmental Risk: Identifying risks associated with environmental sustainability
Political Risk: Understanding geopolitical factors impacting suppliers
Economic Risk: Assessing risks related to economic downturns, inflation, etc.

Supplier Risk Assessment:

Importance of Supplier Risk Assessment.
Tools and methodologies for Supplier Risk Assessment.
illustrating effective assessment strategies.

Mitigation Strategies for Supplier Risk:

Developing mitigation plans for identified risks
Strategies for reducing financial risk, ethical risk, etc.
Collaborative approaches with suppliers to mitigate risks

Supplier Risk Monitoring and Control:

Establishing monitoring mechanisms for ongoing risk assessment
Implementing control measures to mitigate identified risks
Continuous improvement in Supplier Risk Management processes

Implementing Supplier Risk Management:

Integrating Supplier Risk Management into procurement processes
Roles and responsibilities of key stakeholders
Overcoming challenges in implementing Supplier Risk Management

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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TRAINING COURSE: Managing Suppliers Risk