About the Course

Contemporary supply chain management is a complex system that is intrinsically impacted by internal and external disruptions with a significant impact on organisations’ business and performance. In modern times, supply chain risk management is used to identify the potential sources of risks, their possible influences and propagation through the supply chain, and plan and implement appropriate actions to remove, reduce, or mitigate supply chain disruptions.

Managing risk has become a crucial challenge for supply chain managers due to growing global competition, rising cost pressures, increasing customer expectations, geopolitics, global disasters such as COVID-19 and ever-increasing complexity. In supply chain design, planning and optimisation, we need to consider uncertainty and risk to develop decision-oriented solutions. The use of dynamic simulation methods and software is almost mandatory to evaluate the possible impact of operational risks and disruptive risks.

The ability to manage these risks effectively & efficiently can have far-reaching effects on the growth and sustainability of the organisation, so every organisation must train its team on how to identify and handle risks in the environment of high uncertainty that we face now. This training course will facilitate the delegates to confidently analyse the expected impact of all potential risks and develop the necessary methodology to ensure a smooth and sustainable recovery plan for your organisation.

Core Objectives

The delegates will achieve the following objectives:

• Thorough understanding of supply chain activities
• Identify the dynamic structure of the supply chain
• Mapping your supply chain
• Plan for uncertainty and reduce the impact of disturbances in the supply chain
• Recover fast from the unwanted events
• Identify, analyse and evaluate supply chain risk
• Understand the keys aspects of reducing risk
• Use risk management tools and techniques
• Recognise, assess, and mitigate various types of risk throughout the supply chain
• Understand the external or political events that may impact supply chain management

Training Approach

This training course will utilise various proven learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes discussion and lectures using international best practices, practical applications, exercises and case studies.

The Attendees

Likewise, it will be valuable to the professionals but not limited to the following:

• Supply Chain Managers
• Logistics & Procurement Professionals
• Risk Managers & Risk Management Teams
• Operations Manager
• Project Managers
• Anyone involved in the supply chain process (Logistics, Procurement, Warehousing & Distribution)

Daily Discussion

DAY ONE: SUPPLY CHAIN MANAGEMENT & ASSOCIATED CHALLENGES

• Supply Chain Definitions
• Customers, Competitive Advantage and Demand
• The Global Supply Chain
• Challenges facing the Supply Chain
• Incoterms and Reducing Risk

DAY TWO: ANALYSING DIFFERENT SOURCES OF RISKS TO THE SUPPLY CHAIN

• Recognising Risks in the Supply Chain
• Mapping of the process as the first step toward risk management
• Internal Supply Chain Risks
• PESTLE Risks
• Inventory and Financial Risks
• Disruption and Security Risks
• Procurement and Logistics Risks

DAY THREE: RISK IDENTIFICATION & EVALUATION

• Risk Management Principles
• Developing a Risk Management Culture
• Identification of risks in the supply chain process
• The role of Procurement and Supply Chain strategy
• Evaluation and Prioritisation of Risks

DAY FOUR: RISK MITIGATION STRATEGIES & PLANNING

• Contingency and Risk Management Planning
• Strategic approaches to mitigate risks in supply chains
• Analysing and evaluating the different risk mitigation strategies
• Risk communication as the umbrella that should cover the whole risk management process
• Monitoring & reviewing phase for success of the risk management plan

DAY FIVE: RISK MANAGEMENT CONSIDERATIONS

• Cultural Considerations
• Legal Considerations
• Ethical Considerations
• Quality Considerations
• Business Continuity & Sustainability